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

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E.I.D. PARRY Announces Quarterly Results (1QFY20); Net Profit Up 98.5%
Wed, 31 Jul

E.I.D. PARRY has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

E.I.D. PARRY Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m33,62636,51831,264-14.4%-7.0%
Other incomeRs m7919626937.1%240.3%
TurnoverRs m33,70536,71431,534-14.1%-6.4%
ExpensesRs m32,87631,81529,658-6.8%-9.8%
Gross profitRs m7464,6661,607-65.6%115.3%
DepreciationRs m630789691-12.4%9.8%
InterestRs m1,0951,1191,28815.1%17.7%
Profit before taxRs m-8992,954-104-103.5%
TaxRs m696941-79-108.4%-111.4%
Profit after taxRs m-1,5952,013-25-101.2%
Gross profit margin%2.212.85.1
Effective tax rate%-77.431.876.3
Net profit margin%-4.75.5-0.1
* 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 7.0% on a year-on-year (YoY) basis. The expenses were down by 9.8% YoY during the same period.
  • The company's operating profit increased by 115.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.1% in 1QFY20 as against 2.2% in 1QFY19.
  • Depreciation charges increased by 9.8% and finance costs increased by 17.7% YoY, respectively.
  • Other income increased by 240.3% YoY during the quarter.
  • Net profit for the quarter increased by 98.5% YoY. Net profit margins during the quarter increased from -4.7% in 1QFY19 to -0.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 14.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.8% QoQ during the same period.
  • The company's operating profit declined by 65.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.1% in 1QFY20 as against 12.8% in 4QFY19.
  • Net profit for the quarter declined by 101.2% QoQ, while net profit margins declined from 5.5% in 4QFY19 to -0.1% in 1QFY20.

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 down from Rs 227.0 to Rs 137.1, registering a Loss of Rs 89.9 or around 39.6%.

Overall, the S&P BSE SENSEX is down 0.7% over the year.

Current Valuations

At the current price of Rs 137.1, the price to earnings (P/E) ratio of E.I.D. PARRY stands at 4.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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Related Views on News

E.I.D. PARRY Announces Quarterly Results (3QFY20); Net Profit Up 81.2% (Quarterly Result Update)

Feb 11, 2020 | Updated on Feb 11, 2020

For the quarter ended December 2019, E.I.D. PARRY has posted a net profit of Rs 3 bn (up 81.2% YoY). Sales on the other hand came in at Rs 41 bn (up 9.9% 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)

May 9, 2019 | Updated on May 9, 2019

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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