RALLIS Announces Quarterly Results (3QFY21); Net Profit Up 19.9%

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RALLIS Announces Quarterly Results (3QFY21); Net Profit Up 19.9%
Tue, 19 Jan

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

RALLIS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m5,3367,2505,705-21.3%6.9%
Other incomeRs m10113176-41.5%-24.2%
TurnoverRs m5,4377,3815,781-21.7%6.3%
ExpensesRs m4,7796,0835,104-16.1%6.8%
Gross profitRs m5571,184662-44.1%18.8%
DepreciationRs m160203110-45.6%-30.8%
InterestRs m16148-43.6%-49.7%
Profit before taxRs m4831,098621-43.5%28.5%
TaxRs m103268164-38.8%60.1%
Profit after taxRs m381830456-45.0%19.9%
Gross profit margin%10.416.311.6
Effective tax rate%21.224.426.4
Net profit margin%7.011.27.9
* 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 grew 6.9% on a year-on-year (YoY) basis. The expenses were up by 6.8% YoY during the same period.
  • The company's operating profit increased by 18.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.6% in 3QFY21 as against 10.4% in 3QFY20.
  • Depreciation charges declined by 30.8% and finance costs declined by 49.7% YoY, respectively.
  • Other income declined by 24.2% YoY during the quarter.
  • Net profit for the quarter increased by 19.9% YoY. Net profit margins during the quarter increased from 7.0% in 3QFY20 to 7.9% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 21.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.1% QoQ during the same period.
  • The company's operating profit declined by 44.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.6% in 3QFY21 as against 16.3% in 2QFY20.
  • Net profit for the quarter declined by 45.0% QoQ, while net profit margins declined from 11.2% in 2QFY20 to 7.9% in 3QFY21.

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 220.5 to Rs 285.3, registering a Gain of Rs 64.8 or around 29.4%.

Overall, the S&P BSE SENSEX is up 18.0% over the year.

Current Valuations

At the current price of Rs 285.3, the price to earnings (P/E) ratio of RALLIS stands at 25.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.9 times.

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RALLIS Announces Quarterly Results (1QFY22); Net Profit Down 10.4% (Quarterly Result Update)

Jul 22, 2021 | Updated on Jul 22, 2021

For the quarter ended June 2021, RALLIS has posted a net profit of Rs 823 m (down 10.4% YoY). Sales on the other hand came in at Rs 7 bn (up 11.7% YoY). Read on for a complete analysis of RALLIS's quarterly results.

RALLIS 2019-20 Annual Report Analysis (Annual Result Update)

Dec 10, 2020 | Updated on Dec 10, 2020

Here's an analysis of the annual report of RALLIS for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of RALLIS. Also includes updates on the valuation of RALLIS.

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

Oct 21, 2020 | Updated on Oct 21, 2020

For the quarter ended September 2020, RALLIS has posted a net profit of Rs 830 m (up 4.1% YoY). Sales on the other hand came in at Rs 7 bn (down 3.2% YoY). Read on for a complete analysis of RALLIS's quarterly results.

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