BOMBAY DYEING Announces Quarterly Results (4QFY19); Net Profit Up 11187.9%

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BOMBAY DYEING Announces Quarterly Results (4QFY19); Net Profit Up 11187.9%
Tue, 7 May

BOMBAY DYEING has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

BOMBAY DYEING Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m7,5784,13327,864574.1%267.7%
Other incomeRs m7512047-60.6%-36.6%
TurnoverRs m7,6524,25327,911556.2%264.7%
ExpensesRs m5,2914,51414,013210.4%164.8%
Gross profitRs m976-38113,8511318.8%
DepreciationRs m7574751.2%0.5%
InterestRs m9271,1471,38620.9%49.6%
Profit before taxRs m50-1,48212,43725024.4%
TaxRs m-600760.0%
Profit after taxRs m110-1,48212,36011187.9%
Gross profit margin%12.9-9.249.7
Effective tax rate%-121.20.00.6
Net profit margin%1.4-34.844.3
* 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 grew 267.7% on a year-on-year (YoY) basis. The expenses were up by 164.8% YoY during the same period.
  • The company's operating profit increased by 1318.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 49.7% in 4QFY19 as against 12.9% in 4QFY18.
  • Depreciation charges increased by 0.5% and finance costs increased by 49.6% YoY, respectively.
  • Other income declined by 36.6% YoY during the quarter.
  • Net profit for the quarter increased by 11187.9% YoY. Net profit margins during the quarter increased from 1.4% in 4QFY18 to 44.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 574.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 210.4% QoQ during the same period.
  • The company's operating profit increased by 3734.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 49.7% in 4QFY19 as against 9.2% in 3QFY18.
  • Net profit for the quarter increased by 934.0% QoQ, while net profit margins increased from -34.8% in 3QFY18 to 44.3% in 4QFY19.

To see how BOMBAY DYEING has performed over the last eight quarters, please visit here.

BOMBAY DYEING Share Price Performance

Over the last one year, BOMBAY DYEING share price has moved up from Rs 310.1 to Rs 126.9, registering a Loss of Rs 183.2 or around 59.1%.

Overall, the S&P BSE SENSEX is up 9.9% over the year.

Current Valuations

At the current price of Rs 126.9, the price to earnings (P/E) ratio of BOMBAY DYEING stands at 2.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.1 times.

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For the quarter ended June 2019, BOMBAY DYEING has posted a net profit of Rs 276 m (up 129.5% YoY). Sales on the other hand came in at Rs 6 bn (up 63.2% YoY). Read on for a complete analysis of BOMBAY DYEING's quarterly results.

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