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OMAX AUTOS. Announces Quarterly Results (1QFY19); Net Profit Down 102.4%

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OMAX AUTOS. Announces Quarterly Results (1QFY19); Net Profit Down 102.4%
Mon, 6 Aug

OMAX AUTOS. has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

OMAX AUTOS. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m2,7513,3942,771-18.4%0.7%
Other incomeRs m275628-49.8%4.4%
TurnoverRs m2,7773,4502,799-18.9%0.8%
ExpensesRs m2,8883,2022,669-16.7%-7.6%
Gross profitRs m-137192103-46.5%
DepreciationRs m5750547.2%-5.3%
InterestRs m659071-21.0%9.7%
Profit before taxRs m-2321076-94.7%
TaxRs m-12-240
Profit after taxRs m-2201325-96.0%
Gross profit margin%-5.05.73.7
Effective tax rate%5.3-22.68.4
Net profit margin%-7.93.80.2
* 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 grew 0.7% on a year-on-year (YoY) basis. The expenses were down by 7.6% YoY during the same period.
  • The company's operating profit declined by 174.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.7% in 1QFY19 as against 5.0% in 1QFY18.
  • Depreciation charges and finance costs declined by 5.3% YoY and 9.7% YoY, respectively.
  • Other income increased by 4.4% YoY during the quarter.
  • Net profit for the quarter declined by 102.4% YoY. Net profit margins during the quarter increased from -7.9% in 1QFY18 to 0.2% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 18.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.7% QoQ during the same period.
  • The company's operating profit declined by 46.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.7% in 1QFY19 as against 5.7% in 4QFY18.
  • Net profit for the quarter declined by 96.0% QoQ, while net profit margins declined from 3.8% in 4QFY18 to 0.2% in 1QFY19.

To see how OMAX AUTOS. has performed over the last eight quarters, please visit here.

OMAX AUTOS. Share Price Performance

Over the last one year, OMAX AUTOS. share price has moved up from Rs 75.1 to Rs 117.5, registering a Gain of Rs 42.5 or around 56.6%.

Overall, the S&P BSE SENSEX is up 0.5% over the year.

Current Valuations

At the current price of Rs 117.5, the price to earnings (P/E) ratio of OMAX AUTOS. stands at 8.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.2 times.

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