GREENPLY INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Down 47.9%

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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 ChangeYoY Change
Net SalesRs m4,6293,4553,195-7.5%-31.0%
Other incomeRs m151010-3.1%-34.9%
TurnoverRs m4,6443,4653,205-7.5%-31.0%
ExpensesRs m4,0453,0752,854-7.2%-29.5%
Gross profitRs m583380341-10.2%-41.5%
DepreciationRs m1995452-3.3%-73.8%
InterestRs m-174340-8.2%
Profit before taxRs m416293259-11.6%-37.7%
TaxRs m59647314.1%24.0%
Profit after taxRs m357229186-18.7%-47.9%
Gross profit margin%12.611.010.7
Effective tax rate%14.221.928.3
Net profit margin%7.76.65.8
* 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 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, 2019

For 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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