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E.I.D. PARRY Announces Quarterly Results (1QFY19); Net Profit Down 859.0%

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E.I.D. PARRY Announces Quarterly Results (1QFY19); Net Profit Down 859.0%
Fri, 10 Aug

E.I.D. PARRY has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

E.I.D. PARRY Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m33,99833,86533,626-0.7%-1.1%
Other incomeRs m305-8179-74.1%
TurnoverRs m34,30333,78433,705-0.2%-1.7%
ExpensesRs m32,33331,27432,8765.1%1.7%
Gross profitRs m1,6652,620746-71.5%-55.2%
DepreciationRs m612658630-4.3%2.8%
InterestRs m8549121,09520.1%28.2%
Profit before taxRs m503969-899-192.8%-278.7%
TaxRs m29357769620.7%137.6%
Profit after taxRs m210393-1,595-506.2%-859.0%
Gross profit margin%4.97.72.2
Effective tax rate%58.259.5-77.4
Net profit margin%0.61.2-4.7
* 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 1.1% on a year-on-year (YoY) basis. The expenses were up by 1.7% YoY during the same period.
  • The company's operating profit declined by 55.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.2% in 1QFY19 as against 4.9% in 1QFY18.
  • Depreciation charges and finance costs increased by 2.8% YoY and 28.2% YoY, respectively.
  • Other income declined by 74.1% YoY during the quarter.
  • Net profit for the quarter declined by 859.0% YoY. Net profit margins during the quarter declined from 0.6% in 1QFY18 to -4.7% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.1% QoQ during the same period.
  • The company's operating profit declined by 71.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.2% in 1QFY19 as against 7.7% in 4QFY18.
  • Net profit for the quarter declined by 506.2% QoQ, while net profit margins declined from 1.2% in 4QFY18 to -4.7% in 1QFY19.

To see how E.I.D. PARRY has performed over the last eight quarters, please visit here.

E.I.D. PARRY Share Price Performance

Over the last one year, E.I.D. PARRY share price has moved up from Rs 303.2 to Rs 224.0, registering a Loss of Rs 79.2 or around 26.1%.

Overall, the S&P BSE SENSEX is up 19.1% over the year.

Current Valuations

At the current price of Rs 224.0, the price to earnings (P/E) ratio of E.I.D. PARRY stands at 11.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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E.I.D. PARRY Announces Quarterly Results (1QFY20); Net Profit Up 98.5% (Quarterly Result Update)

Jul 31, 2019 | Updated on Jul 31, 2019

For the quarter ended June 2019, E.I.D. PARRY has posted a net profit of Rs 25 m (up 98.5% YoY). Sales on the other hand came in at Rs 31 bn (down 7.0% YoY). Read on for a complete analysis of E.I.D. PARRY's quarterly results.

E.I.D. PARRY Announces Quarterly Results (4QFY19); Net Profit Up 412.5% (Quarterly Result Update)

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For the quarter ended March 2019, E.I.D. PARRY has posted a net profit of Rs 2 bn (up 412.5% YoY). Sales on the other hand came in at Rs 37 bn (up 7.8% YoY). Read on for a complete analysis of E.I.D. PARRY's quarterly results.

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