RELIANCE IND. Announces Quarterly Results (1QFY20); Net Profit Up 6.8%

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RELIANCE IND. Announces Quarterly Results (1QFY20); Net Profit Up 6.8%
Mon, 22 Jul

RELIANCE IND. has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

RELIANCE IND. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,330,6901,416,3401,613,49013.9%21.3%
Other incomeRs m17,78031,47031,4600.0%76.9%
TurnoverRs m1,348,4701,447,8101,644,95013.6%22.0%
ExpensesRs m1,124,0801,208,0201,400,34015.9%24.6%
Gross profitRs m206,610208,320213,1502.3%3.2%
DepreciationRs m51,73052,95050,110-5.4%-3.1%
InterestRs m35,50048,94051,0904.4%43.9%
Profit before taxRs m137,160137,900143,4104.0%4.6%
TaxRs m42,41034,31042,25023.1%-0.4%
Profit after taxRs m94,750103,590101,160-2.3%6.8%
Gross profit margin%15.514.713.2
Effective tax rate%30.924.929.5
Net profit margin%7.07.26.1
* 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 21.3% on a year-on-year (YoY) basis. The expenses were up by 24.6% YoY during the same period.
  • The company's operating profit increased by 3.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.2% in 1QFY20 as against 15.5% in 1QFY19.
  • Depreciation charges declined by 3.1% and finance costs increased by 43.9% YoY, respectively.
  • Other income increased by 76.9% YoY during the quarter.
  • Net profit for the quarter increased by 6.8% YoY. Net profit margins during the quarter declined from 7.0% in 1QFY19 to 6.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 13.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 15.9% QoQ during the same period.
  • The company's operating profit declined by 2.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.2% in 1QFY20 as against 14.7% in 4QFY19.
  • Net profit for the quarter declined by 2.3% QoQ, while net profit margins declined from 7.2% in 4QFY19 to 6.1% in 1QFY20.

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

RELIANCE IND. Share Price Performance

Over the last one year,RELIANCE IND. share price has moved up from Rs 1,128.6 to Rs 1,246.6, registering a Gain of Rs 118.1 or around 10.5%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,865.1 (down 0.3%). Over the last one year it has moved down from 14,391.8 to 13,865.1, a gain of 527 points (down 3.7%).

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

Current Valuations

At the current price of Rs 1,246.6, the price to earnings (P/E) ratio of RELIANCE IND. stands at 20.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.8 times.

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