ATUL AUTO Announces Quarterly Results (1QFY20); Net Profit Up 9.1%

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ATUL AUTO Announces Quarterly Results (1QFY20); Net Profit Up 9.1%
Fri, 16 Aug

ATUL AUTO has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ATUL AUTO Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,3731,6681,477-11.4%7.6%
Other incomeRs m24510104.3%-60.5%
TurnoverRs m1,3971,6731,487-11.1%6.4%
ExpensesRs m1,2251,4791,295-12.4%5.8%
Gross profitRs m148189182-3.7%22.6%
DepreciationRs m1314169.8%17.2%
InterestRs m22220.0%0.0%
Profit before taxRs m158178174-2.1%10.5%
TaxRs m5460622.5%13.2%
Profit after taxRs m103118113-4.5%9.1%
Gross profit margin%10.811.312.3
Effective tax rate%34.533.835.4
Net profit margin%7.47.07.6
* 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 7.6% on a year-on-year (YoY) basis. The expenses were up by 5.8% YoY during the same period.
  • The company's operating profit increased by 22.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.3% in 1QFY20 as against 10.8% in 1QFY19.
  • Depreciation charges increased by 17.2% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 60.5% YoY during the quarter.
  • Net profit for the quarter increased by 9.1% YoY. Net profit margins during the quarter increased from 7.4% in 1QFY19 to 7.6% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.4% QoQ during the same period.
  • The company's operating profit increased by 3.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.3% in 1QFY20 as against 11.3% in 4QFY19.
  • Net profit for the quarter declined by 4.5% QoQ, while net profit margins increased from 7.1% in 4QFY19 to 7.6% in 1QFY20.

To see how ATUL AUTO has performed over the last eight quarters,please visit here.

ATUL AUTO Share Price Performance

Over the last one year,ATUL AUTO share price has moved down from Rs 397.1 to Rs 211.3, registering a Loss of Rs 185.8 or around 46.8%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 15,618.5 (up 0.3%). Over the last one year it has moved down from 24,271.9 to 15,618.5, a gain of 8,653 points (down 35.7%).

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 211.3, the price to earnings (P/E) ratio of ATUL AUTO stands at 8.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

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