ASAHI SONGWON Announces Quarterly Results (2QFY20); Net Profit Up 48.3%
Tue, 15 Oct

ASAHI SONGWON has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

ASAHI SONGWON Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m839818716-12.5%-14.7%
Other incomeRs m-17040.0%
TurnoverRs m822818720-12.0%-12.4%
ExpensesRs m715747628-16.0%-12.2%
Gross profitRs m125718924.2%-29.1%
DepreciationRs m2021211.1%3.5%
InterestRs m11119-20.4%-18.3%
Profit before taxRs m77406357.9%-18.3%
TaxRs m24-14-16-166.5%
Profit after taxRs m53547946.1%48.3%
Gross profit margin%14.98.712.4
Effective tax rate%31.0-35.4-25.3
Net profit margin%6.46.610.9
* 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 14.7% on a year-on-year (YoY) basis. The expenses were down by 12.2% YoY during the same period.
  • The company's operating profit declined by 29.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.4% in 2QFY20 as against 14.9% in 2QFY19.
  • Depreciation charges increased by 3.5% and finance costs declined by 18.3% YoY, respectively.
  • Other income declined by 121.9% YoY during the quarter.
  • Net profit for the quarter increased by 48.3% YoY. Net profit margins during the quarter increased from 6.4% in 2QFY19 to 10.9% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.0% QoQ during the same period.
  • The company's operating profit increased by 24.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.4% in 2QFY20 as against 8.7% in 1QFY19.
  • Net profit for the quarter increased by 46.1% QoQ, while net profit margins increased from 6.6% in 1QFY19 to 10.9% in 2QFY20.

To see how ASAHI SONGWON has performed over the last eight quarters,please visit here.

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ASAHI SONGWON Share Price Performance

Over the last one year,ASAHI SONGWON share price has moved down from Rs 247.6 to Rs 139.9, registering a Loss of Rs 107.7 or around 43.5%.

Overall, the S&P BSE SENSEX is up 10.2% over the year.

Current Valuations

At the current price of Rs 139.9, the price to earnings (P/E) ratio of ASAHI SONGWON stands at 8.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.