RALLIS Announces Quarterly Results (2QFY21); Net Profit Up 4.1%

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RALLIS Announces Quarterly Results (2QFY21); Net Profit Up 4.1%
Wed, 21 Oct

RALLIS has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

RALLIS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m7,4876,6277,2509.4%-3.2%
Other incomeRs m6811813111.1%92.8%
TurnoverRs m7,5556,7457,3819.4%-2.3%
ExpensesRs m6,3005,3446,08313.8%-3.5%
Gross profitRs m1,1871,2831,184-7.7%-0.2%
DepreciationRs m18617920313.3%9.0%
InterestRs m192014-28.9%-25.5%
Profit before taxRs m1,0491,2021,098-8.7%4.6%
TaxRs m252283268-5.2%6.4%
Profit after taxRs m797919830-9.7%4.1%
Gross profit margin%15.819.416.3
Effective tax rate%24.023.524.4
Net profit margin%10.613.611.2
* 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 3.2% on a year-on-year (YoY) basis. The expenses were down by 3.5% YoY during the same period.
  • The company's operating profit declined by 0.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 16.3% in 2QFY21.
  • Depreciation charges increased by 9.0% and finance costs declined by 25.5% YoY, respectively.
  • Other income increased by 92.8% YoY during the quarter.
  • Net profit for the quarter increased by 4.1% YoY. Net profit margins during the quarter increased from 10.6% in 2QFY20 to 11.2% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 13.8% QoQ during the same period.
  • The company's operating profit declined by 7.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.3% in 2QFY21 as against 19.4% in 1QFY20.
  • Net profit for the quarter declined by 9.7% QoQ, while net profit margins declined from 13.6% in 1QFY20 to 11.2% in 2QFY21.

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

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RALLIS Share Price Performance

Over the last one year, RALLIS share price has moved up from Rs 164.7 to Rs 265.0, registering a Gain of Rs 100.3 or around 60.9%.

Overall, the S&P BSE SENSEX is up 4.9% over the year.

Current Valuations

At the current price of Rs 265.0, the price to earnings (P/E) ratio of RALLIS stands at 24.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.0 times.

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