INDO RAMA SYN. Announces Quarterly Results (4QFY19); Net Profit Down 459.0%

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INDO RAMA SYN. Announces Quarterly Results (4QFY19); Net Profit Down 459.0%
Fri, 17 May

INDO RAMA SYN. has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

INDO RAMA SYN. Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m5,1995,0824,364-14.1%-16.1%
Other incomeRs m121610-32.9%-10.3%
TurnoverRs m5,2115,0984,374-14.2%-16.1%
ExpensesRs m5,1275,2235,2300.1%2.0%
Gross profitRs m-1-141-2,018
DepreciationRs m216205199-2.8%-7.7%
InterestRs m24334040519.1%66.5%
Profit before taxRs m-448-670-2,611
TaxRs m-145-271-917
Profit after taxRs m-303-399-1,693
Gross profit margin%0.0-2.8-46.2
Effective tax rate%32.440.435.1
Net profit margin%-5.8-7.8-38.7
* 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 16.1% on a year-on-year (YoY) basis. The expenses were up by 2.0% YoY during the same period.
  • The company's operating profit increased by 168033.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 46.2% in 4QFY19 as against 0.0% in 4QFY18.
  • Depreciation charges declined by 7.7% and finance costs increased by 66.5% YoY, respectively.
  • Other income declined by 10.3% YoY during the quarter.
  • Net profit for the quarter declined by 459.0% YoY. Net profit margins during the quarter declined from -5.8% in 4QFY18 to -38.7% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 14.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.1% QoQ during the same period.
  • The company's operating profit declined by 1331.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 46.2% in 4QFY19 as against 2.8% in 3QFY18.
  • Net profit for the quarter declined by 324.3% QoQ, while net profit margins declined from -7.8% in 3QFY18 to -38.7% in 4QFY19.

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 27.6 to Rs 35.7, registering a Gain of Rs 8.1 or around 29.2%.

Overall, the S&P BSE SENSEX is up 6.2% over the year.

Current Valuations

At the current price of Rs 35.7, the price to book value (P/BV) ratio of INDO RAMA SYN. stands at 1.3 times.

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For the quarter ended June 2019, INDO RAMA SYN. has posted a net profit of Rs 300 m (down 2.9% YoY). Sales on the other hand came in at Rs 5 bn (up 50.0% YoY). Read on for a complete analysis of INDO RAMA SYN.'s quarterly results.

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

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