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

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RESPONSIVE INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Down 396.5%
Wed, 5 Jun

RESPONSIVE INDUSTRIES has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

RESPONSIVE INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m2,3671,161767-34.0%-67.6%
Other incomeRs m53259-65.6%-83.6%
TurnoverRs m2,4201,187776-34.6%-68.0%
ExpensesRs m2,144915791-13.5%-63.1%
Gross profitRs m223246-24-109.9%-110.9%
DepreciationRs m147164138-16.0%-6.4%
InterestRs m353222-32.7%-38.5%
Profit before taxRs m9476-175-331.0%-286.1%
TaxRs m5625-62-344.8%-210.5%
Profit after taxRs m3851-113-324.2%-396.5%
Gross profit margin%9.421.2-3.2
Effective tax rate%59.433.335.3
Net profit margin%1.64.3-14.6
* 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 67.6% on a year-on-year (YoY) basis. The expenses were down by 63.1% YoY during the same period.
  • The company's operating profit declined by 110.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.2% in 4QFY19 as against 9.4% in 4QFY18.
  • Depreciation charges declined by 6.4% and finance costs declined by 38.5% YoY, respectively.
  • Other income declined by 83.6% YoY during the quarter.
  • Net profit for the quarter declined by 396.5% YoY. Net profit margins during the quarter declined from 1.6% in 4QFY18 to -14.6% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 34.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 13.5% QoQ during the same period.
  • The company's operating profit declined by 109.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.2% in 4QFY19 as against 21.2% in 3QFY18.
  • Net profit for the quarter declined by 324.2% QoQ, while net profit margins declined from 4.3% in 3QFY18 to -14.6% in 4QFY19.

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 78.1 to Rs 91.8, registering a Gain of Rs 13.7 or around 17.5%.

Overall, the S&P BSE SENSEX is up 14.5% over the year.

Current Valuations

At the current price of Rs 91.8, the price to earnings (P/E) ratio of RESPONSIVE INDUSTRIES stands at 86.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.

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