RAJAPALAYAM MILLS Announces Quarterly Results (2QFY19); Net Profit Up 24.5%

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RAJAPALAYAM MILLS Announces Quarterly Results (2QFY19); Net Profit Up 24.5%
Mon, 12 Nov

RAJAPALAYAM MILLS has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

RAJAPALAYAM MILLS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,0551,064933-12.3%-11.6%
Other incomeRs m9319119515.5%28.0%
TurnoverRs m1,1491,0841,053-2.9%-8.4%
ExpensesRs m799943689-27.0%-13.8%
Gross profitRs m256121245102.2%-4.5%
DepreciationRs m9083864.4%-4.5%
InterestRs m50445728.8%13.4%
Profit before taxRs m209142211535.6%5.8%
TaxRs m3-3-36-1422.2%
Profit after taxRs m206162571483.3%24.5%
Gross profit margin%24.311.426.2
Effective tax rate%1.3-20.0-16.2
Net profit margin%17.91.524.4
* 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 11.6% on a year-on-year (YoY) basis. The expenses were down by 13.8% YoY during the same period.
  • The company's operating profit declined by 4.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.2% in 2QFY19 as against 24.3% in 2QFY18.
  • Depreciation charges declined by 4.5% and finance costs increased by 13.4% YoY, respectively.
  • Other income increased by 28.0% YoY during the quarter.
  • Net profit for the quarter increased by 24.5% YoY. Net profit margins during the quarter increased from 17.9% in 2QFY18 to 24.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 27.0% QoQ during the same period.
  • The company's operating profit increased by 102.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.2% in 2QFY19 as against 11.4% in 1QFY18.
  • Net profit for the quarter increased by 1483.3% QoQ, while net profit margins increased from 1.5% in 1QFY18 to 24.4% in 2QFY19.

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 up from Rs 1,171.9 to Rs 808.0, registering a Loss of Rs 363.9 or around 31.0%.

Overall, the S&P BSE SENSEX is up 5.1% over the year.

Current Valuations

At the current price of Rs 808.0, the price to earnings (P/E) ratio of RAJAPALAYAM MILLS stands at 19.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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