RALLIS Announces Quarterly Results (2QFY22); Net Profit Down 31.9%

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RALLIS Announces Quarterly Results (2QFY22); Net Profit Down 31.9%
Wed, 20 Oct

RALLIS has announced its results for the quarter ended September 2021. Here is a detailed performance review of the same:

RALLIS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-20*
3
Jun-21*
3
Sep-21*
QoQ ChangeYoY Change
Net SalesRs m7,2507,4057,278-1.7%0.4%
Other incomeRs m13170757.2%-42.6%
TurnoverRs m7,3817,4757,353-1.6%-0.4%
ExpensesRs m6,0836,1906,3983.4%5.2%
Gross profitRs m1,1841,215880-27.6%-25.7%
DepreciationRs m203185177-4.1%-12.7%
InterestRs m1491232.3%-12.1%
Profit before taxRs m1,0981,091765-29.9%-30.3%
TaxRs m268268201-25.0%-25.2%
Profit after taxRs m830823565-31.4%-31.9%
Gross profit margin%16.316.412.1
Effective tax rate%24.424.526.2
Net profit margin%11.211.07.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 0.4% on a year-on-year (YoY) basis. The expenses were up by 5.2% YoY during the same period.
  • The company's operating profit declined by 25.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.1% in 2QFY22 as against 16.3% in 2QFY21.
  • Depreciation charges declined by 12.7% and finance costs declined by 12.1% YoY, respectively.
  • Other income declined by 42.6% YoY during the quarter.
  • Net profit for the quarter declined by 31.9% YoY. Net profit margins during the quarter declined from 11.2% in 2QFY21 to 7.7% in 2QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.4% QoQ during the same period.
  • The company's operating profit declined by 27.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.1% in 2QFY22 as against 16.4% in 1QFY21.
  • Net profit for the quarter declined by 31.4% QoQ, while net profit margins declined from 11.0% in 1QFY21 to 7.7% in 2QFY22.

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 261.9 to Rs 284.1, registering a Gain of Rs 22.2 or around 8.5%.

Overall, the S&P BSE SENSEX is up 51.9% over the year.

Current Valuations

At the current price of Rs 284.1, the price to earnings (P/E) ratio of RALLIS stands at 28.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.5 times.

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