SHREE RENUKA SUGARS Announces Quarterly Results (1QFY20); Net Profit Up 11.1%

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SHREE RENUKA SUGARS Announces Quarterly Results (1QFY20); Net Profit Up 11.1%
Thu, 8 Aug

SHREE RENUKA SUGARS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

SHREE RENUKA SUGARS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m9,66013,0749,541-27.0%-1.2%
Other incomeRs m171,289858-33.4%4947.1%
TurnoverRs m9,67714,36310,399-27.6%7.5%
ExpensesRs m9,62411,82810,036-15.2%4.3%
Gross profitRs m36579-495-185.5%-1475.0%
DepreciationRs m541523487-6.9%-10.0%
InterestRs m1,3871,3111,44810.5%4.4%
Profit before taxRs m-1,87534-1,572-4723.5%
TaxRs m-870180.0%
Profit after taxRs m-1,78834-1,590-4776.5%
Gross profit margin%0.44.4-5.2
Effective tax rate%4.60.0-1.1
Net profit margin%-18.50.2-15.3
* 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 fell 1.2% on a year-on-year (YoY) basis. The expenses were up by 4.3% YoY during the same period.
  • The company's operating profit declined by 1475.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.2% in 1QFY20 as against 0.4% in 1QFY19.
  • Depreciation charges declined by 10.0% and finance costs increased by 4.4% YoY, respectively.
  • Other income increased by 4947.1% YoY during the quarter.
  • Net profit for the quarter increased by 11.1% YoY. Net profit margins during the quarter increased from -18.5% in 1QFY19 to -15.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 27.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 15.2% QoQ during the same period.
  • The company's operating profit declined by 185.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.2% in 1QFY20 as against 4.4% in 4QFY19.
  • Net profit for the quarter declined by 4776.5% QoQ, while net profit margins declined from 0.2% in 4QFY19 to -15.3% in 1QFY20.

To see how SHREE RENUKA SUGARS has performed over the last eight quarters,please visit here.

SHREE RENUKA SUGARS Share Price Performance

Over the last one year,SHREE RENUKA SUGARS share price has moved down from Rs 12.5 to Rs 7.0, registering a Loss of Rs 5.5 or around 43.8%.

Overall, the S&P BSE SENSEX is down 1.4% over the year.

Current Valuations

At the current price of Rs 7.0, the price to earnings (P/E) ratio of SHREE RENUKA SUGARS stands at 3.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at -0.2 times.

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May 28, 2020 (Close)

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