RELIANCE IND. Announces Quarterly Results (1QFY21); Net Profit Up 27.8%

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RELIANCE IND. Announces Quarterly Results (1QFY21); Net Profit Up 27.8%
Fri, 31 Jul

RELIANCE IND. has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

RELIANCE IND. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m1,613,4901,392,830912,380-34.5%-43.5%
Other incomeRs m31,46041,33043,8806.2%39.5%
TurnoverRs m1,644,9501,434,160956,260-33.3%-41.9%
ExpensesRs m1,400,3401,175,010743,630-36.7%-46.9%
Gross profitRs m213,150175,150218,41024.7%2.5%
DepreciationRs m50,11063,32063,080-0.4%25.9%
InterestRs m51,09060,64067,35011.1%31.8%
Profit before taxRs m143,41092,520131,86042.5%-8.1%
TaxRs m42,25026,7702,600-90.3%-93.8%
Profit after taxRs m101,16065,750129,26096.6%27.8%
Gross profit margin%13.212.623.9
Effective tax rate%29.528.92.0
Net profit margin%6.14.613.5
* 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 43.5% on a year-on-year (YoY) basis. The expenses were down by 46.9% YoY during the same period.
  • The company's operating profit increased by 2.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.9% in 1QFY21 as against 13.2% in 1QFY20.
  • Depreciation charges increased by 25.9% and finance costs increased by 31.8% YoY, respectively.
  • Other income increased by 39.5% YoY during the quarter.
  • Net profit for the quarter increased by 27.8% YoY. Net profit margins during the quarter increased from 6.1% in 1QFY20 to 13.5% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 34.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 36.7% QoQ during the same period.
  • The company's operating profit increased by 24.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.9% in 1QFY21 as against 12.6% in 4QFY20.
  • Net profit for the quarter increased by 96.6% QoQ, while net profit margins increased from 4.6% in 4QFY20 to 13.5% in 1QFY21.

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

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RELIANCE IND. Share Price Performance

Over the last one year,RELIANCE IND. share price has moved up from Rs 1,166.0 to Rs 2,077.5, registering a Gain of Rs 911.5 or around 78.2%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,214.1 (down 0.5%). Over the last one year it has moved down from 13,237.0 to 13,214.1, a gain of 23 points (down 0.2%).

Overall, the S&P BSE SENSEX is up 0.6% over the year.

Current Valuations

At the current price of Rs 2,077.5, the price to earnings (P/E) ratio of RELIANCE IND. stands at 31.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.5 times.

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