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BOMBAY RAYON F Announces Quarterly Results (2QFY19); Net Profit Down 1872.5%

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BOMBAY RAYON F Announces Quarterly Results (2QFY19); Net Profit Down 1872.5%
Fri, 23 Nov

BOMBAY RAYON F has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

BOMBAY RAYON F Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m6,7513,3432,294-31.4%-66.0%
Other incomeRs m91031199.0%238.0%
TurnoverRs m6,7603,3532,325-30.7%-65.6%
ExpensesRs m5,7336,6755,181-22.4%-9.6%
Gross profitRs m1,018-3,332-2,887-383.7%
DepreciationRs m3914004020.5%2.9%
InterestRs m8201,187895-24.6%9.1%
Profit before taxRs m-184-4,909-4,153
TaxRs m-38-1,517-1,281
Profit after taxRs m-146-3,392-2,872
Gross profit margin%15.1-99.7-125.9
Effective tax rate%20.830.930.9
Net profit margin%-2.2-101.2-123.5
* 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 66.0% on a year-on-year (YoY) basis. The expenses were down by 9.6% YoY during the same period.
  • The company's operating profit declined by 383.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 125.9% in 2QFY19 as against 15.1% in 2QFY18.
  • Depreciation charges increased by 2.9% and finance costs increased by 9.1% YoY, respectively.
  • Other income increased by 238.0% YoY during the quarter.
  • Net profit for the quarter declined by 1872.5% YoY. Net profit margins during the quarter declined from -2.2% in 2QFY18 to -123.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 31.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 22.4% QoQ during the same period.
  • The company's operating profit declined by 13.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 125.9% in 2QFY19 as against 99.7% in 1QFY18.
  • Net profit for the quarter increased by 15.3% QoQ, while net profit margins declined from -101.2% in 1QFY18 to -123.5% in 2QFY19.

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

BOMBAY RAYON F Share Price Performance

Over the last one year, BOMBAY RAYON F share price has moved up from Rs 166.4 to Rs 12.1, registering a Loss of Rs 154.2 or around 92.7%.

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 12.1, the price to book value (P/BV) ratio of BOMBAY RAYON F stands at 0.1 times.

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BOMBAY RAYON F 2017-18 Annual Report Analysis (Annual Result Update)

Jan 22, 2019 | Updated on Jan 22, 2019

Here's an analysis of the annual report of BOMBAY RAYON F for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of BOMBAY RAYON F. Also includes updates on the valuation of BOMBAY RAYON F.

BOMBAY RAYON F Announces Quarterly Results (4QFY18); Net Profit Up 300.7% (Quarterly Result Update)

Jun 14, 2018 | Updated on Jun 14, 2018

For the quarter ended March 2018, BOMBAY RAYON F has posted a net profit of Rs 2 bn (up 300.7% YoY). Sales on the other hand came in at Rs 6 bn (down 36.4% YoY). Read on for a complete analysis of BOMBAY RAYON F's quarterly results.

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