RAJAPALAYAM MILLS Announces Quarterly Results (1QFY20); Net Profit Down 184.0%

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RAJAPALAYAM MILLS Announces Quarterly Results (1QFY20); Net Profit Down 184.0%
Mon, 26 Aug

RAJAPALAYAM MILLS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

RAJAPALAYAM MILLS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,0641,1561,029-11.0%-3.3%
Other incomeRs m19509-82.7%-55.7%
TurnoverRs m1,0841,2061,038-13.9%-4.3%
ExpensesRs m9431,057906-14.3%-4.0%
Gross profitRs m1219912324.3%1.7%
DepreciationRs m83758918.7%8.1%
InterestRs m446060-0.2%36.7%
Profit before taxRs m1413-18-242.2%-234.8%
TaxRs m-314-5-132.2%
Profit after taxRs m16-2-14-184.0%
Gross profit margin%11.48.611.9
Effective tax rate%-20.0111.725.3
Net profit margin%1.5-0.1-1.3
* 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 fell 3.3% on a year-on-year (YoY) basis. The expenses were down by 4.0% YoY during the same period.
  • The company's operating profit increased by 1.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.9% in 1QFY20 as against 11.4% in 1QFY19.
  • Depreciation charges increased by 8.1% and finance costs increased by 36.7% YoY, respectively.
  • Other income declined by 55.7% YoY during the quarter.
  • Net profit for the quarter declined by 184.0% YoY. Net profit margins during the quarter declined from 1.5% in 1QFY19 to -1.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 14.3% QoQ during the same period.
  • The company's operating profit increased by 24.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.9% in 1QFY20 as against 8.6% in 4QFY19.
  • Net profit for the quarter declined by 806.7% QoQ, while net profit margins declined from -0.2% in 4QFY19 to -1.3% in 1QFY20.

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

RAJAPALAYAM MILLS Share Price Performance

Over the last one year,RAJAPALAYAM MILLS share price has moved down from Rs 880.0 to Rs 755.0, registering a Loss of Rs 125.0 or around 14.2%.

Overall, the S&P BSE SENSEX is down 3.9% over the year.

Current Valuations

At the current price of Rs 755.0, the price to earnings (P/E) ratio of RAJAPALAYAM MILLS stands at 22.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.3 times.

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Related Views on News

RAJAPALAYAM MILLS Announces Quarterly Results (4QFY19); Net Profit Down 139.5% (Quarterly Result Update)

Jun 7, 2019 | Updated on Jun 7, 2019

For the quarter ended March 2019, RAJAPALAYAM MILLS has posted a net profit of Rs 2 m (down 139.5% YoY). Sales on the other hand came in at Rs 1 bn (up 5.1% YoY). Read on for a complete analysis of RAJAPALAYAM MILLS's quarterly results.

RAJAPALAYAM MILLS Announces Quarterly Results (3QFY19); Net Profit Down 81.3% (Quarterly Result Update)

Feb 15, 2019 | Updated on Feb 15, 2019

For the quarter ended December 2018, RAJAPALAYAM MILLS has posted a net profit of Rs 7 m (down 81.3% YoY). Sales on the other hand came in at Rs 973 m (down 10.6% YoY). Read on for a complete analysis of RAJAPALAYAM MILLS's quarterly results.

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