RCF Announces Quarterly Results (3QFY20); Net Profit Up 57.5%

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RCF Announces Quarterly Results (3QFY20); Net Profit Up 57.5%
Mon, 17 Feb

RCF has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

RCF Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m23,53524,56622,259-9.4%-5.4%
Other incomeRs m204264197-25.2%-3.6%
TurnoverRs m23,74024,83022,456-9.6%-5.4%
ExpensesRs m22,25824,09721,429-11.1%-3.7%
Gross profitRs m1,27746982977.0%-35.0%
DepreciationRs m39841247415.0%19.1%
InterestRs m267547409-25.3%52.8%
Profit before taxRs m816-227144-82.4%
TaxRs m317-19-643-303.0%
Profit after taxRs m499-20978657.5%
Gross profit margin%5.41.93.7
Effective tax rate%38.88.1-447.6
Net profit margin%2.1-0.83.5
* 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 5.4% on a year-on-year (YoY) basis. The expenses were down by 3.7% YoY during the same period.
  • The company's operating profit declined by 35.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.7% in 3QFY20 as against 5.4% in 3QFY19.
  • Depreciation charges increased by 19.1% and finance costs increased by 52.8% YoY, respectively.
  • Other income declined by 3.6% YoY during the quarter.
  • Net profit for the quarter increased by 57.5% YoY. Net profit margins during the quarter increased from 2.1% in 3QFY19 to 3.5% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.1% QoQ during the same period.
  • The company's operating profit increased by 77.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.7% in 3QFY20 as against 1.9% in 2QFY19.
  • Net profit for the quarter increased by 476.4% QoQ, while net profit margins increased from -0.8% in 2QFY19 to 3.5% in 3QFY20.

To see how RCF has performed over the last eight quarters,please visit here.

Last 2 Days: Watch the Replay of Great Indian Wealth Project Special Event

RCF Share Price Performance

Over the last one year,RCF share price has moved down from Rs 52.7 to Rs 41.7, registering a Loss of Rs 11.1 or around 21.0%.

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 41.7, the price to earnings (P/E) ratio of RCF stands at 20.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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