ATUL AUTO Announces Quarterly Results (3QFY19); Net Profit Up 66.1%

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ATUL AUTO Announces Quarterly Results (3QFY19); Net Profit Up 66.1%
Fri, 15 Feb

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

ATUL AUTO Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,2901,7651,8615.5%44.3%
Other incomeRs m42218-15.3%323.3%
TurnoverRs m1,2941,7861,8805.2%45.2%
ExpensesRs m1,1341,5361,6135.0%42.2%
Gross profitRs m1562292488.3%59.2%
DepreciationRs m1314140.7%3.7%
InterestRs m142-61.5%15.4%
Profit before taxRs m1462332517.7%72.5%
TaxRs m4984907.3%85.4%
Profit after taxRs m971491618.0%66.1%
Gross profit margin%12.113.013.3
Effective tax rate%33.336.035.8
Net profit margin%7.58.48.6
* 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 44.3% on a year-on-year (YoY) basis. The expenses were up by 42.2% YoY during the same period.
  • The company's operating profit increased by 59.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.3% in 3QFY19 as against 12.1% in 3QFY18.
  • Depreciation charges increased by 3.7% and finance costs increased by 15.4% YoY, respectively.
  • Other income increased by 323.3% YoY during the quarter.
  • Net profit for the quarter increased by 66.1% YoY. Net profit margins during the quarter increased from 7.5% in 3QFY18 to 8.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.0% QoQ during the same period.
  • The company's operating profit increased by 8.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.3% in 3QFY19 as against 13.0% in 2QFY18.
  • Net profit for the quarter increased by 8.0% QoQ, while net profit margins increased from 8.3% in 2QFY18 to 8.6% in 3QFY19.

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 up from Rs 420.7 to Rs 290.0, registering a Loss of Rs 130.7 or around 31.1%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 18,227.3 (down 1.4%). Over the last one year it has moved down from 25,187.9 to 18,227.3, a gain of 6,961 points (down 27.6%).

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 290.0, the price to earnings (P/E) ratio of ATUL AUTO stands at 12.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.9 times.

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