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

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?  

AUTOMOTIVE AXLES Announces Quarterly Results (2QFY20); Net Profit Down 80.5%
Mon, 11 Nov

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

AUTOMOTIVE AXLES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m4,9844,1842,000-52.2%-59.9%
Other incomeRs m9142153.4%141.2%
TurnoverRs m4,9924,1982,021-51.9%-59.5%
ExpensesRs m4,3953,6971,831-50.5%-58.3%
Gross profitRs m588468169-63.8%-71.2%
DepreciationRs m1239491-2.4%-25.4%
InterestRs m2331.5%64.5%
Profit before taxRs m47338495-75.2%-79.8%
TaxRs m15213833-76.1%-78.3%
Profit after taxRs m32124662-74.6%-80.5%
Gross profit margin%11.811.28.5
Effective tax rate%32.236.034.6
Net profit margin%6.45.93.1
* 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 fell 59.9% on a year-on-year (YoY) basis. The expenses were down by 58.3% YoY during the same period.
  • The company's operating profit declined by 71.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.5% in 2QFY20 as against 11.8% in 2QFY19.
  • Depreciation charges declined by 25.4% and finance costs increased by 64.5% YoY, respectively.
  • Other income increased by 141.2% YoY during the quarter.
  • Net profit for the quarter declined by 80.5% YoY. Net profit margins during the quarter declined from 6.4% in 2QFY19 to 3.1% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 52.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 50.5% QoQ during the same period.
  • The company's operating profit declined by 63.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.5% in 2QFY20 as against 11.2% in 1QFY19.
  • Net profit for the quarter declined by 74.6% QoQ, while net profit margins declined from 5.9% in 1QFY19 to 3.1% in 2QFY20.

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

Launched! Equitymaster's Biggest Wealth Creating Project Ever. Full Details Here...

AUTOMOTIVE AXLES Share Price Performance

Over the last one year,AUTOMOTIVE AXLES share price has moved down from Rs 1,274.7 to Rs 831.8, registering a Loss of Rs 443.0 or around 34.7%.

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 831.8, the price to earnings (P/E) ratio of AUTOMOTIVE AXLES stands at 13.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

Equitymaster requests your view! Post a comment on "AUTOMOTIVE AXLES Announces Quarterly Results (2QFY20); Net Profit Down 80.5%". Click here!

  

Related Views on News

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.

AUTOMOTIVE AXLES Announces Quarterly Results (4QFY19); Net Profit Up 5.9% (Quarterly Result Update)

May 14, 2019 | Updated on May 14, 2019

For the quarter ended March 2019, AUTOMOTIVE AXLES has posted a net profit of Rs 300 m (up 5.9% YoY). Sales on the other hand came in at Rs 5 bn (up 2.6% YoY). Read on for a complete analysis of AUTOMOTIVE AXLES's quarterly results.

Sandhar Technologies IPO: Worth Betting on This Automotive Component Manufacturer? (IPO)

Mar 17, 2018

Should you subscribe to the IPO of Sandhar Technologies Ltd?

More Views on News

Most Popular

Buy this 'Crorepati Stock' and You Could End Up Stinking Rich(Profit Hunter)

Feb 5, 2020

I'm talking about an individual small cap stock that could go up so many times that they make their investors stinking rich in the process. You definitely want to know more...

This Smallcap Stock Could be the Next Titan (Up 1,400% in 10 Years)(Profit Hunter)

Feb 11, 2020

A blueprint to latch on to the next 'Crorepati' stock - and an event I hope you won't miss on any account.

Will Your Trade Go Up or Down Today?(Fast Profits Daily)

Feb 5, 2020

How you can find out which way your trade is likely to move on any given trading day.

Will Algo Traders Take Away All Your Profits?(Fast Profits Daily)

Feb 11, 2020

How to fight back against algo trading systems.

No Change in My Long-Term View on the Rebirth of India Stocks(The 5 Minute Wrapup)

Feb 6, 2020

Why the recent post budget volatility has not affected my bullish view on the Rebirth of India stocks.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

AUTOMOTIVE AXLES SHARE PRICE


Feb 18, 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