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- GREENPLY INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 34.0%
GREENPLY INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 34.0%
Wed, 28 Aug
GREENPLY INDUSTRIES has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:
GREENPLY INDUSTRIES Quarterly Financials
| No. of Mths Qtr. Ending | 3 Jun-18* | 3 Mar-19* | 3 Jun-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 4,049 | 5,162 | 3,054 | -40.8% | -24.6% |
| Other income | Rs m | 18 | 141 | 10 | -92.7% | -43.9% |
| Turnover | Rs m | 4,067 | 5,303 | 3,065 | -42.2% | -24.6% |
| Expenses | Rs m | 3,590 | 4,628 | 2,728 | -41.1% | -24.0% |
| Gross profit | Rs m | 459 | 533 | 327 | -38.7% | -28.8% |
| Depreciation | Rs m | 119 | 200 | 53 | -73.5% | -55.3% |
| Interest | Rs m | 29 | 140 | 42 | -70.3% | 45.2% |
| Profit before tax | Rs m | 330 | 335 | 243 | -27.5% | -26.5% |
| Tax | Rs m | 92 | 65 | 85 | 32.0% | -7.2% |
| Profit after tax | Rs m | 238 | 270 | 157 | -41.8% | -34.0% |
| Gross profit margin | % | 11.3 | 10.3 | 10.7 | ||
| Effective tax rate | % | 27.8 | 19.3 | 35.2 | ||
| Net profit margin | % | 5.9 | 5.1 | 5.1 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 24.6% on a year-on-year (YoY) basis. The expenses were down by 24.0% YoY during the same period.
- The company's operating profit declined by 28.8% YoY during the quarter. Consequently, operating profit margins remained same and stood at 10.7% in 1QFY20.
- Depreciation charges declined by 55.3% and finance costs increased by 45.2% YoY, respectively.
- Other income declined by 43.9% YoY during the quarter.
- Net profit for the quarter declined by 34.0% YoY. Net profit margins during the quarter declined from 5.9% in 1QFY19 to 5.1% in 1QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 40.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 41.1% QoQ during the same period.
- The company's operating profit declined by 38.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.7% in 1QFY20 as against 10.3% in 4QFY19.
- Net profit for the quarter declined by 41.8% QoQ, while net profit margins increased from 5.1% in 4QFY19 to 5.1% in 1QFY20.
To see how GREENPLY INDUSTRIES has performed over the last eight quarters,please visit here.
GREENPLY INDUSTRIES Share Price Performance
Over the last one year,GREENPLY INDUSTRIES share price has moved down from Rs 201.4 to Rs 139.0, registering a Loss of Rs 62.4 or around 31.0%.
Overall, the S&P BSE SENSEX is down 3.2% over the year.
Current Valuations
At the current price of Rs 139.0, the price to earnings (P/E) ratio of GREENPLY INDUSTRIES stands at 18.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.
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GREENPLY INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Down 47.9% (Quarterly Result Update)
Feb 17, 2020 | Updated on Feb 17, 2020For the quarter ended December 2019, GREENPLY INDUSTRIES has posted a net profit of Rs 186 m (down 47.9% YoY). Sales on the other hand came in at Rs 3 bn (down 31.0% YoY). Read on for a complete analysis of GREENPLY INDUSTRIES's quarterly results.
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