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SHREE RENUKA SUGARS Announces Quarterly Results (2QFY19); Net Profit Up 339.5%

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SHREE RENUKA SUGARS Announces Quarterly Results (2QFY19); Net Profit Up 339.5%
Mon, 5 Nov

SHREE RENUKA SUGARS has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

SHREE RENUKA SUGARS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m13,6529,6609,206-4.7%-32.6%
Other incomeRs m38173582005.9%842.1%
TurnoverRs m13,6909,6779,564-1.2%-30.1%
ExpensesRs m13,6009,62410,1275.2%-25.5%
Gross profitRs m-180364,69512941.7%
DepreciationRs m326541540-0.2%65.6%
InterestRs m1,1381,3871,70522.9%49.8%
Profit before taxRs m-1,606-1,8752,808
TaxRs m-410-87-57
Profit after taxRs m-1,196-1,7882,865
Gross profit margin%-1.30.451.0
Effective tax rate%25.54.6-2.0
Net profit margin%-8.7-18.530.0
* 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 32.6% on a year-on-year (YoY) basis. The expenses were down by 25.5% YoY during the same period.
  • The company's operating profit declined by 2708.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 51.0% in 2QFY19 as against 1.3% in 2QFY18.
  • Depreciation charges increased by 65.6% and finance costs increased by 49.8% YoY, respectively.
  • Other income increased by 842.1% YoY during the quarter.
  • Net profit for the quarter increased by 339.5% YoY. Net profit margins during the quarter increased from -8.7% in 2QFY18 to 30.0% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.2% QoQ during the same period.
  • The company's operating profit increased by 12941.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 51.0% in 2QFY19 as against 0.4% in 1QFY18.
  • Net profit for the quarter increased by 260.2% QoQ, while net profit margins increased from -18.5% in 1QFY18 to 30.0% in 2QFY19.

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 up from Rs 15.2 to Rs 13.2, registering a Loss of Rs 2.1 or around 13.5%.

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 13.2, the price to book value (P/BV) ratio of SHREE RENUKA SUGARS stands at -0.3 times.

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