ASAHI SONGWON Announces Quarterly Results (3QFY20); Net Profit Down 13.5%

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ASAHI SONGWON Announces Quarterly Results (3QFY20); Net Profit Down 13.5%
Mon, 3 Feb

ASAHI SONGWON has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

ASAHI SONGWON Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m659716585-18.3%-11.2%
Other incomeRs m042-59.5%466.7%
TurnoverRs m659720586-18.6%-11.0%
ExpensesRs m569628510-18.8%-10.5%
Gross profitRs m898975-15.4%-16.2%
DepreciationRs m202121-0.1%5.7%
InterestRs m1198-5.2%-25.8%
Profit before taxRs m596347-24.5%-19.5%
TaxRs m18-1612-32.8%
Profit after taxRs m417935-55.3%-13.5%
Gross profit margin%13.612.412.8
Effective tax rate%31.1-25.325.9
Net profit margin%6.210.96.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 11.2% on a year-on-year (YoY) basis. The expenses were down by 10.5% YoY during the same period.
  • The company's operating profit declined by 16.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.8% in 3QFY20 as against 13.6% in 3QFY19.
  • Depreciation charges increased by 5.7% and finance costs declined by 25.8% YoY, respectively.
  • Other income increased by 466.7% YoY during the quarter.
  • Net profit for the quarter declined by 13.5% YoY. Net profit margins during the quarter declined from 6.2% in 3QFY19 to 6.0% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 18.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.8% QoQ during the same period.
  • The company's operating profit declined by 15.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.8% in 3QFY20 as against 12.4% in 2QFY19.
  • Net profit for the quarter declined by 55.3% QoQ, while net profit margins declined from 11.0% in 2QFY19 to 6.0% in 3QFY20.

To see how ASAHI SONGWON has performed over the last eight quarters,please visit here.

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ASAHI SONGWON Share Price Performance

Over the last one year,ASAHI SONGWON share price has moved down from Rs 187.5 to Rs 135.0, registering a Loss of Rs 52.5 or around 28.0%.

Overall, the S&P BSE SENSEX is up 9.5% over the year.

Current Valuations

At the current price of Rs 135.0, the price to earnings (P/E) ratio of ASAHI SONGWON stands at 8.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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Related Views on News

ASAHI SONGWON Announces Quarterly Results (2QFY20); Net Profit Up 48.3% (Quarterly Result Update)

Oct 15, 2019 | Updated on Oct 15, 2019

For the quarter ended September 2019, ASAHI SONGWON has posted a net profit of Rs 79 m (up 48.3% YoY). Sales on the other hand came in at Rs 716 m (down 14.7% YoY). Read on for a complete analysis of ASAHI SONGWON's quarterly results.

ASAHI SONGWON Announces Quarterly Results (1QFY20); Net Profit Up 12.9% (Quarterly Result Update)

Aug 27, 2019 | Updated on Aug 27, 2019

For the quarter ended June 2019, ASAHI SONGWON has posted a net profit of Rs 54 m (up 12.9% YoY). Sales on the other hand came in at Rs 818 m (up 6.9% YoY). Read on for a complete analysis of ASAHI SONGWON's quarterly results.

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