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- RELIANCE CAPITAL Announces Quarterly Results (3QFY19); Net Profit Down 34.9%
RELIANCE CAPITAL Announces Quarterly Results (3QFY19); Net Profit Down 34.9%
Fri, 22 Feb
RELIANCE CAPITAL has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:
RELIANCE CAPITAL Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-17* | 3 Sep-18* | 3 Dec-18* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 47,490 | 53,080 | 50,020 | -5.8% | 5.3% |
| Other income | Rs m | 220 | 220 | 140 | -36.4% | -36.4% |
| Turnover | Rs m | 47,710 | 53,300 | 50,160 | -5.9% | 5.1% |
| Expenses | Rs m | 33,220 | 38,920 | 35,150 | -9.7% | 5.8% |
| Gross profit | Rs m | 14,620 | 14,160 | 14,870 | 5.0% | 1.7% |
| Depreciation | Rs m | 340 | 200 | 200 | 0.0% | -41.2% |
| Interest | Rs m | 10,210 | 10,750 | 12,240 | 13.9% | 19.9% |
| Profit before tax | Rs m | 4,290 | 3,430 | 2,570 | -25.1% | -40.1% |
| Tax | Rs m | 1,140 | 620 | 520 | -16.1% | -54.4% |
| Profit after tax | Rs m | 3,150 | 2,810 | 2,050 | -27.0% | -34.9% |
| Gross profit margin | % | 30.8 | 26.7 | 29.7 | ||
| Effective tax rate | % | 26.6 | 18.1 | 20.2 | ||
| Net profit margin | % | 6.6 | 5.3 | 4.1 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 5.3% on a year-on-year (YoY) basis. The expenses were up by 5.8% YoY during the same period.
- The company's operating profit increased by 1.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 29.7% in 3QFY19 as against 30.8% in 3QFY18.
- Depreciation charges declined by 41.2% and finance costs increased by 19.9% YoY, respectively.
- Other income declined by 36.4% YoY during the quarter.
- Net profit for the quarter declined by 34.9% YoY. Net profit margins during the quarter declined from 6.6% in 3QFY18 to 4.1% in 3QFY19.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 5.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.7% QoQ during the same period.
- The company's operating profit increased by 5.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.7% in 3QFY19 as against 26.7% in 2QFY18.
- Net profit for the quarter declined by 27.0% QoQ, while net profit margins declined from 5.3% in 2QFY18 to 4.1% in 3QFY19.
To see how RELIANCE CAPITAL has performed over the last eight quarters, please visit here.
RELIANCE CAPITAL Share Price Performance
Over the last one year, RELIANCE CAPITAL share price has moved up from Rs 456.4 to Rs 165.4, registering a Loss of Rs 291.0 or around 63.8%.
Overall, the S&P BSE SENSEX is up 6.0% over the year.
Current Valuations
At the current price of Rs 165.4, the price to earnings (P/E) ratio of RELIANCE CAPITAL stands at 5.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.3 times.
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RELIANCE CAPITAL 2017-18 Annual Report Analysis (Annual Result Update)
Dec 19, 2018 | Updated on Dec 19, 2018Here's an analysis of the annual report of RELIANCE CAPITAL for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of RELIANCE CAPITAL. Also includes updates on the valuation of RELIANCE CAPITAL.
RELIANCE CAPITAL Announces Quarterly Results (2QFY19); Net Profit Down 20.2% (Quarterly Result Update)
Nov 29, 2018 | Updated on Nov 29, 2018For the quarter ended September 2018, RELIANCE CAPITAL has posted a net profit of Rs 3 bn (down 20.2% YoY). Sales on the other hand came in at Rs 53 bn (up 1.2% YoY). Read on for a complete analysis of RELIANCE CAPITAL's quarterly results.
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