AUTOMOTIVE AXLES Announces Quarterly Results (2QFY19); Net Profit Up 56.7%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Markets will remain closed on 6th April, 2020 on account of Mahavir Jayanti.

AUTOMOTIVE AXLES Announces Quarterly Results (2QFY19); Net Profit Up 56.7%
Mon, 12 Nov

AUTOMOTIVE AXLES has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

AUTOMOTIVE AXLES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,4964,7384,9845.2%42.5%
Other incomeRs m1699-4.4%-46.3%
TurnoverRs m3,5134,7474,9925.2%42.1%
ExpensesRs m3,1044,1794,3955.2%41.6%
Gross profitRs m3935595885.2%49.9%
DepreciationRs m98125123-1.9%25.1%
InterestRs m1229.9%73.9%
Profit before taxRs m3104424737.0%52.7%
TaxRs m1051521520.3%44.7%
Profit after taxRs m20429032110.5%56.7%
Gross profit margin%11.211.811.8
Effective tax rate%34.034.332.2
Net profit margin%5.86.16.4
* 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 42.5% on a year-on-year (YoY) basis. The expenses were up by 41.6% YoY during the same period.
  • The company's operating profit increased by 49.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.8% in 2QFY19 as against 11.2% in 2QFY18.
  • Depreciation charges increased by 25.1% and finance costs increased by 73.9% YoY, respectively.
  • Other income declined by 46.3% YoY during the quarter.
  • Net profit for the quarter increased by 56.7% YoY. Net profit margins during the quarter increased from 5.8% in 2QFY18 to 6.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.2% QoQ during the same period.
  • The company's operating profit increased by 5.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.8% in 2QFY19 as against 11.8% in 1QFY18.
  • Net profit for the quarter increased by 10.5% QoQ, while net profit margins increased from 6.1% in 1QFY18 to 6.4% in 2QFY19.

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

AUTOMOTIVE AXLES Share Price Performance

Over the last one year, AUTOMOTIVE AXLES share price has moved up from Rs 954.7 to Rs 1,263.3, registering a Gain of Rs 308.6 or around 32.3%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 1,263.3, the price to earnings (P/E) ratio of AUTOMOTIVE AXLES stands at 17.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.3 times.

Equitymaster requests your view! Post a comment on "AUTOMOTIVE AXLES Announces Quarterly Results (2QFY19); Net Profit Up 56.7%". Click here!

  

Related Views on News

AUTOMOTIVE AXLES Announces Quarterly Results (2QFY20); Net Profit Down 80.5% (Quarterly Result Update)

Nov 11, 2019 | Updated on Nov 11, 2019

For the quarter ended September 2019, AUTOMOTIVE AXLES has posted a net profit of Rs 62 m (down 80.5% YoY). Sales on the other hand came in at Rs 2 bn (down 59.9% YoY). Read on for a complete analysis of AUTOMOTIVE AXLES's quarterly results.

AUTOMOTIVE AXLES 2018-19 Annual Report Analysis (Annual Result Update)

Sep 16, 2019 | Updated on Sep 16, 2019

Here's an analysis of the annual report of AUTOMOTIVE AXLES for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of AUTOMOTIVE AXLES. Also includes updates on the valuation of AUTOMOTIVE AXLES.

AUTOMOTIVE AXLES Announces Quarterly Results (1QFY20); Net Profit Down 15.1% (Quarterly Result Update)

Aug 20, 2019 | Updated on Aug 20, 2019

For the quarter ended June 2019, AUTOMOTIVE AXLES has posted a net profit of Rs 246 m (down 15.1% YoY). Sales on the other hand came in at Rs 4 bn (down 11.7% YoY). Read on for a complete analysis of AUTOMOTIVE AXLES's quarterly results.

More Views on News

Most Popular

Sorry Warren Buffett, I'm Following This Man Instead of You in 2020(The 5 Minute Wrapup)

Mar 30, 2020

This man warned of an impending market correction while everyone else was celebrating the renewed optimism in early 2020...

The Biggest Trading Opportunity of 2020 is Here...

Mar 26, 2020

India's #1 trader, Vijay Bhambwani, talks about a hugely profitable trading opportunity which you must know about today!

A Big Trading Opportunity is Coming Your Way Soon(Fast Profits Daily)

Mar 25, 2020

I see a big opportunity to make fast profits on the horizon.

Coronavirus Sell-off Is a Perfect Time to 'Lockdown' this 'Crorepati' Stock(Profit Hunter)

Mar 24, 2020

Coronavirus crisis and panic selling has brought this quality smallcap to multiyear lows, making it a great bargain.

One Stock that is All Charged Up for the Post Coronavirus Rebound(The 5 Minute Wrapup)

Apr 1, 2020

A stock with strong moat is currently trading near 5-year lows.

More

How to Trade the
Coronavirus Crash

Coronavirus Crash
Get this special report, authored by Equitymaster's top analysts, now.
We will never sell or rent your email id.
Please read our Terms

AUTOMOTIVE AXLES SHARE PRICE


Apr 3, 2020 (Close)

TRACK AUTOMOTIVE AXLES

  • Track your investment in AUTOMOTIVE AXLES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON AUTOMOTIVE AXLES

AUTOMOTIVE AXLES 8-QTR ANALYSIS

COMPARE AUTOMOTIVE AXLES WITH

MARKET STATS