ASTRAL POLY Announces Quarterly Results (2QFY19); Net Profit Up 15.0%

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Markets will remain closed on 10th April, 2020 on account of Good Friday.

ASTRAL POLY Announces Quarterly Results (2QFY19); Net Profit Up 15.0%
Fri, 16 Nov

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

ASTRAL POLY Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m5,1984,7706,29231.9%21.1%
Other incomeRs m19394517.0%142.8%
TurnoverRs m5,2174,8096,33831.8%21.5%
ExpensesRs m4,5064,1085,48433.5%21.7%
Gross profitRs m69266380120.9%15.8%
DepreciationRs m14216119219.8%35.8%
InterestRs m0000.0%0.0%
Profit before taxRs m56954165421.0%15.0%
TaxRs m17115719624.9%14.9%
Profit after taxRs m39838445819.4%15.0%
Gross profit margin%13.313.912.7
Effective tax rate%30.029.029.9
Net profit margin%7.68.07.2
* 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 grew 21.1% on a year-on-year (YoY) basis. The expenses were up by 21.7% YoY during the same period.
  • The company's operating profit increased by 15.8% YoY during the quarter. Consequently, operating profit margins remained same and stood at 12.7% in 2QFY19.
  • Depreciation charges increased by 35.8% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 142.8% YoY during the quarter.
  • Net profit for the quarter increased by 15.0% YoY. Net profit margins during the quarter declined from 7.6% in 2QFY18 to 7.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 31.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 33.5% QoQ during the same period.
  • The company's operating profit declined by 20.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.7% in 2QFY19 as against 13.9% in 1QFY18.
  • Net profit for the quarter increased by 19.4% QoQ, while net profit margins declined from 8.0% in 1QFY18 to 7.2% in 2QFY19.

To see how ASTRAL POLY has performed over the last eight quarters, please visit here.

ASTRAL POLY Share Price Performance

Over the last one year, ASTRAL POLY share price has moved up from Rs 794.9 to Rs 1,055.0, registering a Gain of Rs 260.1 or around 32.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,447.2 (up 0.1%). Over the last one year it has moved up from 18,153.9 to 18,447.2, a gain of 293 points (up 1.6%).

Overall, the S&P BSE SENSEX is up 8.3% over the year.

Current Valuations

At the current price of Rs 1,055.0, the price to earnings (P/E) ratio of ASTRAL POLY stands at 63.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 20.2 times.

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