AUTOLINE INDUST. Announces Quarterly Results (3QFY19); Net Profit Down 16.5%

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AUTOLINE INDUST. Announces Quarterly Results (3QFY19); Net Profit Down 16.5%
Fri, 15 Feb

AUTOLINE INDUST. has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

AUTOLINE INDUST. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,0321,2211,046-14.3%1.4%
Other incomeRs m7111723.1%64.6%
TurnoverRs m1,0381,2221,057-13.5%1.8%
ExpensesRs m1,0361,1961,084-9.4%4.6%
Gross profitRs m-525-38-249.4%
DepreciationRs m565552-5.7%-7.2%
InterestRs m8783862.9%-1.4%
Profit before taxRs m-141-112-164
TaxRs m0000.0%0.0%
Profit after taxRs m-141-112-164
Gross profit margin%-0.52.1-3.6
Effective tax rate%0.00.00.0
Net profit margin%-13.6-9.1-15.5
* 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 1.4% on a year-on-year (YoY) basis. The expenses were up by 4.6% YoY during the same period.
  • The company's operating profit increased by 681.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.6% in 3QFY19 as against 0.5% in 3QFY18.
  • Depreciation charges declined by 7.2% and finance costs declined by 1.4% YoY, respectively.
  • Other income increased by 64.6% YoY during the quarter.
  • Net profit for the quarter declined by 16.5% YoY. Net profit margins during the quarter declined from -13.6% in 3QFY18 to -15.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 14.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.4% QoQ during the same period.
  • The company's operating profit declined by 249.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.6% in 3QFY19 as against 2.1% in 2QFY18.
  • Net profit for the quarter declined by 47.0% QoQ, while net profit margins declined from -9.2% in 2QFY18 to -15.5% in 3QFY19.

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

AUTOLINE INDUST. Share Price Performance

Over the last one year, AUTOLINE INDUST. share price has moved up from Rs 97.5 to Rs 54.6, registering a Loss of Rs 42.9 or around 44.0%.

Overall, the S&P BSE SENSEX is up 4.4% over the year.

Current Valuations

At the current price of Rs 54.6, the price to book value (P/BV) ratio of AUTOLINE INDUST. stands at 1.0 times.

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