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E.I.D. PARRY Announces Quarterly Results (2QFY19); Net Profit Down 28.2%

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E.I.D. PARRY Announces Quarterly Results (2QFY19); Net Profit Down 28.2%
Mon, 12 Nov

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

E.I.D. PARRY Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m51,15333,62658,38473.6%14.1%
Other incomeRs m732799114.7%-87.6%
TurnoverRs m51,88633,70558,47573.5%12.7%
ExpensesRs m45,24132,87652,34859.2%15.7%
Gross profitRs m5,9127465,839682.7%-1.2%
DepreciationRs m6196306442.3%4.0%
InterestRs m8141,0951,0970.2%34.7%
Profit before taxRs m5,211-8994,189-19.6%
TaxRs m1,7206961,681141.4%-2.3%
Profit after taxRs m3,491-1,5952,508-28.2%
Gross profit margin%11.62.210.0
Effective tax rate%33.0-77.440.1
Net profit margin%6.7-4.74.3
* 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 14.1% on a year-on-year (YoY) basis. The expenses were up by 15.7% YoY during the same period.
  • The company's operating profit declined by 1.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.0% in 2QFY19 as against 11.6% in 2QFY18.
  • Depreciation charges increased by 4.0% and finance costs increased by 34.7% YoY, respectively.
  • Other income declined by 87.6% YoY during the quarter.
  • Net profit for the quarter declined by 28.2% YoY. Net profit margins during the quarter declined from 6.7% in 2QFY18 to 4.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 73.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 59.2% QoQ during the same period.
  • The company's operating profit increased by 682.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.0% in 2QFY19 as against 2.2% in 1QFY18.
  • Net profit for the quarter increased by 257.2% QoQ, while net profit margins increased from -4.7% in 1QFY18 to 4.3% in 2QFY19.

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 370.3 to Rs 230.3, registering a Loss of Rs 140.1 or around 37.8%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 230.3, the price to earnings (P/E) ratio of E.I.D. PARRY stands at 17.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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Related Views on News

E.I.D. PARRY Announces Quarterly Results (3QFY19); Net Profit Up 33.8% (Quarterly Result Update)

Feb 4, 2019 | Updated on Feb 4, 2019

For the quarter ended December 2018, E.I.D. PARRY has posted a net profit of Rs 1 bn (up 33.8% YoY). Sales on the other hand came in at Rs 37 bn (up 4.3% YoY). Read on for a complete analysis of E.I.D. PARRY's quarterly results.

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

Aug 10, 2018 | Updated on Aug 10, 2018

For the quarter ended June 2018, E.I.D. PARRY has posted a net profit of Rs 2 bn (down 859.0% YoY). Sales on the other hand came in at Rs 34 bn (down 1.1% YoY). Read on for a complete analysis of E.I.D. PARRY's quarterly results.

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