OMAX AUTOS. Announces Quarterly Results (2QFY19); Net Profit Down 136.2%

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OMAX AUTOS. Announces Quarterly Results (2QFY19); Net Profit Down 136.2%
Fri, 9 Nov

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

OMAX AUTOS. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m2,8862,7713,09211.6%7.1%
Other incomeRs m1128306.9%182.9%
TurnoverRs m2,8972,7993,12211.5%7.8%
ExpensesRs m2,7492,6692,99512.2%9.0%
Gross profitRs m137103100-2.7%-27.3%
DepreciationRs m5654540.6%-3.4%
InterestRs m7871744.3%-5.0%
Profit before taxRs m1462-73.1%-88.8%
TaxRs m-190132689.6%
Profit after taxRs m335-12-326.1%-136.2%
Gross profit margin%4.83.73.2
Effective tax rate%-138.78.4869.5
Net profit margin%1.10.2-0.4
* 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 7.1% on a year-on-year (YoY) basis. The expenses were up by 9.0% YoY during the same period.
  • The company's operating profit declined by 27.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.2% in 2QFY19 as against 4.8% in 2QFY18.
  • Depreciation charges declined by 3.4% and finance costs declined by 5.0% YoY, respectively.
  • Other income increased by 182.9% YoY during the quarter.
  • Net profit for the quarter declined by 136.2% YoY. Net profit margins during the quarter declined from 1.1% in 2QFY18 to -0.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 12.2% QoQ during the same period.
  • The company's operating profit declined by 2.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.2% in 2QFY19 as against 3.7% in 1QFY18.
  • Net profit for the quarter declined by 326.1% QoQ, while net profit margins declined from 0.2% in 1QFY18 to -0.4% in 2QFY19.

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 70.0 to Rs 78.6, registering a Gain of Rs 8.6 or around 12.2%.

Overall, the S&P BSE SENSEX is up 5.4% over the year.

Current Valuations

At the current price of Rs 78.6, the price to earnings (P/E) ratio of OMAX AUTOS. stands at 6.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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