ATUL AUTO Announces Quarterly Results (1QFY21); Net Profit Down 160.2%
Fri, 28 Aug

ATUL AUTO has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

ATUL AUTO Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m1,4771,126266-76.4%-82.0%
Other incomeRs m1043-15.8%-66.7%
TurnoverRs m1,4871,130269-76.2%-81.9%
ExpensesRs m1,2951,070338-68.4%-73.9%
Gross profitRs m18256-72-229.0%-139.6%
DepreciationRs m1616160.6%3.2%
InterestRs m22372.2%72.2%
Profit before taxRs m17442-88-311.0%-150.7%
TaxRs m624-21-588.1%-133.3%
Profit after taxRs m11338-68-280.1%-160.2%
Gross profit margin%12.35.0-27.2
Effective tax rate%35.410.023.2
Net profit margin%7.63.3-25.2
* 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 82.0% on a year-on-year (YoY) basis. The expenses were down by 73.9% YoY during the same period.
  • The company's operating profit declined by 139.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.2% in 1QFY21 as against 12.3% in 1QFY20.
  • Depreciation charges increased by 3.2% and finance costs increased by 72.2% YoY, respectively.
  • Other income declined by 66.7% YoY during the quarter.
  • Net profit for the quarter declined by 160.2% YoY. Net profit margins during the quarter declined from 7.6% in 1QFY20 to -25.2% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 76.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 68.4% QoQ during the same period.
  • The company's operating profit declined by 229.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.2% in 1QFY21 as against 5.0% in 4QFY20.
  • Net profit for the quarter declined by 280.1% QoQ, while net profit margins declined from 3.4% in 4QFY20 to -25.2% in 1QFY21.

To see how ATUL AUTO has performed over the last eight quarters,please visit here.

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ATUL AUTO Share Price Performance

Over the last one year,ATUL AUTO share price has moved down from Rs 217.8 to Rs 195.0, registering a Loss of Rs 22.8 or around 10.4%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 18,506.1 (up 0.3%). Over the last one year it has moved up from 15,784.0 to 18,506.1, a gain of 2,722 points (up 17.2%).

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 195.0, the price to earnings (P/E) ratio of ATUL AUTO stands at 12.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.