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

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RESPONSIVE INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Up 2.6%
Fri, 22 Feb

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

RESPONSIVE INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,7362,2471,161-48.3%-57.6%
Other incomeRs m44525-42.9%467.5%
TurnoverRs m2,7412,2921,187-48.2%-56.7%
ExpensesRs m2,4891,784915-48.7%-63.3%
Gross profitRs m247463246-46.7%-0.4%
DepreciationRs m1521621641.4%7.5%
InterestRs m403732-11.5%-18.3%
Profit before taxRs m6030976-75.5%26.5%
TaxRs m1112525-79.8%137.3%
Profit after taxRs m4918451-72.5%2.6%
Gross profit margin%9.020.621.2
Effective tax rate%17.840.533.3
Net profit margin%1.88.04.3
* 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 57.6% on a year-on-year (YoY) basis. The expenses were down by 63.3% YoY during the same period.
  • The company's operating profit declined by 0.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.2% in 3QFY19 as against 9.0% in 3QFY18.
  • Depreciation charges increased by 7.5% and finance costs declined by 18.3% YoY, respectively.
  • Other income increased by 467.5% YoY during the quarter.
  • Net profit for the quarter increased by 2.6% YoY. Net profit margins during the quarter increased from 1.8% in 3QFY18 to 4.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 48.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 48.7% QoQ during the same period.
  • The company's operating profit increased by 46.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.2% in 3QFY19 as against 20.6% in 2QFY18.
  • Net profit for the quarter declined by 72.5% QoQ, while net profit margins declined from 8.0% in 2QFY18 to 4.3% in 3QFY19.

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 44.7 to Rs 91.7, registering a Gain of Rs 47.0 or around 105.1%.

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 91.7, the price to earnings (P/E) ratio of RESPONSIVE INDUSTRIES stands at 56.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 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.

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