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

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AUTOMOTIVE AXLES Announces Quarterly Results (4QFY19); Net Profit Up 5.9%
Tue, 14 May

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

AUTOMOTIVE AXLES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m4,6914,8584,811-1.0%2.6%
Other incomeRs m975-34.4%-47.4%
TurnoverRs m4,7004,8654,816-1.0%2.5%
ExpensesRs m4,1444,3004,226-1.7%2.0%
Gross profitRs m5475585854.9%7.0%
DepreciationRs m119115100-12.7%-15.9%
InterestRs m220-91.6%-93.0%
Profit before taxRs m4354494909.1%12.5%
TaxRs m15214419032.6%24.8%
Profit after taxRs m283305300-1.9%5.9%
Gross profit margin%11.711.512.2
Effective tax rate%35.032.038.8
Net profit margin%6.06.36.2
* 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 grew 2.6% on a year-on-year (YoY) basis. The expenses were up by 2.0% YoY during the same period.
  • The company's operating profit increased by 7.0% YoY during the quarter. Consequently, operating profit margins remained same and stood at 12.2% in 4QFY19.
  • Depreciation charges declined by 15.9% and finance costs declined by 93.0% YoY, respectively.
  • Other income declined by 47.4% YoY during the quarter.
  • Net profit for the quarter increased by 5.9% YoY. Net profit margins during the quarter increased from 6.0% in 4QFY18 to 6.2% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.7% QoQ during the same period.
  • The company's operating profit increased by 4.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.2% in 4QFY19 as against 11.5% in 3QFY18.
  • Net profit for the quarter declined by 1.9% QoQ, while net profit margins declined from 6.3% in 3QFY18 to 6.2% in 4QFY19.

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 1,514.4 to Rs 1,085.3, registering a Loss of Rs 429.1 or around 28.3%.

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 1,085.3, the price to earnings (P/E) ratio of AUTOMOTIVE AXLES stands at 13.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.7 times.

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