RAIN INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 51.7%

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RAIN INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 51.7%
Wed, 28 Aug

RAIN INDUSTRIES has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

RAIN INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m38,03331,96533,4164.5%-12.1%
Other incomeRs m9319124427.9%161.5%
TurnoverRs m38,12632,15633,6604.7%-11.7%
ExpensesRs m31,10928,44829,2162.7%-6.1%
Gross profitRs m6,9243,5184,19919.4%-39.3%
DepreciationRs m1,3161,2711,2830.9%-2.5%
InterestRs m1,1181,1341,1340.0%1.4%
Profit before taxRs m4,5831,3042,02755.5%-55.8%
TaxRs m1,54637255950.5%-63.8%
Profit after taxRs m3,0389321,46857.4%-51.7%
Gross profit margin%18.211.012.6
Effective tax rate%33.728.527.6
Net profit margin%8.02.94.4
* 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 12.1% on a year-on-year (YoY) basis. The expenses were down by 6.1% YoY during the same period.
  • The company's operating profit declined by 39.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.6% in 1QFY20 as against 18.2% in 1QFY19.
  • Depreciation charges declined by 2.5% and finance costs increased by 1.4% YoY, respectively.
  • Other income increased by 161.5% YoY during the quarter.
  • Net profit for the quarter declined by 51.7% YoY. Net profit margins during the quarter declined from 8.0% in 1QFY19 to 4.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.7% QoQ during the same period.
  • The company's operating profit increased by 19.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.6% in 1QFY20 as against 11.0% in 4QFY19.
  • Net profit for the quarter increased by 57.4% QoQ, while net profit margins increased from 2.9% in 4QFY19 to 4.4% in 1QFY20.

To see how RAIN INDUSTRIES has performed over the last eight quarters,please visit here.

RAIN INDUSTRIES Share Price Performance

Over the last one year,RAIN INDUSTRIES share price has moved down from Rs 204.9 to Rs 83.1, registering a Loss of Rs 121.8 or around 59.4%.

Overall, the S&P BSE SENSEX is down 2.7% over the year.

Current Valuations

At the current price of Rs 83.1, the price to earnings (P/E) ratio of RAIN INDUSTRIES stands at 9.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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