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

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E.I.D. PARRY Announces Quarterly Results (3QFY19); Net Profit Up 33.8%
Mon, 4 Feb

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

E.I.D. PARRY Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m35,57958,38437,126-36.4%4.3%
Other incomeRs m77891541496.6%-30.5%
TurnoverRs m36,35858,47537,667-35.6%3.6%
ExpensesRs m32,06052,34833,948-35.1%5.9%
Gross profitRs m2,6185,8393,174-45.6%21.2%
DepreciationRs m6246446612.6%5.9%
InterestRs m7751,097934-14.8%20.5%
Profit before taxRs m1,9974,1892,120-49.4%6.1%
TaxRs m9181,681676-59.8%-26.4%
Profit after taxRs m1,0792,5081,444-42.4%33.8%
Gross profit margin%7.410.08.5
Effective tax rate%46.040.131.9
Net profit margin%3.04.33.8
* 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 4.3% on a year-on-year (YoY) basis. The expenses were up by 5.9% YoY during the same period.
  • The company's operating profit increased by 21.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.5% in 3QFY19 as against 7.4% in 3QFY18.
  • Depreciation charges increased by 5.9% and finance costs increased by 20.5% YoY, respectively.
  • Other income declined by 30.5% YoY during the quarter.
  • Net profit for the quarter increased by 33.8% YoY. Net profit margins during the quarter increased from 3.0% in 3QFY18 to 3.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 36.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 35.1% QoQ during the same period.
  • The company's operating profit declined by 45.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.5% in 3QFY19 as against 10.0% in 2QFY18.
  • Net profit for the quarter declined by 42.4% QoQ, while net profit margins declined from 4.3% in 2QFY18 to 3.8% in 3QFY19.

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 318.1 to Rs 200.5, registering a Loss of Rs 117.6 or around 37.0%.

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 200.5, the price to earnings (P/E) ratio of E.I.D. PARRY stands at 13.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.2 times.

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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)

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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