RELIANCE IND. Announces Quarterly Results (2QFY20); Net Profit Up 18.3%

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RELIANCE IND. Announces Quarterly Results (2QFY20); Net Profit Up 18.3%
Wed, 23 Oct

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

RELIANCE IND. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m1,460,1801,613,4901,521,490-5.7%4.2%
Other incomeRs m12,50031,46036,14014.9%189.1%
TurnoverRs m1,472,6801,644,9501,557,630-5.3%5.8%
ExpensesRs m1,249,1001,400,3401,299,970-7.2%4.1%
Gross profitRs m211,080213,150221,5203.9%4.9%
DepreciationRs m52,29050,11053,1506.1%1.6%
InterestRs m39,32051,09054,5006.7%38.6%
Profit before taxRs m131,970143,410150,0104.6%13.7%
TaxRs m36,49042,25037,030-12.4%1.5%
Profit after taxRs m95,480101,160112,98011.7%18.3%
Gross profit margin%14.513.214.6
Effective tax rate%27.729.524.7
Net profit margin%6.56.17.3
* 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 grew 4.2% on a year-on-year (YoY) basis. The expenses were up by 4.1% YoY during the same period.
  • The company's operating profit increased by 4.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.6% in 2QFY20 as against 14.5% in 2QFY19.
  • Depreciation charges increased by 1.6% and finance costs increased by 38.6% YoY, respectively.
  • Other income increased by 189.1% YoY during the quarter.
  • Net profit for the quarter increased by 18.3% YoY. Net profit margins during the quarter increased from 6.5% in 2QFY19 to 7.3% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.2% QoQ during the same period.
  • The company's operating profit increased by 3.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.6% in 2QFY20 as against 13.2% in 1QFY19.
  • Net profit for the quarter increased by 11.7% QoQ, while net profit margins increased from 6.1% in 1QFY19 to 7.3% in 2QFY20.

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 1,052.6 to Rs 1,392.5, registering a Gain of Rs 339.9 or around 32.3%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 15,250.9 (down 1.2%). Over the last one year it has moved up from 12,783.4 to 15,250.9, a gain of 2,468 points (up 19.3%).

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

Current Valuations

At the current price of Rs 1,392.5, the price to earnings (P/E) ratio of RELIANCE IND. stands at 21.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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