AMTEK AUTO LIMITED
QUARTERLY & ANNUAL RESULTS
Q4 OF Yr-“Jul,2011-jun,2012”
Net
Sales in
Q4 (Q/e June’12) stands at Rs.531.10 Cr ; down by -9.41% from Q3 (Q/e
Mar,12)which stands at Rs.586.26 cr; and
Up by 8.31% from Q/E June 2911 which stands at Rs.490.34 Cr.
Total
Expenditure in
Q4 (Q/e June’12) stands at Rs.453.31; down by
-7.6% from Qtr ending Mar,2012 (Rs.490.59 cr); and up by 9.61% from Q1
ending June 2011 (Rs.413.56 Cr).
Both
Sales and Expenditure have increased YoY but expenditure has increased more
than Proportionately.
Profit before Interest, Dep. & Taxes in Q4 (Q/e June’12) stands at Rs.77.79;
down by -18.69% from Q/ending Mar,2012
(Rs. 95.67Cr); and up by 1.32% from Q4 ending June 2011 (Rs.76.78 Cr).
EBITDA is down 19% QoQ but is flat YoY.
Net
Profit in
Q4 (Q/e June’12) stands at Rs.115.59 Cr; up
by 75.54% from Q3 ending Mar,2012 (Rs.65.85 Cr); and also up from a Net loss of Rs.(-)89.85 cr
in Q4 ending Jun 2011.
Extraordinary
Items accounted for Rs.185.98 Cr in Q4 ending June 2011. This accounts for the
huge improvement YoY.
Diluted
EPS in Q4 (Q/e June’12) stands at Rs.5.19 compared to Rs.2.89 in Q3 (q/e Mar,12); and
Rs(-)3.82 in Q4/E June 2011.
52
week high/low price : Rs.159.00/83.90
Current
Market Price :Rs.93.30
At Profit from Operations stage –
Q4 is Rs.203.56 Cr; Q3 is Rs.141.56 cr;
and Q4 of last year is Rs.117.78 Cr.
At Profit Before Tax –
Q4 is Rs.163.20 cr; Q3 is Rs.95.44 cr; and Q4 LY is Rs.76.97 cr.
At Net Profit stage,
Q4 stands at Rs.115.59 cr; Q3 is Rs.65.85 cr; and Q4 LY is Rs. (-) 89.85 Cr.
Thus, the growth is reasonably good.
Paid up equity is
down to Rs.44.11 cr in Q4; from Rs.45.14 cr in Q3; and Rs.46.63 cr in Q4 LY - due
to Buy Back. Promoter stake has increased correspondingly to reduction in
Public shareholding. This reflects confidence of Promoters in company future.
ANNUAL RESULTS COMPARISON
(Y/E JUNE 2012 VS Y/E
JUNE2011)
Total Income
for ye 0612 stands at 2368.56 cr against 1960.20 cr in ye 0611.
Total Expenses
stands at Rs.1859.64 cr against Rs.1492.00 cr in last year.
Profit from Operations
stands at Rs.594.66 cr against Rs.468.20 cr LY.
Profit before tax
stands at Rs.409.06 against Rs.319.34 LY
Net Profit
stands at Rs.288.13 cr against Rs.81.82 (due to Extr.Items of Rs.186.31 cr)
Diluted EPS
stands at Rs.12.93 against Rs.3.83 LY.
Overall,
in AMTEK AUTO, auto segment contributes about 78% and non-auto segment
contributes the balance. AMTEK has excellent collaborations, and when Auto
sector performs reasonably, AMTEK can be expected to do very well. It is
supplying to almost all Companies in 2/3/4 wheeler segments in India,
At
Rs.93.30 current Market Price, the PE ratio comes to 7.22.
QUARETRLY RESULTS TABLE
|
AMTEK
AUTO
|
30-Jun-12
|
QoQ %
dif
|
31-Mar-12
|
YoY %
dif
|
30-Jun-11
|
31-Dec-11
|
30-Sep-11
|
|
Net
Sales
|
53110
|
-9.41
|
58626
|
8.31
|
49034
|
55883
|
52980
|
|
Total
Expenditure
|
45331
|
-7.6
|
49059
|
9.61
|
41356
|
46841
|
44733
|
|
Profit before Interest, Dep. & Taxes
|
7779
|
-18.69
|
9567
|
1.32
|
7678
|
9042
|
8247
|
|
Net
Profit
|
11559
|
75.54
|
6585
|
-228.65
|
-8985
|
5400
|
5269
|
|
Diluted
EPS
|
5.19
|
79.58
|
2.89
|
-235.86
|
-3.82
|
2.29
|
2.24
|
|
Net Sales
|
53110
|
-9.41
|
58626
|
8.31
|
49034
|
55883
|
52980
|
|
Changes
in inventories of FG / WIP / SIT
|
-892
|
54.86
|
-576
|
0
|
-892
|
-704
|
-366
|
|
materials
consumed
|
35020
|
-8.52
|
38283
|
9.11
|
32097
|
36111
|
33903
|
|
Employee
benefits
|
2061
|
-3.56
|
2137
|
0
|
2061
|
2189
|
2108
|
|
Depreciation
|
5477
|
0
|
5477
|
15.92
|
4725
|
5145
|
5138
|
|
Other
expenses
|
3665
|
-1.95
|
3738
|
11.3
|
3293
|
3712
|
3635
|
|
Total expenses
|
45331
|
-7.6
|
49059
|
9.61
|
41356
|
46841
|
44733
|
|
Profit
before tax
|
16320
|
71
|
9544
|
112.03
|
7697
|
7793
|
7249
|
|
Tax
Expenses
|
4761
|
60.9
|
2959
|
-348.49
|
-1916
|
2393
|
1980
|
|
Extraordinary
Items
|
-
|
-
|
18598
|
-
|
-
|
||
|
Net Profit
|
11559
|
75.54
|
6585
|
-8985
|
5400
|
5269
|
|
|
Face
Value (Rs )
|
2
|
0
|
2
|
0
|
2
|
2
|
2
|
|
Paid-up
Equity
|
4411
|
-2.28
|
4514
|
-5.4
|
4663
|
4663
|
4663
|
|
Basic
EPS
|
5.24
|
79.45
|
2.92
|
-236.1
|
-3.85
|
2.32
|
2.26
|
|
Diluted
EPS
|
5.19
|
79.58
|
2.89
|
-235.86
|
-3.82
|
2.29
|
2.24
|
|
Public
holding (%)
|
60.42
|
-1.47
|
61.32
|
-3.42
|
62.56
|
62.56
|
62.56
|
ABOUT
AMTEK GROUP
Amtek Auto Group, comprised of Amtek Auto, Amtek India
and Ahmednagar Forgings, is one of the largest integrated component
manufacturers in India, with a strong global presence. It has 43 world class
manufacturing facilities located in India (39) and Europe (4). With the
infrastructure and technology platform developed over 25 years, the Group is well
positioned in the Indian Auto and Non-Auto component markets.
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