GREENPLY INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 34.0%

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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 ChangeYoY Change
Net SalesRs m4,0495,1623,054-40.8%-24.6%
Other incomeRs m1814110-92.7%-43.9%
TurnoverRs m4,0675,3033,065-42.2%-24.6%
ExpensesRs m3,5904,6282,728-41.1%-24.0%
Gross profitRs m459533327-38.7%-28.8%
DepreciationRs m11920053-73.5%-55.3%
InterestRs m2914042-70.3%45.2%
Profit before taxRs m330335243-27.5%-26.5%
TaxRs m92658532.0%-7.2%
Profit after taxRs m238270157-41.8%-34.0%
Gross profit margin%11.310.310.7
Effective tax rate%27.819.335.2
Net profit margin%5.95.15.1
* 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 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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