OMAX AUTOS. Announces Quarterly Results (4QFY19); Net Profit Down 101.3%

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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 ChangeYoY Change
Net SalesRs m3,3942,2721,782-21.6%-47.5%
Other incomeRs m5634363.3%-36.2%
TurnoverRs m3,4502,3061,817-21.2%-47.3%
ExpensesRs m3,2022,1581,694-21.5%-47.1%
Gross profitRs m19211488-22.7%-54.2%
DepreciationRs m505039-23.3%-22.8%
InterestRs m908056-30.2%-38.4%
Profit before taxRs m107182961.1%-72.8%
TaxRs m-242311201.3%
Profit after taxRs m13216-2-111.0%-101.3%
Gross profit margin%5.75.04.9
Effective tax rate%-22.613.1106.0
Net profit margin%3.80.7-0.1
* 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 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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