MUNJAL SHOWA Announces Quarterly Results (2QFY20); Net Profit Down 39.8%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

MUNJAL SHOWA Announces Quarterly Results (2QFY20); Net Profit Down 39.8%
Tue, 12 Nov

MUNJAL SHOWA has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

MUNJAL SHOWA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m4,6563,8803,522-9.2%-24.4%
Other incomeRs m40486026.4%51.2%
TurnoverRs m4,6963,9273,582-8.8%-23.7%
ExpensesRs m4,3573,6383,388-6.9%-22.3%
Gross profitRs m299242134-44.6%-55.2%
DepreciationRs m675851-12.6%-24.8%
InterestRs m1011400.0%50.0%
Profit before taxRs m271232143-38.3%-47.3%
TaxRs m817528-61.9%-65.0%
Profit after taxRs m190157115-27.1%-39.8%
Gross profit margin%6.46.23.8
Effective tax rate%29.932.219.8
Net profit margin%4.14.03.2
* 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 fell 24.4% on a year-on-year (YoY) basis. The expenses were down by 22.3% YoY during the same period.
  • The company's operating profit declined by 55.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.8% in 2QFY20 as against 6.4% in 2QFY19.
  • Depreciation charges declined by 24.8% and finance costs increased by 50.0% YoY, respectively.
  • Other income increased by 51.2% YoY during the quarter.
  • Net profit for the quarter declined by 39.8% YoY. Net profit margins during the quarter declined from 4.1% in 2QFY19 to 3.2% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.9% QoQ during the same period.
  • The company's operating profit declined by 44.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.8% in 2QFY20 as against 6.2% in 1QFY19.
  • Net profit for the quarter declined by 27.1% QoQ, while net profit margins declined from 4.0% in 1QFY19 to 3.2% in 2QFY20.

To see how MUNJAL SHOWA has performed over the last eight quarters,please visit here.

Watch Now: Replay of Our Explosive Profits Summit

MUNJAL SHOWA Share Price Performance

Over the last one year,MUNJAL SHOWA share price has moved down from Rs 185.0 to Rs 132.1, registering a Loss of Rs 53.0 or around 28.6%.

Overall, the S&P BSE SENSEX is up 15.9% over the year.

Current Valuations

At the current price of Rs 132.1, the price to earnings (P/E) ratio of MUNJAL SHOWA stands at 9.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

Equitymaster requests your view! Post a comment on "MUNJAL SHOWA Announces Quarterly Results (2QFY20); Net Profit Down 39.8%". Click here!

  

Related Views on News

MUNJAL SHOWA Announces Quarterly Results (3QFY20); Net Profit Down 59.5% (Quarterly Result Update)

Jan 30, 2020 | Updated on Jan 30, 2020

For the quarter ended December 2019, MUNJAL SHOWA has posted a net profit of Rs 50 m (down 59.5% YoY). Sales on the other hand came in at Rs 3 bn (down 22.4% YoY). Read on for a complete analysis of MUNJAL SHOWA's quarterly results.

MUNJAL SHOWA 2018-19 Annual Report Analysis (Annual Result Update)

Sep 16, 2019 | Updated on Sep 16, 2019

Here's an analysis of the annual report of MUNJAL SHOWA for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of MUNJAL SHOWA. Also includes updates on the valuation of MUNJAL SHOWA.

MUNJAL SHOWA Announces Quarterly Results (1QFY20); Net Profit Down 9.4% (Quarterly Result Update)

Aug 2, 2019 | Updated on Aug 2, 2019

For the quarter ended June 2019, MUNJAL SHOWA has posted a net profit of Rs 157 m (down 9.4% YoY). Sales on the other hand came in at Rs 4 bn (down 12.3% YoY). Read on for a complete analysis of MUNJAL SHOWA's quarterly results.

MUNJAL SHOWA 2017-18 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

Here's an analysis of the annual report of MUNJAL SHOWA for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of MUNJAL SHOWA. Also includes updates on the valuation of MUNJAL SHOWA.

More Views on News

Most Popular

Not Infosys or Wipro. India's Next Wealth Creators Could Be Drone Stocks(Profit Hunter)

Nov 25, 2020

India's drones directorate signals the next big defence tech multibaggers.

It's Time to Book Profits(Fast Profits Daily)

Nov 27, 2020

In my first video on Equitymaster, I want to introduce you my proprietary greed and fear index. It's telling us to book some profits in the market.

How the New Margins Will Impact You(Fast Profits Daily)

Nov 25, 2020

The new rules on margins will come into effect from 1st December. Are you ready?

Is this Sector the Best Contrarian Bet Right Now?(Profit Hunter)

Nov 23, 2020

The risk reward ratio in this beaten down sector may have finally turned for the better.

The Price of Dying, the Cost of Living(The Honest Truth)

Nov 20, 2020

Ajit Dayal presents a cost benefit analysis of the various types of response to covid around the world.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

MUNJAL SHOWA SHARE PRICE


Dec 1, 2020 03:36 PM

TRACK MUNJAL SHOWA

  • Track your investment in MUNJAL SHOWA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MUNJAL SHOWA - WHEELS INDIA COMPARISON

COMPARE MUNJAL SHOWA WITH

MARKET STATS