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- OMAX AUTOS. Announces Quarterly Results (4QFY19); Net Profit Down 101.3%
OMAX AUTOS. Announces Quarterly Results (4QFY19); Net Profit Down 101.3%
Fri, 14 Jun
OMAX AUTOS. has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:
OMAX AUTOS. Quarterly Financials
| No. of Mths Qtr. Ending | 3 Mar-18* | 3 Dec-18* | 3 Mar-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 3,394 | 2,272 | 1,782 | -21.6% | -47.5% |
| Other income | Rs m | 56 | 34 | 36 | 3.3% | -36.2% |
| Turnover | Rs m | 3,450 | 2,306 | 1,817 | -21.2% | -47.3% |
| Expenses | Rs m | 3,202 | 2,158 | 1,694 | -21.5% | -47.1% |
| Gross profit | Rs m | 192 | 114 | 88 | -22.7% | -54.2% |
| Depreciation | Rs m | 50 | 50 | 39 | -23.3% | -22.8% |
| Interest | Rs m | 90 | 80 | 56 | -30.2% | -38.4% |
| Profit before tax | Rs m | 107 | 18 | 29 | 61.1% | -72.8% |
| Tax | Rs m | -24 | 2 | 31 | 1201.3% | |
| Profit after tax | Rs m | 132 | 16 | -2 | -111.0% | -101.3% |
| Gross profit margin | % | 5.7 | 5.0 | 4.9 | ||
| Effective tax rate | % | -22.6 | 13.1 | 106.0 | ||
| Net profit margin | % | 3.8 | 0.7 | -0.1 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 47.5% on a year-on-year (YoY) basis. The expenses were down by 47.1% YoY during the same period.
- The company's operating profit declined by 54.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.9% in 4QFY19 as against 5.7% in 4QFY18.
- Depreciation charges declined by 22.8% and finance costs declined by 38.4% YoY, respectively.
- Other income declined by 36.2% YoY during the quarter.
- Net profit for the quarter declined by 101.3% YoY. Net profit margins during the quarter declined from 3.8% in 4QFY18 to -0.1% in 4QFY19.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 21.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 21.5% QoQ during the same period.
- The company's operating profit declined by 22.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.9% in 4QFY19 as against 5.0% in 3QFY18.
- Net profit for the quarter declined by 111.0% QoQ, while net profit margins declined from 0.7% in 3QFY18 to -0.1% in 4QFY19.
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 184.0 to Rs 57.3, registering a Loss of Rs 126.7 or around 68.9%.
Overall, the S&P BSE SENSEX is up 10.9% over the year.
Current Valuations
At the current price of Rs 57.3, the price to earnings (P/E) ratio of OMAX AUTOS. stands at 165.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.
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Sep 16, 2019 | Updated on Sep 16, 2019Here's an analysis of the annual report of OMAX AUTOS. for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of OMAX AUTOS.. Also includes updates on the valuation of OMAX AUTOS..
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