ASTRA MICRO Announces Quarterly Results (2QFY19); Net Profit Down 144.9%

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ASTRA MICRO Announces Quarterly Results (2QFY19); Net Profit Down 144.9%
Mon, 5 Nov

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

ASTRA MICRO Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m551536444-17.1%-19.4%
Other incomeRs m413263-52.5%1333.5%
TurnoverRs m556668507-24.1%-8.8%
ExpensesRs m3264735005.9%53.7%
Gross profitRs m22663-56-188.5%-124.8%
DepreciationRs m6369702.2%11.5%
InterestRs m332221-0.4%-34.4%
Profit before taxRs m134104-85-181.7%-163.5%
TaxRs m3125-39-258.9%-225.0%
Profit after taxRs m10380-46-158.0%-144.9%
Gross profit margin%41.011.8-12.6
Effective tax rate%23.223.545.7
Net profit margin%18.612.0-9.2
* 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 19.4% on a year-on-year (YoY) basis. The expenses were up by 53.7% YoY during the same period.
  • The company's operating profit declined by 124.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.6% in 2QFY19 as against 41.0% in 2QFY18.
  • Depreciation charges increased by 11.5% and finance costs declined by 34.4% YoY, respectively.
  • Other income increased by 1333.5% YoY during the quarter.
  • Net profit for the quarter declined by 144.9% YoY. Net profit margins during the quarter declined from 18.6% in 2QFY18 to -9.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 17.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.9% QoQ during the same period.
  • The company's operating profit declined by 188.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.6% in 2QFY19 as against 11.8% in 1QFY18.
  • Net profit for the quarter declined by 158.0% QoQ, while net profit margins declined from 12.0% in 1QFY18 to -9.2% in 2QFY19.

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 118.9 to Rs 81.0, registering a Loss of Rs 37.9 or around 31.9%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,055.8 (down 0.4%). Over the last one year it has moved down from 18,601.4 to 18,055.8, a gain of 546 points (down 2.9%).

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 81.0, the price to earnings (P/E) ratio of ASTRA MICRO stands at 13.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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