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

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E.I.D. PARRY Announces Quarterly Results (4QFY19); Net Profit Up 412.5%
Thu, 9 May

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

E.I.D. PARRY Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m33,86537,12636,518-1.6%7.8%
Other incomeRs m-81541196-63.7%
TurnoverRs m33,78437,66736,714-2.5%8.7%
ExpensesRs m31,27433,94831,815-6.3%1.7%
Gross profitRs m2,6203,1744,66647.0%78.1%
DepreciationRs m65866178919.4%20.0%
InterestRs m9129341,11919.8%22.8%
Profit before taxRs m9692,1202,95439.3%204.7%
TaxRs m57767694139.2%63.1%
Profit after taxRs m3931,4442,01339.4%412.5%
Gross profit margin%7.78.512.8
Effective tax rate%59.531.931.8
Net profit margin%1.23.85.5
* 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 7.8% on a year-on-year (YoY) basis. The expenses were up by 1.7% YoY during the same period.
  • The company's operating profit increased by 78.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.8% in 4QFY19 as against 7.7% in 4QFY18.
  • Depreciation charges increased by 20.0% and finance costs increased by 22.8% YoY, respectively.
  • Other income declined by 342.0% YoY during the quarter.
  • Net profit for the quarter increased by 412.5% YoY. Net profit margins during the quarter increased from 1.2% in 4QFY18 to 5.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.3% QoQ during the same period.
  • The company's operating profit increased by 47.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.8% in 4QFY19 as against 8.5% in 3QFY18.
  • Net profit for the quarter increased by 39.4% QoQ, while net profit margins increased from 3.8% in 3QFY18 to 5.5% in 4QFY19.

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 261.6 to Rs 188.0, registering a Loss of Rs 73.6 or around 28.1%.

Overall, the S&P BSE SENSEX is up 6.9% over the year.

Current Valuations

At the current price of Rs 188.0, the price to earnings (P/E) ratio of E.I.D. PARRY stands at 7.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 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 (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.

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