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RAIN INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Down 140.5%

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RAIN INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Down 140.5%
Tue, 5 Mar

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

RAIN INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m31,44834,92234,441-1.4%9.5%
Other incomeRs m1981371509.3%-24.3%
TurnoverRs m31,64635,05934,590-1.3%9.3%
ExpensesRs m24,57529,81233,26011.6%35.3%
Gross profitRs m5,7395,1101,180-76.9%-79.4%
DepreciationRs m1,2601,3141,69128.7%34.2%
InterestRs m1,4651,1261,1411.4%-22.1%
Profit before taxRs m3,2122,807-1,502-153.5%-146.8%
TaxRs m37910-215-123.7%-677.6%
Profit after taxRs m3,1751,897-1,287-167.9%-140.5%
Gross profit margin%18.314.63.4
Effective tax rate%1.232.414.3
Net profit margin%10.05.4-3.7
* 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 grew 9.5% on a year-on-year (YoY) basis. The expenses were up by 35.3% YoY during the same period.
  • The company's operating profit declined by 79.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.4% in 3QFY19 as against 18.3% in 3QFY18.
  • Depreciation charges increased by 34.2% and finance costs declined by 22.1% YoY, respectively.
  • Other income declined by 24.3% YoY during the quarter.
  • Net profit for the quarter declined by 140.5% YoY. Net profit margins during the quarter declined from 10.0% in 3QFY18 to -3.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.6% QoQ during the same period.
  • The company's operating profit declined by 76.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.4% in 3QFY19 as against 14.6% in 2QFY18.
  • Net profit for the quarter declined by 167.9% QoQ, while net profit margins declined from 5.4% in 2QFY18 to -3.7% in 3QFY19.

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 up from Rs 369.2 to Rs 97.7, registering a Loss of Rs 271.5 or around 73.5%.

Overall, the S&P BSE SENSEX is up 6.1% over the year.

Current Valuations

At the current price of Rs 97.7, the price to earnings (P/E) ratio of RAIN INDUSTRIES stands at 5.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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RAIN INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Down 25.2% (Quarterly Result Update)

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For the quarter ended September 2018, RAIN INDUSTRIES has posted a net profit of Rs 2 bn (down 25.2% YoY). Sales on the other hand came in at Rs 35 bn (up 14.5% YoY). Read on for a complete analysis of RAIN INDUSTRIES's quarterly results.

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For the quarter ended March 2018, RAIN INDUSTRIES has posted a net profit of Rs 3 bn (up 310.8% YoY). Sales on the other hand came in at Rs 33 bn (up 30.4% YoY). Read on for a complete analysis of RAIN INDUSTRIES's quarterly results.

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