ASTRA MICRO Announces Quarterly Results (1QFY20); Net Profit Down 191.6%

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ASTRA MICRO Announces Quarterly Results (1QFY20); Net Profit Down 191.6%
Tue, 20 Aug

ASTRA MICRO has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ASTRA MICRO Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m5361,132303-73.3%-43.5%
Other incomeRs m132259-65.8%-93.5%
TurnoverRs m6681,157311-73.1%-53.4%
ExpensesRs m473933339-63.7%-28.3%
Gross profitRs m63199-36-118.3%-157.6%
DepreciationRs m697461-17.9%-11.6%
InterestRs m223218-43.0%-15.3%
Profit before taxRs m104118-107-190.7%-202.4%
TaxRs m2545-34-175.9%-237.8%
Profit after taxRs m8073-73-199.7%-191.6%
Gross profit margin%11.817.6-12.1
Effective tax rate%23.537.831.6
Net profit margin%12.06.3-23.5
* 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 43.5% on a year-on-year (YoY) basis. The expenses were down by 28.3% YoY during the same period.
  • The company's operating profit declined by 157.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.1% in 1QFY20 as against 11.8% in 1QFY19.
  • Depreciation charges declined by 11.6% and finance costs declined by 15.3% YoY, respectively.
  • Other income declined by 93.5% YoY during the quarter.
  • Net profit for the quarter declined by 191.6% YoY. Net profit margins during the quarter declined from 12.0% in 1QFY19 to -23.5% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 73.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 63.7% QoQ during the same period.
  • The company's operating profit declined by 118.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.1% in 1QFY20 as against 17.6% in 4QFY19.
  • Net profit for the quarter declined by 199.7% QoQ, while net profit margins declined from 6.3% in 4QFY19 to -23.5% in 1QFY20.

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 down from Rs 96.7 to Rs 74.0, registering a Loss of Rs 22.8 or around 23.5%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,080.7 (down 0.3%). Over the last one year it has moved down from 18,524.4 to 17,080.7, a gain of 1,444 points (down 7.8%).

Overall, the S&P BSE SENSEX is down 2.5% over the year.

Current Valuations

At the current price of Rs 74.0, the price to book value (P/BV) ratio of ASTRA MICRO stands at 1.2 times.

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