RALLIS Announces Quarterly Results (3QFY19); Net Profit Down 44.8%

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RALLIS Announces Quarterly Results (3QFY19); Net Profit Down 44.8%
Mon, 21 Jan

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

RALLIS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m3,9026,5384,174-36.2%7.0%
Other incomeRs m378959-33.6%59.5%
TurnoverRs m3,9396,6274,233-36.1%7.5%
ExpensesRs m3,5275,3043,897-26.5%10.5%
Gross profitRs m3751,234276-77.6%-26.3%
DepreciationRs m1201201210.9%0.9%
InterestRs m12918110.3%51.2%
Profit before taxRs m2801,194196-83.6%-29.9%
TaxRs m3134359-82.9%90.6%
Profit after taxRs m249851138-83.8%-44.8%
Gross profit margin%9.618.96.6
Effective tax rate%11.028.829.9
Net profit margin%6.312.83.3
* 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 7.0% on a year-on-year (YoY) basis. The expenses were up by 10.5% YoY during the same period.
  • The company's operating profit declined by 26.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.6% in 3QFY19 as against 9.6% in 3QFY18.
  • Depreciation charges increased by 0.9% and finance costs increased by 51.2% YoY, respectively.
  • Other income increased by 59.5% YoY during the quarter.
  • Net profit for the quarter declined by 44.8% YoY. Net profit margins during the quarter declined from 6.3% in 3QFY18 to 3.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 36.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 26.5% QoQ during the same period.
  • The company's operating profit declined by 77.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.6% in 3QFY19 as against 18.9% in 2QFY18.
  • Net profit for the quarter declined by 83.8% QoQ, while net profit margins declined from 12.8% in 2QFY18 to 3.3% in 3QFY19.

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

RALLIS Share Price Performance

Over the last one year, RALLIS share price has moved up from Rs 267.2 to Rs 166.0, registering a Loss of Rs 101.2 or around 37.9%.

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

Current Valuations

At the current price of Rs 166.0, the price to earnings (P/E) ratio of RALLIS stands at 18.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.

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