ASTRA MICRO Announces Quarterly Results (1QFY19); Net Profit Up 91.4%

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ASTRA MICRO Announces Quarterly Results (1QFY19); Net Profit Up 91.4%
Wed, 1 Aug

ASTRA MICRO has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

ASTRA MICRO Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m5041,693536-68.3%6.3%
Other incomeRs m3730132331.8%251.7%
TurnoverRs m5421,723668-61.3%23.2%
ExpensesRs m4191,253473-62.3%12.9%
Gross profitRs m8643963-85.6%-26.2%
DepreciationRs m567769-10.7%22.5%
InterestRs m322622-17.6%-32.2%
Profit before taxRs m35367104-71.5%196.9%
TaxRs m-76925-64.6%
Profit after taxRs m4229780-73.1%91.4%
Gross profit margin%17.026.011.8
Effective tax rate%-18.718.923.5
Net profit margin%7.717.212.0
* 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 grew 6.3% on a year-on-year (YoY) basis. The expenses were up by 12.9% YoY during the same period.
  • The company's operating profit declined by 26.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.8% in 1QFY19 as against 17.0% in 1QFY18.
  • Depreciation charges and finance costs increased by 22.5% YoY and 32.2% YoY, respectively.
  • Other income increased by 251.7% YoY during the quarter.
  • Net profit for the quarter increased by 91.4% YoY. Net profit margins during the quarter increased from 7.7% in 1QFY18 to 12.0% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 68.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 62.3% QoQ during the same period.
  • The company's operating profit declined by 85.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.8% in 1QFY19 as against 26.0% in 4QFY18.
  • Net profit for the quarter declined by 73.1% QoQ, while net profit margins declined from 17.2% in 4QFY18 to 12.0% in 1QFY19.

To see how ASTRA MICRO has performed over the last eight quarters, please visit here.

ASTRA MICRO Share Price Performance

Over the last one year, ASTRA MICRO share price has moved up from Rs 133.9 to Rs 101.0, registering a Loss of Rs 32.9 or around 24.6%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,331.8 (up 0.2%). Over the last one year it has moved up from 17,906.0 to 18,331.8, a gain of 426 points (up 2.4%).

Overall, the S&P BSE SENSEX is down 0.1% over the year.

Current Valuations

At the current price of Rs 101.0, the price to earnings (P/E) ratio of ASTRA MICRO stands at 12.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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