ATUL Announces Quarterly Results (4QFY20); Net Profit Up 31.0%

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ATUL Announces Quarterly Results (4QFY20); Net Profit Up 31.0%
Thu, 30 Apr

ATUL has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

ATUL Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m10,0089,7809,213-5.8%-7.9%
Other incomeRs m39102335228.6%751.1%
TurnoverRs m10,0489,8829,548-3.4%-5.0%
ExpensesRs m8,0817,4637,393-0.9%-8.5%
Gross profitRs m1,9282,3171,820-21.5%-5.6%
DepreciationRs m3012913054.7%1.3%
InterestRs m8133-73.8%-60.2%
Profit before taxRs m1,6582,1151,846-12.7%11.3%
TaxRs m573517424-18.0%-26.0%
Profit after taxRs m1,0851,5991,422-11.0%31.0%
Gross profit margin%19.323.719.8
Effective tax rate%34.524.423.0
Net profit margin%10.816.214.9
* 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 7.9% on a year-on-year (YoY) basis. The expenses were down by 8.5% YoY during the same period.
  • The company's operating profit declined by 5.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.8% in 4QFY20 as against 19.3% in 4QFY19.
  • Depreciation charges increased by 1.3% and finance costs declined by 60.2% YoY, respectively.
  • Other income increased by 751.1% YoY during the quarter.
  • Net profit for the quarter increased by 31.0% YoY. Net profit margins during the quarter increased from 10.8% in 4QFY19 to 14.9% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.9% QoQ during the same period.
  • The company's operating profit declined by 21.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.8% in 4QFY20 as against 23.7% in 3QFY19.
  • Net profit for the quarter declined by 11.0% QoQ, while net profit margins declined from 16.2% in 3QFY19 to 14.9% in 4QFY20.

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 3,447.6 to Rs 4,972.6, registering a Gain of Rs 1,525.0 or around 44.2%.

Overall, the S&P BSE SENSEX is down 13.9% over the year.

Current Valuations

At the current price of Rs 4,972.6, the price to earnings (P/E) ratio of ATUL stands at 23.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.5 times.

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