BANNARI AMMAN Announces Quarterly Results (1QFY20); Net Profit Up 85.1%

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BANNARI AMMAN Announces Quarterly Results (1QFY20); Net Profit Up 85.1%
Tue, 20 Aug

BANNARI AMMAN has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

BANNARI AMMAN Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m2,4272,8272,609-7.7%7.5%
Other incomeRs m24247-69.5%-69.1%
TurnoverRs m2,4512,8512,616-8.3%6.7%
ExpensesRs m2,1972,3242,229-4.1%1.4%
Gross profitRs m230503380-24.5%65.4%
DepreciationRs m165165159-3.6%-3.6%
InterestRs m5013115115.5%201.9%
Profit before taxRs m3823176-66.9%100.7%
TaxRs m8112191.5%158.8%
Profit after taxRs m3022056-74.7%85.1%
Gross profit margin%9.517.814.6
Effective tax rate%21.14.727.3
Net profit margin%1.27.72.1
* 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 grew 7.5% on a year-on-year (YoY) basis. The expenses were up by 1.4% YoY during the same period.
  • The company's operating profit increased by 65.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.6% in 1QFY20 as against 9.5% in 1QFY19.
  • Depreciation charges declined by 3.6% and finance costs increased by 201.9% YoY, respectively.
  • Other income declined by 69.1% YoY during the quarter.
  • Net profit for the quarter increased by 85.1% YoY. Net profit margins during the quarter increased from 1.2% in 1QFY19 to 2.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.1% QoQ during the same period.
  • The company's operating profit declined by 24.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.6% in 1QFY20 as against 17.8% in 4QFY19.
  • Net profit for the quarter declined by 74.7% QoQ, while net profit margins declined from 7.7% in 4QFY19 to 2.1% in 1QFY20.

To see how BANNARI AMMAN has performed over the last eight quarters,please visit here.

BANNARI AMMAN Share Price Performance

Over the last one year,BANNARI AMMAN share price has moved down from Rs 1,420.0 to Rs 1,330.0, registering a Loss of Rs 90.1 or around 6.3%.

Overall, the S&P BSE SENSEX is down 2.5% over the year.

Current Valuations

At the current price of Rs 1,330.0, the price to earnings (P/E) ratio of BANNARI AMMAN stands at 21.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

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