RELIANCE CAPITAL Announces Quarterly Results (3QFY19); Net Profit Down 34.9%

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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 ChangeYoY Change
Net SalesRs m47,49053,08050,020-5.8%5.3%
Other incomeRs m220220140-36.4%-36.4%
TurnoverRs m47,71053,30050,160-5.9%5.1%
ExpensesRs m33,22038,92035,150-9.7%5.8%
Gross profitRs m14,62014,16014,8705.0%1.7%
DepreciationRs m3402002000.0%-41.2%
InterestRs m10,21010,75012,24013.9%19.9%
Profit before taxRs m4,2903,4302,570-25.1%-40.1%
TaxRs m1,140620520-16.1%-54.4%
Profit after taxRs m3,1502,8102,050-27.0%-34.9%
Gross profit margin%30.826.729.7
Effective tax rate%26.618.120.2
Net profit margin%6.65.34.1
* 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 5.3% 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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