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

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RAJAPALAYAM MILLS Announces Quarterly Results (3QFY19); Net Profit Down 81.3%
Fri, 15 Feb

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

RAJAPALAYAM MILLS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,0899339734.3%-10.6%
Other incomeRs m2111992-22.9%346.6%
TurnoverRs m1,1091,0531,0651.2%-4.0%
ExpensesRs m97368991833.3%-5.6%
Gross profitRs m11624555-77.6%-52.8%
DepreciationRs m738674-14.8%0.3%
InterestRs m4457593.0%31.8%
Profit before taxRs m1922115-93.3%-21.4%
TaxRs m-19-368
Profit after taxRs m382577-97.3%-81.3%
Gross profit margin%10.626.25.6
Effective tax rate%-100.5-16.252.4
Net profit margin%3.424.40.7
* 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 10.6% on a year-on-year (YoY) basis. The expenses were down by 5.6% YoY during the same period.
  • The company's operating profit declined by 52.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.6% in 3QFY19 as against 10.6% in 3QFY18.
  • Depreciation charges increased by 0.3% and finance costs increased by 31.8% YoY, respectively.
  • Other income increased by 346.6% YoY during the quarter.
  • Net profit for the quarter declined by 81.3% YoY. Net profit margins during the quarter declined from 3.4% in 3QFY18 to 0.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 33.3% 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 5.6% in 3QFY19 as against 26.2% in 2QFY18.
  • Net profit for the quarter declined by 97.3% QoQ, while net profit margins declined from 24.3% in 2QFY18 to 0.7% in 3QFY19.

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 1,210.7 to Rs 681.0, registering a Loss of Rs 529.7 or around 43.8%.

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 681.0, the price to earnings (P/E) ratio of RAJAPALAYAM MILLS stands at 17.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.3 times.

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