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ATUL AUTO Announces Quarterly Results (4QFY19); Net Profit Up 0.8%

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ATUL AUTO Announces Quarterly Results (4QFY19); Net Profit Up 0.8%
Mon, 3 Jun

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

ATUL AUTO Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,5061,8611,668-10.4%10.8%
Other incomeRs m10185-74.2%-52.0%
TurnoverRs m1,5161,8801,673-11.0%10.4%
ExpensesRs m1,3251,6131,479-8.3%11.6%
Gross profitRs m181248189-23.9%4.7%
DepreciationRs m1314142.9%8.3%
InterestRs m1220.0%25.0%
Profit before taxRs m176251178-29.1%1.1%
TaxRs m599060-33.1%1.9%
Profit after taxRs m117161118-26.9%0.8%
Gross profit margin%12.013.311.3
Effective tax rate%33.535.833.8
Net profit margin%7.78.67.0
* 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 10.8% on a year-on-year (YoY) basis. The expenses were up by 11.6% YoY during the same period.
  • The company's operating profit increased by 4.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.3% in 4QFY19 as against 12.0% in 4QFY18.
  • Depreciation charges increased by 8.3% and finance costs increased by 25.0% YoY, respectively.
  • Other income declined by 52.0% YoY during the quarter.
  • Net profit for the quarter increased by 0.8% YoY. Net profit margins during the quarter declined from 7.7% in 4QFY18 to 7.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.3% QoQ during the same period.
  • The company's operating profit declined by 23.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.3% in 4QFY19 as against 13.3% in 3QFY18.
  • Net profit for the quarter declined by 26.9% QoQ, while net profit margins declined from 8.6% in 3QFY18 to 7.0% in 4QFY19.

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 427.2 to Rs 308.0, registering a Loss of Rs 119.2 or around 27.9%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 18,688.4 (up 1.3%). Over the last one year it has moved down from 24,635.3 to 18,688.4, a gain of 5,947 points (down 24.1%).

Overall, the S&P BSE SENSEX is up 13.3% over the year.

Current Valuations

At the current price of Rs 308.0, the price to earnings (P/E) ratio of ATUL AUTO stands at 12.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.1 times.

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