REDINGTON Announces Quarterly Results (2QFY20); Net Profit Up 38.0%

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REDINGTON Announces Quarterly Results (2QFY20); Net Profit Up 38.0%
Fri, 8 Nov

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

REDINGTON Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m111,085116,747123,3935.7%11.1%
Other incomeRs m23811915026.1%-36.9%
TurnoverRs m111,323116,866123,5435.7%11.0%
ExpensesRs m109,212114,417120,9165.7%10.7%
Gross profitRs m1,8742,3312,4665.8%31.6%
DepreciationRs m16632847544.9%186.0%
InterestRs m471653629-3.6%33.4%
Profit before taxRs m1,4741,4691,5122.9%2.6%
TaxRs m513367186-49.2%-63.7%
Profit after taxRs m9611,1021,32620.3%38.0%
Gross profit margin%1.72.02.0
Effective tax rate%34.825.012.3
Net profit margin%0.90.91.1
* 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 11.1% on a year-on-year (YoY) basis. The expenses were up by 10.7% YoY during the same period.
  • The company's operating profit increased by 31.6% YoY during the quarter. Consequently, operating profit margins remained same and stood at 2.0% in 2QFY20.
  • Depreciation charges increased by 186.0% and finance costs increased by 33.4% YoY, respectively.
  • Other income declined by 36.9% YoY during the quarter.
  • Net profit for the quarter increased by 38.0% YoY. Net profit margins during the quarter increased from 0.9% in 2QFY19 to 1.1% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.7% QoQ during the same period.
  • The company's operating profit increased by 5.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 2.0% in 2QFY20 as against 2.0% in 1QFY19.
  • Net profit for the quarter increased by 20.3% QoQ, while net profit margins increased from 0.9% in 1QFY19 to 1.1% in 2QFY20.

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

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REDINGTON Share Price Performance

Over the last one year,REDINGTON share price has moved up from Rs 88.5 to Rs 114.0, registering a Gain of Rs 25.5 or around 28.8%.

Overall, the S&P BSE SENSEX is up 15.1% over the year.

Current Valuations

At the current price of Rs 114.0, the price to earnings (P/E) ratio of REDINGTON stands at 8.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.2 times.

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REDINGTON Announces Quarterly Results (3QFY20); Net Profit Up 26.4% (Quarterly Result Update)

Feb 11, 2020 | Updated on Feb 11, 2020

For the quarter ended December 2019, REDINGTON has posted a net profit of Rs 2 bn (up 26.4% YoY). Sales on the other hand came in at Rs 148 bn (up 17.1% YoY). Read on for a complete analysis of REDINGTON's quarterly results.

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