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

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REDINGTON Announces Quarterly Results (3QFY20); Net Profit Up 26.4%
Tue, 11 Feb

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

REDINGTON Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m126,301123,393147,84519.8%17.1%
Other incomeRs m108150111-25.9%2.9%
TurnoverRs m126,409123,543147,95619.8%17.0%
ExpensesRs m123,535120,916144,86219.8%17.3%
Gross profitRs m2,0552,4662,98320.9%45.1%
DepreciationRs m163475373-21.4%129.2%
InterestRs m558629439-30.1%-21.2%
Profit before taxRs m1,4431,5122,28150.8%58.1%
TaxRs m142186637241.9%349.9%
Profit after taxRs m1,3011,3261,64424.0%26.4%
Gross profit margin%1.62.02.0
Effective tax rate%9.812.327.9
Net profit margin%1.01.11.1
* 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 17.1% on a year-on-year (YoY) basis. The expenses were up by 17.3% YoY during the same period.
  • The company's operating profit increased by 45.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 2.0% in 3QFY20.
  • Depreciation charges increased by 129.2% and finance costs declined by 21.2% YoY, respectively.
  • Other income increased by 2.9% YoY during the quarter.
  • Net profit for the quarter increased by 26.4% YoY. Net profit margins during the quarter increased from 1.0% in 3QFY19 to 1.1% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 19.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 19.8% QoQ during the same period.
  • The company's operating profit increased by 20.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 2.0% in 3QFY20 as against 2.0% in 2QFY19.
  • Net profit for the quarter increased by 24.0% QoQ, while net profit margins increased from 1.1% in 2QFY19 to 1.1% in 3QFY20.

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 66.4 to Rs 123.0, registering a Gain of Rs 56.7 or around 85.4%.

Overall, the S&P BSE SENSEX is up 13.7% over the year.

Current Valuations

At the current price of Rs 123.0, the price to earnings (P/E) ratio of REDINGTON stands at 8.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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

Nov 8, 2019 | Updated on Nov 8, 2019

For the quarter ended September 2019, REDINGTON has posted a net profit of Rs 1 bn (up 38.0% YoY). Sales on the other hand came in at Rs 123 bn (up 11.1% YoY). Read on for a complete analysis of REDINGTON's quarterly results.

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