RELIANCE IND. Announces Quarterly Results (4QFY19); Net Profit Up 9.5%

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RELIANCE IND. Announces Quarterly Results (4QFY19); Net Profit Up 9.5%
Mon, 22 Apr

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

RELIANCE IND. Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,201,4301,602,9901,416,340-11.6%17.9%
Other incomeRs m22,03024,60031,47027.9%42.9%
TurnoverRs m1,223,4601,627,5901,447,810-11.0%18.3%
ExpensesRs m1,016,7401,389,8201,208,020-13.1%18.8%
Gross profitRs m184,610213,170208,320-2.3%12.8%
DepreciationRs m48,52052,37052,9501.1%9.1%
InterestRs m25,66041,19048,94018.8%90.7%
Profit before taxRs m132,460144,210137,900-4.4%4.1%
TaxRs m37,87040,69034,310-15.7%-9.4%
Profit after taxRs m94,590103,520103,5900.1%9.5%
Gross profit margin%15.413.314.7
Effective tax rate%28.628.224.9
Net profit margin%7.76.47.2
* 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 17.9% on a year-on-year (YoY) basis. The expenses were up by 18.8% YoY during the same period.
  • The company's operating profit increased by 12.8% YoY during the quarter. Consequently, operating profit margins remained same and stood at 14.7% in 4QFY19.
  • Depreciation charges increased by 9.1% and finance costs increased by 90.7% YoY, respectively.
  • Other income increased by 42.9% YoY during the quarter.
  • Net profit for the quarter increased by 9.5% YoY. Net profit margins during the quarter declined from 7.7% in 4QFY18 to 7.2% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 13.1% QoQ during the same period.
  • The company's operating profit increased by 2.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.7% in 4QFY19 as against 13.3% in 3QFY18.
  • Net profit for the quarter increased by 0.1% QoQ, while net profit margins increased from 6.4% in 3QFY18 to 7.2% in 4QFY19.

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 928.1 to Rs 1,355.9, registering a Gain of Rs 427.9 or around 46.1%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 14,690.8 (down 2.1%). Over the last one year it has moved up from 14,333.8 to 14,690.8, a gain of 357 points (up 2.5%).

Overall, the S&P BSE SENSEX is up 13.2% over the year.

Current Valuations

At the current price of Rs 1,355.9, the price to earnings (P/E) ratio of RELIANCE IND. stands at 22.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

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