GUJ.AMB.EXP. Announces Quarterly Results (2QFY19); Net Profit Up 58.3%

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GUJ.AMB.EXP. Announces Quarterly Results (2QFY19); Net Profit Up 58.3%
Tue, 6 Nov

GUJ.AMB.EXP. has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

GUJ.AMB.EXP. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m7,7058,0427,763-3.5%0.7%
Other incomeRs m405118-65.3%-56.4%
TurnoverRs m7,7468,0927,781-3.8%0.5%
ExpensesRs m7,2297,0657,020-0.6%-2.9%
Gross profitRs m477977743-23.9%55.9%
DepreciationRs m1882352475.3%31.8%
InterestRs m416954-21.1%31.5%
Profit before taxRs m288724459-36.6%59.5%
TaxRs m78193127-34.0%62.7%
Profit after taxRs m209531331-37.5%58.3%
Gross profit margin%6.212.19.6
Effective tax rate%27.226.727.8
Net profit margin%2.76.64.3
* 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 0.7% on a year-on-year (YoY) basis. The expenses were down by 2.9% YoY during the same period.
  • The company's operating profit increased by 55.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.6% in 2QFY19 as against 6.2% in 2QFY18.
  • Depreciation charges increased by 31.8% and finance costs increased by 31.5% YoY, respectively.
  • Other income declined by 56.4% YoY during the quarter.
  • Net profit for the quarter increased by 58.3% YoY. Net profit margins during the quarter increased from 2.7% in 2QFY18 to 4.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.6% QoQ during the same period.
  • The company's operating profit declined by 23.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.6% in 2QFY19 as against 12.1% in 1QFY18.
  • Net profit for the quarter declined by 37.5% QoQ, while net profit margins declined from 6.5% in 1QFY18 to 4.3% in 2QFY19.

To see how GUJ.AMB.EXP. has performed over the last eight quarters, please visit here.

GUJ.AMB.EXP. Share Price Performance

Over the last one year, GUJ.AMB.EXP. share price has moved up from Rs 169.2 to Rs 241.6, registering a Gain of Rs 72.4 or around 42.8%.

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

Current Valuations

At the current price of Rs 241.6, the price to earnings (P/E) ratio of GUJ.AMB.EXP. stands at 14.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.3 times.

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