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RELIANCE CAPITAL Announces Quarterly Results (4QFY18); Net Profit Down 93.5%

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RELIANCE CAPITAL Announces Quarterly Results (4QFY18); Net Profit Down 93.5%
Fri, 20 Jul

RELIANCE CAPITAL has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

RELIANCE CAPITAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m50,33047,49050,0005.3%-0.7%
Other incomeRs m53022070-68.2%-86.8%
TurnoverRs m50,86047,71050,0704.9%-1.6%
ExpensesRs m37,44033,22034,5404.0%-7.7%
Gross profitRs m12,63014,62011,720-19.8%-7.2%
DepreciationRs m3903403502.9%-10.3%
InterestRs m8,30010,21010,2600.5%23.6%
Profit before taxRs m4,4704,2901,180-72.5%-73.6%
TaxRs m3001,140910-20.2%203.3%
Profit after taxRs m4,1703,150270-91.4%-93.5%
Gross profit margin%25.130.823.4
Effective tax rate%6.726.677.1
Net profit margin%8.26.60.5
* 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 0.7% on a year-on-year (YoY) basis. The expenses were down by 7.7% YoY during the same period.
  • The company's operating profit declined by 7.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.4% in 4QFY18 as against 25.1% in 4QFY17.
  • Depreciation charges and finance costs declined by 10.3% YoY and 23.6% YoY, respectively.
  • Other income declined by 86.8% YoY during the quarter.
  • Net profit for the quarter declined by 93.5% YoY. Net profit margins during the quarter declined from 8.2% in 4QFY17 to 0.5% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.0% QoQ during the same period.
  • The company's operating profit declined by 19.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.4% in 4QFY18 as against 30.8% in 3QFY17.
  • Net profit for the quarter declined by 91.4% QoQ, while net profit margins declined from 6.6% in 3QFY17 to 0.5% in 4QFY18.

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 659.7 to Rs 347.0, registering a Loss of Rs -312.7 or around 47.4%.

Overall, the S&P BSE SENSEX is up 0.5% over the year.

Current Valuations

At the current price of Rs 347.0, the price to earnings (P/E) ratio of RELIANCE CAPITAL stands at 9.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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