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ASTRA MICRO Announces Quarterly Results (3QFY19); Net Profit Down 88.8%

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ASTRA MICRO Announces Quarterly Results (3QFY19); Net Profit Down 88.8%
Thu, 31 Jan

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

ASTRA MICRO Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m86344474968.5%-13.2%
Other incomeRs m56326-58.9%373.6%
TurnoverRs m86850777552.8%-10.8%
ExpensesRs m51350065731.4%28.3%
Gross profitRs m350-5691-73.9%
DepreciationRs m7470722.2%-2.1%
InterestRs m292115-31.3%-48.9%
Profit before taxRs m253-8530-88.0%
TaxRs m89-3912-86.4%
Profit after taxRs m165-4618-88.8%
Gross profit margin%40.6-12.612.2
Effective tax rate%34.945.739.5
Net profit margin%19.0-9.22.4
* 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 13.2% on a year-on-year (YoY) basis. The expenses were up by 28.3% YoY during the same period.
  • The company's operating profit declined by 73.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.2% in 3QFY19 as against 40.6% in 3QFY18.
  • Depreciation charges declined by 2.1% and finance costs declined by 48.9% YoY, respectively.
  • Other income increased by 373.6% YoY during the quarter.
  • Net profit for the quarter declined by 88.8% YoY. Net profit margins during the quarter declined from 19.0% in 3QFY18 to 2.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 68.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 31.4% QoQ during the same period.
  • The company's operating profit increased by 263.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.2% in 3QFY19 as against 12.6% in 2QFY18.
  • Net profit for the quarter increased by 139.7% QoQ, while net profit margins increased from -9.1% in 2QFY18 to 2.4% in 3QFY19.

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 114.3 to Rs 77.9, registering a Loss of Rs 36.4 or around 31.8%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,266.6 (up 0.9%). Over the last one year it has moved down from 20,363.6 to 17,266.6, a gain of 3,097 points (down 15.2%).

Overall, the S&P BSE SENSEX is up 0.3% over the year.

Current Valuations

At the current price of Rs 77.9, the price to earnings (P/E) ratio of ASTRA MICRO stands at 18.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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