ATUL AUTO Announces Quarterly Results (3QFY20); Net Profit Up 22.2%

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ATUL AUTO Announces Quarterly Results (3QFY20); Net Profit Up 22.2%
Wed, 19 Feb

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

ATUL AUTO Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m1,8611,7221,92812.0%3.6%
Other incomeRs m18108-16.3%-54.9%
TurnoverRs m1,8801,7321,93711.8%3.0%
ExpensesRs m1,6131,5211,6548.8%2.5%
Gross profitRs m24820127436.2%10.4%
DepreciationRs m1416161.3%16.5%
InterestRs m252-54.3%40.0%
Profit before taxRs m25119026438.7%5.2%
TaxRs m901367401.5%-25.3%
Profit after taxRs m16117719711.2%22.2%
Gross profit margin%13.311.714.2
Effective tax rate%35.87.025.5
Net profit margin%8.610.210.2
* 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 3.6% on a year-on-year (YoY) basis. The expenses were up by 2.5% YoY during the same period.
  • The company's operating profit increased by 10.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.2% in 3QFY20 as against 13.3% in 3QFY19.
  • Depreciation charges increased by 16.5% and finance costs increased by 40.0% YoY, respectively.
  • Other income declined by 54.9% YoY during the quarter.
  • Net profit for the quarter increased by 22.2% YoY. Net profit margins during the quarter increased from 8.6% in 3QFY19 to 10.2% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.8% QoQ during the same period.
  • The company's operating profit increased by 36.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.2% in 3QFY20 as against 11.7% in 2QFY19.
  • Net profit for the quarter increased by 11.2% QoQ, while net profit margins declined from 10.2% in 2QFY19 to 10.2% in 3QFY20.

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

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ATUL AUTO Share Price Performance

Over the last one year,ATUL AUTO share price has moved down from Rs 293.2 to Rs 241.7, registering a Loss of Rs 51.5 or around 17.6%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 17,312.9 (down 0.1%). Over the last one year it has moved down from 18,123.6 to 17,312.9, a gain of 811 points (down 4.5%).

Overall, the S&P BSE SENSEX is up 16.2% over the year.

Current Valuations

At the current price of Rs 241.7, the price to earnings (P/E) ratio of ATUL AUTO stands at 8.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.0 times.

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