OMAX AUTOS. Announces Quarterly Results (3QFY19); Net Profit Down 87.4%

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OMAX AUTOS. Announces Quarterly Results (3QFY19); Net Profit Down 87.4%
Mon, 21 Jan

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

OMAX AUTOS. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m3,0563,0922,272-26.5%-25.7%
Other incomeRs m20303415.0%70.2%
TurnoverRs m3,0763,1222,306-26.1%-25.0%
ExpensesRs m2,8302,9952,158-27.9%-23.7%
Gross profitRs m22610011413.8%-49.8%
DepreciationRs m575450-6.6%-11.9%
InterestRs m7374807.1%8.8%
Profit before taxRs m1162181077.9%-84.4%
TaxRs m-8132-82.2%
Profit after taxRs m125-1216-87.4%
Gross profit margin%7.43.25.0
Effective tax rate%-7.2869.513.1
Net profit margin%4.1-0.40.7
* 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 25.7% on a year-on-year (YoY) basis. The expenses were down by 23.7% YoY during the same period.
  • The company's operating profit declined by 49.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.0% in 3QFY19 as against 7.4% in 3QFY18.
  • Depreciation charges declined by 11.9% and finance costs increased by 8.8% YoY, respectively.
  • Other income increased by 70.2% YoY during the quarter.
  • Net profit for the quarter declined by 87.4% YoY. Net profit margins during the quarter declined from 4.1% in 3QFY18 to 0.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 26.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 27.9% QoQ during the same period.
  • The company's operating profit increased by 13.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.0% in 3QFY19 as against 3.2% in 2QFY18.
  • Net profit for the quarter increased by 233.0% QoQ, while net profit margins increased from -0.4% in 2QFY18 to 0.7% in 3QFY19.

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 119.5 to Rs 81.1, registering a Loss of Rs 38.4 or around 32.1%.

Overall, the S&P BSE SENSEX is up 3.8% over the year.

Current Valuations

At the current price of Rs 81.1, the price to earnings (P/E) ratio of OMAX AUTOS. stands at 12.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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