Amtek Auto Q4 Net Profit Soars By 61% To Rs 84.88 Crore

Amtek Auto one of the largest integrated component manufacturer in India, came up with its Q4 result for the quarter ended March 2014. The result was announced after the market hours yesterday (May 09, 2014). The result shows that the company has posted good set of numbers during this quarter.

The topline of Amtek Auto has increased by 66% on yearly basis to Rs 995 crore during Q4FY14. The EBITDA of the company stood at Rs 312.27 crore for Q4FY14, reporting a jump of more than 68% YoY. As far as the margin is concerned it has improved by 47 basis points to 31.38% during Q4FY14 as compared to the same quarter of previous year. 

On the expenses front, the total expense of the company has increased by around 63% on yearly basis to Rs 763 crore during the quarter ended March 2014. The total expenses has increased due to increase in cost of raw material (up by 34 basis points), other expense (up by 99 basis points) as compared to sales on yearly basis during Q4FY14. The increase in cost of raw material and other expenses led the EBITDA margin to grow at a slower rate during this quarter.

The company has posted net profit of Rs 84.88 crore, reporting a jump of 60.66% on yearly basis during Q4FY14, after excluding the extra ordinary profit of Rs 192.16 crore in Q4FY13 figures. Whereas, after including the extraordinary item the profit of the company has plunged by 65% on yearly basis.

On valuation front, the stock at CMP of Rs 185.7 per share is trading at 14.28x of its trailing 12 months of its earning. Today the scrip on BSE opened at Rs 188.3 up by almost 2 per cent from its previous close.