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- GREENPLY INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Down 47.9%
GREENPLY INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Down 47.9%
Mon, 17 Feb
GREENPLY INDUSTRIES has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:
GREENPLY INDUSTRIES Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-18* | 3 Sep-19* | 3 Dec-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 4,629 | 3,455 | 3,195 | -7.5% | -31.0% |
| Other income | Rs m | 15 | 10 | 10 | -3.1% | -34.9% |
| Turnover | Rs m | 4,644 | 3,465 | 3,205 | -7.5% | -31.0% |
| Expenses | Rs m | 4,045 | 3,075 | 2,854 | -7.2% | -29.5% |
| Gross profit | Rs m | 583 | 380 | 341 | -10.2% | -41.5% |
| Depreciation | Rs m | 199 | 54 | 52 | -3.3% | -73.8% |
| Interest | Rs m | -17 | 43 | 40 | -8.2% | |
| Profit before tax | Rs m | 416 | 293 | 259 | -11.6% | -37.7% |
| Tax | Rs m | 59 | 64 | 73 | 14.1% | 24.0% |
| Profit after tax | Rs m | 357 | 229 | 186 | -18.7% | -47.9% |
| Gross profit margin | % | 12.6 | 11.0 | 10.7 | ||
| Effective tax rate | % | 14.2 | 21.9 | 28.3 | ||
| Net profit margin | % | 7.7 | 6.6 | 5.8 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 31.0% on a year-on-year (YoY) basis. The expenses were down by 29.5% YoY during the same period.
- The company's operating profit declined by 41.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.7% in 3QFY20 as against 12.6% in 3QFY19.
- Depreciation charges declined by 73.8% and finance costs declined by 341.7% YoY, respectively.
- Other income declined by 34.9% YoY during the quarter.
- Net profit for the quarter declined by 47.9% YoY. Net profit margins during the quarter declined from 7.7% in 3QFY19 to 5.8% in 3QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 7.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.2% QoQ during the same period.
- The company's operating profit declined by 10.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.7% in 3QFY20 as against 11.0% in 2QFY19.
- Net profit for the quarter declined by 18.7% QoQ, while net profit margins declined from 6.6% in 2QFY19 to 5.8% in 3QFY20.
To see how GREENPLY INDUSTRIES has performed over the last eight quarters,please visit here.
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GREENPLY INDUSTRIES Share Price Performance
Over the last one year,GREENPLY INDUSTRIES share price has moved up from Rs 128.7 to Rs 140.0, registering a Gain of Rs 11.3 or around 8.8%.
Overall, the S&P BSE SENSEX is up 14.4% over the year.
Current Valuations
At the current price of Rs 140.0, the price to earnings (P/E) ratio of GREENPLY INDUSTRIES stands at 20.1 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 (1QFY20); Net Profit Down 34.0% (Quarterly Result Update)
Aug 28, 2019 | Updated on Aug 28, 2019For the quarter ended June 2019, GREENPLY INDUSTRIES has posted a net profit of Rs 157 m (down 34.0% YoY). Sales on the other hand came in at Rs 3 bn (down 24.6% YoY). Read on for a complete analysis of GREENPLY INDUSTRIES's quarterly results.
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