ASTRAL POLY Announces Quarterly Results (3QFY19); Net Profit Up 12.0%

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ASTRAL POLY Announces Quarterly Results (3QFY19); Net Profit Up 12.0%
Fri, 15 Feb

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

ASTRAL POLY Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m5,2856,2926,3370.7%19.9%
Other incomeRs m574532-30.0%-44.5%
TurnoverRs m5,3436,3386,3690.5%19.2%
ExpensesRs m4,5535,4845,400-1.5%18.6%
Gross profitRs m73280193716.9%28.0%
DepreciationRs m1411922024.9%42.8%
InterestRs m0080.0%0.0%
Profit before taxRs m64865475915.9%17.1%
TaxRs m18119623520.0%30.2%
Profit after taxRs m46745852314.2%12.0%
Gross profit margin%13.812.714.8
Effective tax rate%27.929.931.0
Net profit margin%8.77.28.2
* 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 19.9% on a year-on-year (YoY) basis. The expenses were up by 18.6% YoY during the same period.
  • The company's operating profit increased by 28.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.8% in 3QFY19 as against 13.8% in 3QFY18.
  • Depreciation charges increased by 42.8% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 44.5% YoY during the quarter.
  • Net profit for the quarter increased by 12.0% YoY. Net profit margins during the quarter declined from 8.7% in 3QFY18 to 8.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.5% QoQ during the same period.
  • The company's operating profit increased by 16.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.8% in 3QFY19 as against 12.7% in 2QFY18.
  • Net profit for the quarter increased by 14.2% QoQ, while net profit margins increased from 7.2% in 2QFY18 to 8.2% in 3QFY19.

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 769.0 to Rs 1,127.2, registering a Gain of Rs 358.2 or around 46.6%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,339.8 (down 0.0%). Over the last one year it has moved down from 19,459.0 to 16,339.8, a gain of 3,119 points (down 16.0%).

Overall, the S&P BSE SENSEX is up 4.3% over the year.

Current Valuations

At the current price of Rs 1,127.2, the price to earnings (P/E) ratio of ASTRAL POLY stands at 65.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 21.6 times.

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