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INDO RAMA SYN. Announces Quarterly Results (2QFY19); Net Profit Down 85.1%

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INDO RAMA SYN. Announces Quarterly Results (2QFY19); Net Profit Down 85.1%
Wed, 14 Nov

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

INDO RAMA SYN. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m6,1803,5553,94410.9%-36.2%
Other incomeRs m911129.3%25.5%
TurnoverRs m6,1903,5663,95610.9%-36.1%
ExpensesRs m6,0213,5733,8898.8%-35.4%
Gross profitRs m159-1855-65.5%
DepreciationRs m2072112162.4%4.3%
InterestRs m23224532432.1%39.8%
Profit before taxRs m-270-463-473
TaxRs m-94-171-147
Profit after taxRs m-176-292-326
Gross profit margin%2.6-0.51.4
Effective tax rate%34.736.931.1
Net profit margin%-2.8-8.2-8.2
* 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 fell 36.2% on a year-on-year (YoY) basis. The expenses were down by 35.4% YoY during the same period.
  • The company's operating profit declined by 65.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.4% in 2QFY19 as against 2.6% in 2QFY18.
  • Depreciation charges increased by 4.3% and finance costs increased by 39.8% YoY, respectively.
  • Other income increased by 25.5% YoY during the quarter.
  • Net profit for the quarter declined by 85.1% YoY. Net profit margins during the quarter declined from -2.8% in 2QFY18 to -8.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.8% QoQ during the same period.
  • The company's operating profit increased by 406.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 1.4% in 2QFY19 as against 0.5% in 1QFY18.
  • Net profit for the quarter declined by 11.7% QoQ, while net profit margins declined from -8.2% in 1QFY18 to -8.2% in 2QFY19.

To see how INDO RAMA SYN. has performed over the last eight quarters, please visit here.

INDO RAMA SYN. Share Price Performance

Over the last one year, INDO RAMA SYN. share price has moved up from Rs 30.2 to Rs 19.5, registering a Loss of Rs 10.7 or around 35.3%.

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

Current Valuations

At the current price of Rs 19.5, the price to book value (P/BV) ratio of INDO RAMA SYN. stands at 0.7 times.

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INDO RAMA SYN. 2017-18 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

Here's an analysis of the annual report of INDO RAMA SYN. for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of INDO RAMA SYN.. Also includes updates on the valuation of INDO RAMA SYN..

INDO RAMA SYN. Announces Quarterly Results (1QFY19); Net Profit Down 87.5% (Quarterly Result Update)

Aug 20, 2018 | Updated on Aug 20, 2018

For the quarter ended June 2018, INDO RAMA SYN. has posted a net profit of Rs 292 m (down 87.5% YoY). Sales on the other hand came in at Rs 4 bn (down 45.4% YoY). Read on for a complete analysis of INDO RAMA SYN.'s quarterly results.

INDO RAMA SYN. Announces Quarterly Results (4QFY18); Net Profit Up 104.2% (Quarterly Result Update)

Jun 13, 2018 | Updated on Jun 13, 2018

For the quarter ended March 2018, INDO RAMA SYN. has posted a net profit of Rs 303 m (up 104.2% YoY). Sales on the other hand came in at Rs 5 bn (down 13.5% YoY). Read on for a complete analysis of INDO RAMA SYN.'s quarterly results.

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