RAIN INDUSTRIES Announces Quarterly Results (1QFY21); Net Profit Down 76.6%

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RAIN INDUSTRIES Announces Quarterly Results (1QFY21); Net Profit Down 76.6%
Tue, 25 Aug

RAIN INDUSTRIES has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

RAIN INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m33,41628,97723,608-18.5%-29.3%
Other incomeRs m244129266105.4%8.9%
TurnoverRs m33,66029,10623,874-18.0%-29.1%
ExpensesRs m29,21624,50320,092-18.0%-31.2%
Gross profitRs m4,1994,4733,517-21.4%-16.3%
DepreciationRs m1,2831,7931,8814.9%46.6%
InterestRs m1,1341,1951,2434.0%9.6%
Profit before taxRs m2,0271,614659-59.2%-67.5%
TaxRs m559475315-33.8%-43.7%
Profit after taxRs m1,4681,139344-69.8%-76.6%
Gross profit margin%12.615.414.9
Effective tax rate%27.629.547.8
Net profit margin%4.43.91.4
* 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 29.3% on a year-on-year (YoY) basis. The expenses were down by 31.2% YoY during the same period.
  • The company's operating profit declined by 16.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.9% in 1QFY21 as against 12.6% in 1QFY20.
  • Depreciation charges increased by 46.6% and finance costs increased by 9.6% YoY, respectively.
  • Other income increased by 8.9% YoY during the quarter.
  • Net profit for the quarter declined by 76.6% YoY. Net profit margins during the quarter declined from 4.4% in 1QFY20 to 1.4% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 18.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.0% QoQ during the same period.
  • The company's operating profit declined by 21.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.9% in 1QFY21 as against 15.4% in 4QFY20.
  • Net profit for the quarter declined by 69.8% QoQ, while net profit margins declined from 3.9% in 4QFY20 to 1.4% in 1QFY21.

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

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RAIN INDUSTRIES Share Price Performance

Over the last one year,RAIN INDUSTRIES share price has moved up from Rs 80.4 to Rs 120.9, registering a Gain of Rs 40.6 or around 50.5%.

Overall, the S&P BSE SENSEX is up 3.8% over the year.

Current Valuations

At the current price of Rs 120.9, the price to earnings (P/E) ratio of RAIN INDUSTRIES stands at 11.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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