RESPONSIVE INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Up 1166.3%

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RESPONSIVE INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Up 1166.3%
Tue, 23 Oct

RESPONSIVE INDUSTRIES has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

RESPONSIVE INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,7912,1132,2476.3%25.5%
Other incomeRs m446545-30.9%2.0%
TurnoverRs m1,8352,1782,2925.2%24.9%
ExpensesRs m1,5851,7341,7842.9%12.6%
Gross profitRs m20637946322.1%124.7%
DepreciationRs m1521521626.4%6.1%
InterestRs m3736371.6%-2.4%
Profit before taxRs m6025630920.8%417.1%
TaxRs m459312534.7%176.4%
Profit after taxRs m1516318412.9%1166.3%
Gross profit margin%11.517.920.6
Effective tax rate%75.736.340.5
Net profit margin%0.87.58.0
* 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 25.5% on a year-on-year (YoY) basis. The expenses were up by 12.6% YoY during the same period.
  • The company's operating profit increased by 124.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.6% in 2QFY19 as against 11.5% in 2QFY18.
  • Depreciation charges increased by 6.1% and finance costs decreased by 2.4% YoY, respectively.
  • Other income increased by 2.0% YoY during the quarter.
  • Net profit for the quarter increased by 1166.3% YoY. Net profit margins during the quarter increased from 0.8% in 2QFY18 to 8.0% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.9% QoQ during the same period.
  • The company's operating profit increased by 22.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.6% in 2QFY19 as against 17.9% in 1QFY18.
  • Net profit for the quarter increased by 12.9% QoQ, while net profit margins increased from 7.5% in 1QFY18 to 8.0% in 2QFY19.

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

RESPONSIVE INDUSTRIES Share Price Performance

Over the last one year, RESPONSIVE INDUSTRIES share price has moved up from Rs 37.7 to Rs 74.0, registering a Gain of Rs 36.3 or around 96.3%.

Overall, the S&P BSE SENSEX is up 4.7% over the year.

Current Valuations

At the current price of Rs 74.0, the price to earnings (P/E) ratio of RESPONSIVE INDUSTRIES stands at 45.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.2 times.

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Related Views on News

RESPONSIVE INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Down 396.5% (Quarterly Result Update)

Jun 5, 2019 | Updated on Jun 5, 2019

For the quarter ended March 2019, RESPONSIVE INDUSTRIES has posted a net profit of Rs 113 m (down 396.5% YoY). Sales on the other hand came in at Rs 767 m (down 67.6% YoY). Read on for a complete analysis of RESPONSIVE INDUSTRIES's quarterly results.

RESPONSIVE INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Up 2.6% (Quarterly Result Update)

Feb 22, 2019 | Updated on Feb 22, 2019

For the quarter ended December 2018, RESPONSIVE INDUSTRIES has posted a net profit of Rs 51 m (up 2.6% YoY). Sales on the other hand came in at Rs 1 bn (down 57.6% YoY). Read on for a complete analysis of RESPONSIVE INDUSTRIES's quarterly results.

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