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

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E.I.D. PARRY Announces Quarterly Results (3QFY20); Net Profit Up 81.2%
Tue, 11 Feb

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

E.I.D. PARRY Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m37,12656,76540,816-28.1%9.9%
Other incomeRs m54121032353.8%-40.2%
TurnoverRs m37,66756,97541,140-27.8%9.2%
ExpensesRs m33,94850,16836,047-28.1%6.2%
Gross profitRs m3,1746,5974,769-27.7%50.3%
DepreciationRs m6618128160.6%23.5%
InterestRs m9341,151904-21.4%-3.2%
Profit before taxRs m2,1204,8453,373-30.4%59.1%
TaxRs m6761,041756-27.3%11.9%
Profit after taxRs m1,4443,8052,616-31.2%81.2%
Gross profit margin%8.511.611.7
Effective tax rate%31.921.522.4
Net profit margin%3.86.76.4
* 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 9.9% on a year-on-year (YoY) basis. The expenses were up by 6.2% YoY during the same period.
  • The company's operating profit increased by 50.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.7% in 3QFY20 as against 8.5% in 3QFY19.
  • Depreciation charges increased by 23.5% and finance costs declined by 3.2% YoY, respectively.
  • Other income declined by 40.2% YoY during the quarter.
  • Net profit for the quarter increased by 81.2% YoY. Net profit margins during the quarter increased from 3.8% in 3QFY19 to 6.4% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 28.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 28.1% QoQ during the same period.
  • The company's operating profit declined by 27.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.7% in 3QFY20 as against 11.6% in 2QFY19.
  • Net profit for the quarter declined by 31.2% QoQ, while net profit margins declined from 6.7% in 2QFY19 to 6.4% in 3QFY20.

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

Last 2 Days: Discover India's #1 defence stock now

E.I.D. PARRY Share Price Performance

Over the last one year,E.I.D. PARRY share price has moved up from Rs 188.9 to Rs 224.2, registering a Gain of Rs 35.4 or around 18.7%.

Overall, the S&P BSE SENSEX is up 13.7% over the year.

Current Valuations

At the current price of Rs 224.2, the price to earnings (P/E) ratio of E.I.D. PARRY stands at 4.8 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)

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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