RELIGARE ENT. Announces Quarterly Results (4QFY18); Net Profit Up 27.2%

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RELIGARE ENT. Announces Quarterly Results (4QFY18); Net Profit Up 27.2%
Mon, 4 Jun

RELIGARE ENT. has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

RELIGARE ENT. Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m18783-95.8%-81.0%
Other incomeRs m111299696.2%17613.7%
TurnoverRs m188013366.5%627.2%
ExpensesRs m6836470994.7%937.6%
Gross profitRs m-112-286-705
DepreciationRs m153-39.7%268.3%
InterestRs m3831271366.5%-64.5%
Profit before taxRs m-495-417-715
TaxRs m110-710.0%-756.3%
Profit after taxRs m-506-417-643
Gross profit margin%-640.8-364.5-21,181.4
Effective tax rate%-2.20.010.0
Net profit margin%-2,773.4-523.1-485.0
* 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 81.0% on a year-on-year (YoY) basis. The expenses were up by 937.6% YoY during the same period.
  • The company's operating profit increased by 528.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21181.4% in 4QFY18 as against 640.8% in 4QFY17.
  • Depreciation charges and finance costs increased by 268.3% YoY and 64.5% YoY, respectively.
  • Other income increased by 17613.7% YoY during the quarter.
  • Net profit for the quarter increased by 27.2% YoY. Net profit margins during the quarter increased from -2773.4% in 4QFY17 to 485.0% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 95.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 94.7% QoQ during the same period.
  • The company's operating profit declined by 146.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21181.4% in 4QFY18 as against 364.5% in 3QFY17.
  • Net profit for the quarter increased by 54.3% QoQ, while net profit margins increased from 521.3% in 3QFY17 to 485.0% in 4QFY18.

To see how RELIGARE ENT. has performed over the last eight quarters, please visit here.

RELIGARE ENT. Share Price Performance

Over the last one year, RELIGARE ENT. share price has moved up from Rs 184.9 to Rs 50.0, registering a Loss of Rs -134.9 or around 73.0%.

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

Current Valuations

At the current price of Rs 50.0, the price to earnings (P/E) ratio of RELIGARE ENT. stands at NM times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.2 times.

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