RELIANCE IND. Announces Quarterly Results (3QFY19); Net Profit Up 9.6%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

RELIANCE IND. Announces Quarterly Results (3QFY19); Net Profit Up 9.6%
Fri, 18 Jan

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

RELIANCE IND. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,025,0001,460,1801,602,9909.8%56.4%
Other incomeRs m22,18012,50024,60096.8%10.9%
TurnoverRs m1,047,1801,472,6801,627,59010.5%55.4%
ExpensesRs m849,1201,249,1001,389,82011.3%63.7%
Gross profitRs m176,270211,080213,1701.0%20.9%
DepreciationRs m45,30052,29052,3700.2%15.6%
InterestRs m20,95039,32041,1904.8%96.6%
Profit before taxRs m132,200131,970144,2109.3%9.1%
TaxRs m37,75036,49040,69011.5%7.8%
Profit after taxRs m94,45095,480103,5208.4%9.6%
Gross profit margin%17.214.513.3
Effective tax rate%28.627.728.2
Net profit margin%9.06.56.4
* 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 56.4% on a year-on-year (YoY) basis. The expenses were up by 63.7% YoY during the same period.
  • The company's operating profit increased by 20.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.3% in 3QFY19 as against 17.2% in 3QFY18.
  • Depreciation charges increased by 15.6% and finance costs increased by 96.6% YoY, respectively.
  • Other income increased by 10.9% YoY during the quarter.
  • Net profit for the quarter increased by 9.6% YoY. Net profit margins during the quarter declined from 9.0% in 3QFY18 to 6.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.3% QoQ during the same period.
  • The company's operating profit declined by 1.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.3% in 3QFY19 as against 14.5% in 2QFY18.
  • Net profit for the quarter increased by 8.4% QoQ, while net profit margins declined from 6.5% in 2QFY18 to 6.4% in 3QFY19.

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 919.3 to Rs 1,140.6, registering a Gain of Rs 221.3 or around 24.1%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,526.5 (down 0.0%). Over the last one year it has moved down from 15,746.7 to 13,526.5, a gain of 2,220 points (down 14.1%).

Overall, the S&P BSE SENSEX is up 3.4% over the year.

Current Valuations

At the current price of Rs 1,140.6, the price to earnings (P/E) ratio of RELIANCE IND. stands at 19.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.5 times.

Equitymaster requests your view! Post a comment on "RELIANCE IND. Announces Quarterly Results (3QFY19); Net Profit Up 9.6%". Click here!

  

Related Views on News

RELIANCE IND. Announces Quarterly Results (3QFY20); Net Profit Up 13.8% (Quarterly Result Update)

Jan 20, 2020 | Updated on Jan 20, 2020

For the quarter ended December 2019, RELIANCE IND. has posted a net profit of Rs 118 bn (up 13.8% YoY). Sales on the other hand came in at Rs 1,568 bn (down 2.2% YoY). Read on for a complete analysis of RELIANCE IND.'s quarterly results.

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

Oct 23, 2019 | Updated on Oct 23, 2019

For the quarter ended September 2019, RELIANCE IND. has posted a net profit of Rs 113 bn (up 18.3% YoY). Sales on the other hand came in at Rs 1,521 bn (up 4.2% YoY). Read on for a complete analysis of RELIANCE IND.'s quarterly results.

RELIANCE IND. 2018-19 Annual Report Analysis (Annual Result Update)

Jul 25, 2019 | Updated on Jul 25, 2019

Here's an analysis of the annual report of RELIANCE IND. for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of RELIANCE IND.. Also includes updates on the valuation of RELIANCE IND..

RELIANCE IND. 2017-18 Annual Report Analysis (Annual Result Update)

Nov 28, 2018 | Updated on Nov 28, 2018

Here's an analysis of the annual report of RELIANCE IND. for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of RELIANCE IND.. Also includes updates on the valuation of RELIANCE IND..

More Views on News

Most Popular

Buy this 'Crorepati Stock' and You Could End Up Stinking Rich(Profit Hunter)

Feb 5, 2020

I'm talking about an individual small cap stock that could go up so many times that they make their investors stinking rich in the process. You definitely want to know more...

This Smallcap Stock Could be the Next Titan (Up 1,400% in 10 Years)(Profit Hunter)

Feb 11, 2020

A blueprint to latch on to the next 'Crorepati' stock - and an event I hope you won't miss on any account.

Will Your Trade Go Up or Down Today?(Fast Profits Daily)

Feb 5, 2020

How you can find out which way your trade is likely to move on any given trading day.

Will Algo Traders Take Away All Your Profits?(Fast Profits Daily)

Feb 11, 2020

How to fight back against algo trading systems.

No Change in My Long-Term View on the Rebirth of India Stocks(The 5 Minute Wrapup)

Feb 6, 2020

Why the recent post budget volatility has not affected my bullish view on the Rebirth of India stocks.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

RELIANCE IND. SHARE PRICE


Feb 17, 2020 (Close)

TRACK RELIANCE IND.

  • Track your investment in RELIANCE IND. with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

RELIANCE IND. 5-YR ANALYSIS

COMPARE RELIANCE IND. WITH

MARKET STATS