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

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RAJAPALAYAM MILLS Announces Quarterly Results (4QFY19); Net Profit Down 139.5%
Fri, 7 Jun

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

RAJAPALAYAM MILLS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,1009731,15618.8%5.1%
Other incomeRs m239250-46.1%112.0%
TurnoverRs m1,1241,0651,20613.2%7.3%
ExpensesRs m1,0389181,05715.1%1.9%
Gross profitRs m63559980.8%58.0%
DepreciationRs m8374752.4%-8.7%
InterestRs m2359603.2%158.1%
Profit before taxRs m-201513-12.9%
TaxRs m-2481485.7%
Profit after taxRs m47-2-121.4%-139.5%
Gross profit margin%5.75.68.6
Effective tax rate%119.152.4111.7
Net profit margin%0.30.7-0.1
* 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 5.1% on a year-on-year (YoY) basis. The expenses were up by 1.9% YoY during the same period.
  • The company's operating profit increased by 58.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.6% in 4QFY19 as against 5.7% in 4QFY18.
  • Depreciation charges declined by 8.7% and finance costs increased by 158.1% YoY, respectively.
  • Other income increased by 112.0% YoY during the quarter.
  • Net profit for the quarter declined by 139.5% YoY. Net profit margins during the quarter declined from 0.3% in 4QFY18 to -0.1% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 15.1% QoQ during the same period.
  • The company's operating profit increased by 80.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.6% in 4QFY19 as against 5.6% in 3QFY18.
  • Net profit for the quarter declined by 121.4% QoQ, while net profit margins declined from 0.7% in 3QFY18 to -0.1% in 4QFY19.

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 1,098.6 to Rs 880.0, registering a Loss of Rs 218.6 or around 19.9%.

Overall, the S&P BSE SENSEX is up 11.9% over the year.

Current Valuations

At the current price of Rs 880.0, the price to earnings (P/E) ratio of RAJAPALAYAM MILLS stands at 23.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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