BANNARI AMMAN Announces Quarterly Results (3QFY20); Net Profit Up 78.6%

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BANNARI AMMAN Announces Quarterly Results (3QFY20); Net Profit Up 78.6%
Fri, 14 Feb

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

BANNARI AMMAN Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m3,6194,3854,315-1.6%19.2%
Other incomeRs m881022.1%17.4%
TurnoverRs m3,6274,3934,325-1.6%19.2%
ExpensesRs m3,1363,8323,605-5.9%15.0%
Gross profitRs m48355371028.3%47.2%
DepreciationRs m1701621630.8%-3.9%
InterestRs m7693995.8%29.7%
Profit before taxRs m24530645849.6%87.0%
TaxRs m43799722.4%126.1%
Profit after taxRs m20222736159.1%78.6%
Gross profit margin%13.312.616.5
Effective tax rate%17.626.021.2
Net profit margin%5.65.28.3
* 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 19.2% on a year-on-year (YoY) basis. The expenses were up by 15.0% YoY during the same period.
  • The company's operating profit increased by 47.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.5% in 3QFY20 as against 13.3% in 3QFY19.
  • Depreciation charges declined by 3.9% and finance costs increased by 29.7% YoY, respectively.
  • Other income increased by 17.4% YoY during the quarter.
  • Net profit for the quarter increased by 78.6% YoY. Net profit margins during the quarter increased from 5.6% in 3QFY19 to 8.3% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.9% QoQ during the same period.
  • The company's operating profit increased by 28.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.5% in 3QFY20 as against 12.6% in 2QFY19.
  • Net profit for the quarter increased by 59.1% QoQ, while net profit margins increased from 5.2% in 2QFY19 to 8.3% in 3QFY20.

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

New Opportunity: India's #1 Defence Stock

BANNARI AMMAN Share Price Performance

Over the last one year,BANNARI AMMAN share price has moved up from Rs 1,455.0 to Rs 1,540.0, registering a Gain of Rs 85.0 or around 5.8%.

Overall, the S&P BSE SENSEX is up 14.8% over the year.

Current Valuations

At the current price of Rs 1,540.0, the price to earnings (P/E) ratio of BANNARI AMMAN stands at 22.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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BANNARI AMMAN Announces Quarterly Results (2QFY20); Net Profit Down 26.2% (Quarterly Result Update)

Nov 12, 2019 | Updated on Nov 12, 2019

For the quarter ended September 2019, BANNARI AMMAN has posted a net profit of Rs 227 m (down 26.2% YoY). Sales on the other hand came in at Rs 4 bn (up 84.5% YoY). Read on for a complete analysis of BANNARI AMMAN's quarterly results.

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

Aug 20, 2019 | Updated on Aug 20, 2019

For the quarter ended June 2019, BANNARI AMMAN has posted a net profit of Rs 56 m (up 85.1% YoY). Sales on the other hand came in at Rs 3 bn (up 7.5% YoY). Read on for a complete analysis of BANNARI AMMAN's quarterly results.

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