ASTRAL POLY TECHNICK Announces Quarterly Results (3QFY20); Net Profit Up 30.9%

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ASTRAL POLY TECHNICK Announces Quarterly Results (3QFY20); Net Profit Up 30.9%
Mon, 17 Feb

ASTRAL POLY TECHNICK has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

ASTRAL POLY TECHNICK Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m6,3376,7836,641-2.1%4.8%
Other incomeRs m323022-26.7%-30.8%
TurnoverRs m6,3696,8136,663-2.2%4.6%
ExpensesRs m5,4005,5935,459-2.4%1.1%
Gross profitRs m9371,1901,182-0.7%26.2%
DepreciationRs m2022722740.7%35.7%
InterestRs m88951-42.7%529.6%
Profit before taxRs m7598598792.3%15.9%
TaxRs m23534194470.6%-17.5%
Profit after taxRs m523825685-17.0%30.9%
Gross profit margin%14.817.517.8
Effective tax rate%31.04.022.1
Net profit margin%8.212.110.3
* 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 grew 4.8% on a year-on-year (YoY) basis. The expenses were up by 1.1% YoY during the same period.
  • The company's operating profit increased by 26.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.8% in 3QFY20 as against 14.8% in 3QFY19.
  • Depreciation charges increased by 35.7% and finance costs increased by 529.6% YoY, respectively.
  • Other income declined by 30.8% YoY during the quarter.
  • Net profit for the quarter increased by 30.9% YoY. Net profit margins during the quarter increased from 8.2% in 3QFY19 to 10.3% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.4% QoQ during the same period.
  • The company's operating profit declined by 0.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.8% in 3QFY20 as against 17.5% in 2QFY19.
  • Net profit for the quarter declined by 17.0% QoQ, while net profit margins declined from 12.1% in 2QFY19 to 10.3% in 3QFY20.

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

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ASTRAL POLY TECHNICK Share Price Performance

Over the last one year,ASTRAL POLY TECHNICK share price has moved up from Rs 1,136.2 to Rs 1,185.0, registering a Gain of Rs 48.8 or around 4.3%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,558.6 (down 1.3%). Over the last one year it has moved up from 16,411.2 to 16,558.6, a gain of 147 points (up 0.9%).

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 1,185.0, the price to earnings (P/E) ratio of ASTRAL POLY TECHNICK stands at 53.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 13.8 times.

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