RAIN INDUSTRIES Announces Quarterly Results (4QFY20); Net Profit Up 22.1%

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RAIN INDUSTRIES Announces Quarterly Results (4QFY20); Net Profit Up 22.1%
Fri, 29 May

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

RAIN INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m31,96528,30428,9772.4%-9.4%
Other incomeRs m191929129-86.1%-32.2%
TurnoverRs m32,15629,23429,106-0.4%-9.5%
ExpensesRs m28,44824,66324,503-0.6%-13.9%
Gross profitRs m3,5183,6414,47322.8%27.2%
DepreciationRs m1,2711,9481,793-8.0%41.1%
InterestRs m1,1341,1311,1955.7%5.4%
Profit before taxRs m1,3041,4921,6148.2%23.8%
TaxRs m37227547572.7%28.0%
Profit after taxRs m9321,2161,139-6.4%22.1%
Gross profit margin%11.012.915.4
Effective tax rate%28.518.529.5
Net profit margin%2.94.23.9
* 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 9.4% on a year-on-year (YoY) basis. The expenses were down by 13.9% YoY during the same period.
  • The company's operating profit increased by 27.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.4% in 4QFY20 as against 11.0% in 4QFY19.
  • Depreciation charges increased by 41.1% and finance costs increased by 5.4% YoY, respectively.
  • Other income declined by 32.2% YoY during the quarter.
  • Net profit for the quarter increased by 22.1% YoY. Net profit margins during the quarter increased from 2.9% in 4QFY19 to 3.9% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.6% QoQ during the same period.
  • The company's operating profit increased by 22.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.4% in 4QFY20 as against 12.9% in 3QFY19.
  • Net profit for the quarter declined by 6.4% QoQ, while net profit margins declined from 4.2% in 3QFY19 to 3.9% in 4QFY20.

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

Top Stock to Buy: One stock with crorepati potential

RAIN INDUSTRIES Share Price Performance

Over the last one year,RAIN INDUSTRIES share price has moved down from Rs 116.6 to Rs 78.5, registering a Loss of Rs 38.1 or around 32.7%.

Overall, the S&P BSE SENSEX is down 19.2% over the year.

Current Valuations

At the current price of Rs 78.5, the price to earnings (P/E) ratio of RAIN INDUSTRIES stands at 5.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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