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- BOMBAY RAYON F Announces Quarterly Results (3QFY19); Net Profit Down 1830.6%
BOMBAY RAYON F Announces Quarterly Results (3QFY19); Net Profit Down 1830.6%
Mon, 25 Feb
BOMBAY RAYON F has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:
BOMBAY RAYON F Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-17* | 3 Sep-18* | 3 Dec-18* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 7,372 | 2,294 | 1,901 | -17.1% | -74.2% |
| Other income | Rs m | 53 | 31 | 75 | 140.5% | 41.9% |
| Turnover | Rs m | 7,425 | 2,325 | 1,976 | -15.0% | -73.4% |
| Expenses | Rs m | 6,504 | 5,181 | 7,407 | 43.0% | 13.9% |
| Gross profit | Rs m | 868 | -2,887 | -5,506 | -734.1% | |
| Depreciation | Rs m | 392 | 402 | 402 | 0.0% | 2.7% |
| Interest | Rs m | 897 | 895 | 1,232 | 37.6% | 37.3% |
| Profit before tax | Rs m | -368 | -4,153 | -7,065 | ||
| Tax | Rs m | -116 | -1,281 | -2,201 | ||
| Profit after tax | Rs m | -252 | -2,872 | -4,863 | ||
| Gross profit margin | % | 11.8 | -125.9 | -289.6 | ||
| Effective tax rate | % | 31.5 | 30.9 | 31.2 | ||
| Net profit margin | % | -3.4 | -123.5 | -246.1 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 74.2% on a year-on-year (YoY) basis. The expenses were up by 13.9% YoY during the same period.
- The company's operating profit declined by 734.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 289.6% in 3QFY19 as against 11.8% in 3QFY18.
- Depreciation charges increased by 2.7% and finance costs increased by 37.3% YoY, respectively.
- Other income increased by 41.9% YoY during the quarter.
- Net profit for the quarter declined by 1830.6% YoY. Net profit margins during the quarter declined from -3.4% in 3QFY18 to -246.1% in 3QFY19.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 17.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 43.0% QoQ during the same period.
- The company's operating profit declined by 90.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 289.6% in 3QFY19 as against 125.9% in 2QFY18.
- Net profit for the quarter declined by 69.3% QoQ, while net profit margins declined from -123.5% in 2QFY18 to -246.1% in 3QFY19.
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 64.0 to Rs 9.2, registering a Loss of Rs 54.8 or around 85.7%.
Overall, the S&P BSE SENSEX is up 6.3% over the year.
Current Valuations
At the current price of Rs 9.2, the price to book value (P/BV) ratio of BOMBAY RAYON F stands at 0.0 times.
Related Views on News
BOMBAY RAYON F Announces Quarterly Results (4QFY19); Net Profit Down 142.2% (Quarterly Result Update)
Jun 12, 2019 | Updated on Jun 12, 2019For the quarter ended March 2019, BOMBAY RAYON F has posted a net profit of Rs 6 bn (down 142.2% YoY). Sales on the other hand came in at Rs 2 bn (down 71.0% YoY). Read on for a complete analysis of BOMBAY RAYON F's quarterly results.
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