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GREENPLY IND Announces Quarterly Results (2QFY19); Net Profit Down 60.8%

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GREENPLY IND Announces Quarterly Results (2QFY19); Net Profit Down 60.8%
Wed, 14 Nov

GREENPLY IND has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

GREENPLY IND Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m4,4614,0494,48310.7%0.5%
Other incomeRs m10182748.9%172.9%
TurnoverRs m4,4714,0674,51010.9%0.9%
ExpensesRs m3,8243,5904,06713.3%6.4%
Gross profitRs m637459416-9.3%-34.7%
DepreciationRs m11411917345.6%51.8%
InterestRs m2329235721.6%922.4%
Profit before taxRs m51133036-89.1%-93.0%
TaxRs m14792-107-216.1%-172.6%
Profit after taxRs m364238143-40.1%-60.8%
Gross profit margin%14.311.39.3
Effective tax rate%28.827.8-296.9
Net profit margin%8.15.93.2
* 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 0.5% on a year-on-year (YoY) basis. The expenses were up by 6.4% YoY during the same period.
  • The company's operating profit declined by 34.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.3% in 2QFY19 as against 14.3% in 2QFY18.
  • Depreciation charges increased by 51.8% and finance costs increased by 922.4% YoY, respectively.
  • Other income increased by 172.9% YoY during the quarter.
  • Net profit for the quarter declined by 60.8% YoY. Net profit margins during the quarter declined from 8.1% in 2QFY18 to 3.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 13.3% QoQ during the same period.
  • The company's operating profit declined by 9.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.3% in 2QFY19 as against 11.3% in 1QFY18.
  • Net profit for the quarter declined by 40.1% QoQ, while net profit margins declined from 5.9% in 1QFY18 to 3.2% in 2QFY19.

To see how GREENPLY IND has performed over the last eight quarters, please visit here.

GREENPLY IND Share Price Performance

Over the last one year, GREENPLY IND share price has moved up from Rs 315.5 to Rs 141.1, registering a Loss of Rs 174.5 or around 55.3%.

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 141.1, the price to earnings (P/E) ratio of GREENPLY IND stands at 15.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.9 times.

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