ASTRA MICRO Announces Quarterly Results (4QFY19); Net Profit Down 75.3%

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ASTRA MICRO Announces Quarterly Results (4QFY19); Net Profit Down 75.3%
Tue, 14 May

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

ASTRA MICRO Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,6937491,13251.2%-33.1%
Other incomeRs m302625-2.0%-17.5%
TurnoverRs m1,7237751,15749.4%-32.8%
ExpensesRs m1,25365793341.9%-25.5%
Gross profitRs m43991199117.6%-54.7%
DepreciationRs m7772743.0%-3.9%
InterestRs m261532117.5%22.5%
Profit before taxRs m36730118288.3%-67.8%
TaxRs m691245271.3%-35.7%
Profit after taxRs m2971873299.5%-75.3%
Gross profit margin%26.012.217.6
Effective tax rate%18.939.537.8
Net profit margin%17.22.46.3
* 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 33.1% on a year-on-year (YoY) basis. The expenses were down by 25.5% YoY during the same period.
  • The company's operating profit declined by 54.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.6% in 4QFY19 as against 26.0% in 4QFY18.
  • Depreciation charges declined by 3.9% and finance costs increased by 22.5% YoY, respectively.
  • Other income declined by 17.5% YoY during the quarter.
  • Net profit for the quarter declined by 75.3% YoY. Net profit margins during the quarter declined from 17.2% in 4QFY18 to 6.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 51.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 41.9% QoQ during the same period.
  • The company's operating profit increased by 117.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.6% in 4QFY19 as against 12.2% in 3QFY18.
  • Net profit for the quarter increased by 299.5% QoQ, while net profit margins increased from 2.3% in 3QFY18 to 6.3% in 4QFY19.

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 94.4 to Rs 83.3, registering a Loss of Rs 11.2 or around 11.8%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,188.0 (down 0.6%). Over the last one year it has moved down from 19,063.4 to 17,188.0, a gain of 1,875 points (down 9.8%).

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 83.3, the price to earnings (P/E) ratio of ASTRA MICRO stands at 54.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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