RELIANCE IND. Announces Quarterly Results (4QFY20); Net Profit Down 36.5%

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RELIANCE IND. Announces Quarterly Results (4QFY20); Net Profit Down 36.5%
Mon, 4 May

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

RELIANCE IND. Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m1,416,3401,568,0201,392,830-11.2%-1.7%
Other incomeRs m31,47036,45041,33013.4%31.3%
TurnoverRs m1,447,8101,604,4701,434,160-10.6%-0.9%
ExpensesRs m1,208,0201,344,1601,175,010-12.6%-2.7%
Gross profitRs m208,320222,090175,150-21.1%-15.9%
DepreciationRs m52,95055,45063,32014.2%19.6%
InterestRs m48,94054,04060,64012.2%23.9%
Profit before taxRs m137,900149,05092,520-37.9%-32.9%
TaxRs m34,31031,21026,770-14.2%-22.0%
Profit after taxRs m103,590117,84065,750-44.2%-36.5%
Gross profit margin%14.714.212.6
Effective tax rate%24.920.928.9
Net profit margin%7.27.34.6
* 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 1.7% on a year-on-year (YoY) basis. The expenses were down by 2.7% YoY during the same period.
  • The company's operating profit declined by 15.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.6% in 4QFY20 as against 14.7% in 4QFY19.
  • Depreciation charges increased by 19.6% and finance costs increased by 23.9% YoY, respectively.
  • Other income increased by 31.3% YoY during the quarter.
  • Net profit for the quarter declined by 36.5% YoY. Net profit margins during the quarter declined from 7.2% in 4QFY19 to 4.6% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.6% QoQ during the same period.
  • The company's operating profit declined by 21.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.6% in 4QFY20 as against 14.2% in 3QFY19.
  • Net profit for the quarter declined by 44.2% QoQ, while net profit margins declined from 7.3% in 3QFY19 to 4.6% in 4QFY20.

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 1,407.1 to Rs 1,446.0, registering a Gain of Rs 39.0 or around 2.8%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 11,599.4 (down 3.9%). Over the last one year it has moved down from 15,270.4 to 11,599.4, a loss of 3,671 points (down 24.0%).

Overall, the S&P BSE SENSEX is down 18.1% over the year.

Current Valuations

At the current price of Rs 1,446.0, the price to earnings (P/E) ratio of RELIANCE IND. stands at 23.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.4 times.

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