ATUL Announces Quarterly Results (3QFY20); Net Profit Up 36.8%

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ATUL Announces Quarterly Results (3QFY20); Net Profit Up 36.8%
Mon, 27 Jan

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

ATUL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m10,19510,1309,780-3.5%-4.1%
Other incomeRs m-47244102-58.3%
TurnoverRs m10,14810,3759,882-4.7%-2.6%
ExpensesRs m8,0817,9927,463-6.6%-7.6%
Gross profitRs m2,1142,1392,3178.3%9.6%
DepreciationRs m2762902910.3%5.2%
InterestRs m8413260.0%53.7%
Profit before taxRs m1,7832,0902,1151.2%18.6%
TaxRs m61465178235.5%-15.9%
Profit after taxRs m1,1692,0831,599-23.3%36.8%
Gross profit margin%20.721.123.7
Effective tax rate%34.50.324.4
Net profit margin%11.520.116.2
* 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 fell 4.1% on a year-on-year (YoY) basis. The expenses were down by 7.6% YoY during the same period.
  • The company's operating profit increased by 9.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.7% in 3QFY20 as against 20.7% in 3QFY19.
  • Depreciation charges increased by 5.2% and finance costs increased by 53.7% YoY, respectively.
  • Other income declined by 318.9% YoY during the quarter.
  • Net profit for the quarter increased by 36.8% YoY. Net profit margins during the quarter increased from 11.5% in 3QFY19 to 16.2% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.6% 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 23.7% in 3QFY20 as against 21.1% in 2QFY19.
  • Net profit for the quarter declined by 23.3% QoQ, while net profit margins declined from 20.1% in 2QFY19 to 16.2% in 3QFY20.

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

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ATUL Share Price Performance

Over the last one year,ATUL share price has moved up from Rs 3,437.0 to Rs 4,768.0, registering a Gain of Rs 1,331.0 or around 38.7%.

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 4,768.0, the price to earnings (P/E) ratio of ATUL stands at 23.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.2 times.

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