ASTRAL POLY TECHNICK Announces Quarterly Results (4QFY20); Net Profit Down 16.4%

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ASTRAL POLY TECHNICK Announces Quarterly Results (4QFY20); Net Profit Down 16.4%
Fri, 29 May

ASTRAL POLY TECHNICK has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

ASTRAL POLY TECHNICK Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m7,7476,6416,289-5.3%-18.8%
Other incomeRs m38221-95.5%-97.4%
TurnoverRs m7,7856,6636,290-5.6%-19.2%
ExpensesRs m6,5585,4595,163-5.4%-21.3%
Gross profitRs m1,1611,1821,126-4.7%-3.0%
DepreciationRs m2242742895.5%29.1%
InterestRs m5951181254.9%205.7%
Profit before taxRs m916879657-25.3%-28.3%
TaxRs m292194135-30.4%-53.7%
Profit after taxRs m625685522-23.8%-16.4%
Gross profit margin%15.017.817.9
Effective tax rate%31.822.120.5
Net profit margin%8.010.38.3
* 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 18.8% on a year-on-year (YoY) basis. The expenses were down by 21.3% YoY during the same period.
  • The company's operating profit declined by 3.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.9% in 4QFY20 as against 15.0% in 4QFY19.
  • Depreciation charges increased by 29.1% and finance costs increased by 205.7% YoY, respectively.
  • Other income declined by 97.4% YoY during the quarter.
  • Net profit for the quarter declined by 16.4% YoY. Net profit margins during the quarter increased from 8.0% in 4QFY19 to 8.3% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.4% QoQ during the same period.
  • The company's operating profit declined by 4.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.9% in 4QFY20 as against 17.8% in 3QFY19.
  • Net profit for the quarter declined by 23.8% QoQ, while net profit margins declined from 10.3% in 3QFY19 to 8.3% in 4QFY20.

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

New Opportunity: India's #1 Defence Stock

ASTRAL POLY TECHNICK Share Price Performance

Over the last one year,ASTRAL POLY TECHNICK share price has moved down from Rs 1,274.0 to Rs 858.5, registering a Loss of Rs 415.5 or around 32.6%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 12,230.6 (up 1.7%). Over the last one year it has moved down from 19,908.6 to 12,230.6, a loss of 7,678 points (down 38.6%).

Overall, the S&P BSE SENSEX is down 19.1% over the year.

Current Valuations

At the current price of Rs 858.5, the price to earnings (P/E) ratio of ASTRAL POLY TECHNICK stands at 40.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.0 times.

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