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ATUL Announces Quarterly Results (2QFY20); Net Profit Up 75.0%

ATUL Announces Quarterly Results (2QFY20); Net Profit Up 75.0%
Thu, 31 Oct

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

ATUL Quarterly Financials

No. of Mths Qtr. Ending		3 Sep-18*	3 Jun-19*	3 Sep-19*	QoQ Change	YoY Change
Net Sales	Rs m	10,074	9,933	10,130	2.0%	0.6%
Other income	Rs m	188	95	244	156.2%	30.1%
Turnover	Rs m	10,262	10,028	10,375	3.5%	1.1%
Expenses	Rs m	8,174	7,765	7,992	2.9%	-2.2%
Gross profit	Rs m	1,900	2,168	2,139	-1.4%	12.6%
Depreciation	Rs m	273	285	290	1.6%	6.2%
Interest	Rs m	11	4	4	-14.6%	-68.2%
Profit before tax	Rs m	1,804	1,974	2,090	5.9%	15.8%
Tax	Rs m	614	677	6	-99.1%	-99.0%
Profit after tax	Rs m	1,190	1,297	2,083	60.6%	75.0%
Gross profit margin	%	18.9	21.8	21.1
Effective tax rate	%	34.0	34.3	0.3
Net profit margin	%	11.6	12.9	20.1

* 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 0.6% on a year-on-year (YoY) basis. The expenses were down by 2.2% YoY during the same period.
The company's operating profit increased by 12.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.1% in 2QFY20 as against 18.9% in 2QFY19.
Depreciation charges increased by 6.2% and finance costs declined by 68.2% YoY, respectively.
Other income increased by 30.1% YoY during the quarter.
Net profit for the quarter increased by 75.0% YoY. Net profit margins during the quarter increased from 11.6% in 2QFY19 to 20.1% in 2QFY20.

Quarter-on-Quarter Performance:

The company's operating income during the quarter grew 2.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.9% QoQ during the same period.
The company's operating profit declined by 1.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.1% in 2QFY20 as against 21.8% in 1QFY19.
Net profit for the quarter increased by 60.6% QoQ, while net profit margins increased from 12.9% in 1QFY19 to 20.1% in 2QFY20.

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

Know More: Which way are the markets & the mutual fund industry headed?

ATUL Share Price Performance

Over the last one year,ATUL share price has moved up from Rs 3,325.4 to Rs 4,260.6, registering a Gain of Rs 935.2 or around 28.1%.

Overall, the S&P BSE SENSEX is up 18.7% over the year.

Current Valuations

At the current price of Rs 4,260.6, the price to earnings (P/E) ratio of ATUL stands at 22.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.7 times.

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ATUL SHARE PRICE

BSE: 6,376.00 -2.48% NSE: 6,375.05 -2.31%
Jan 27, 2021 (Close)

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LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

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ATUL Announces Quarterly Results (2QFY20); Net Profit Up 75.0% Thu, 31 Oct