INDO RAMA SYN. Announces Quarterly Results (3QFY19); Net Profit Down 107.8%

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INDO RAMA SYN. Announces Quarterly Results (3QFY19); Net Profit Down 107.8%
Mon, 25 Feb

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

INDO RAMA SYN. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m5,2433,9445,08228.9%-3.1%
Other incomeRs m8121631.4%89.0%
TurnoverRs m5,2513,9565,09828.9%-2.9%
ExpensesRs m5,1083,8895,22334.3%2.3%
Gross profitRs m13555-141-356.6%-204.2%
DepreciationRs m206216205-5.1%-0.5%
InterestRs m2313243404.8%46.8%
Profit before taxRs m-294-473-670
TaxRs m-102-147-271
Profit after taxRs m-192-326-399
Gross profit margin%2.61.4-2.8
Effective tax rate%34.631.140.4
Net profit margin%-3.7-8.2-7.8
* 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 3.1% on a year-on-year (YoY) basis. The expenses were up by 2.3% YoY during the same period.
  • The company's operating profit declined by 204.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.8% in 3QFY19 as against 2.6% in 3QFY18.
  • Depreciation charges declined by 0.5% and finance costs increased by 46.8% YoY, respectively.
  • Other income increased by 89.0% YoY during the quarter.
  • Net profit for the quarter declined by 107.8% YoY. Net profit margins during the quarter declined from -3.7% in 3QFY18 to -7.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 28.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 34.3% QoQ during the same period.
  • The company's operating profit declined by 356.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.8% in 3QFY19 as against 1.4% in 2QFY18.
  • Net profit for the quarter declined by 22.3% QoQ, while net profit margins increased from -8.2% in 2QFY18 to -7.8% in 3QFY19.

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 35.3 to Rs 34.4, registering a Loss of Rs 0.9 or around 2.6%.

Overall, the S&P BSE SENSEX is up 6.3% over the year.

Current Valuations

At the current price of Rs 34.4, the price to book value (P/BV) ratio of INDO RAMA SYN. stands at 1.2 times.

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