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SHREE RENUKA SUGARS Announces Quarterly Results (3QFY19); Net Profit Up 103.0%

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SHREE RENUKA SUGARS Announces Quarterly Results (3QFY19); Net Profit Up 103.0%
Mon, 25 Feb

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

SHREE RENUKA SUGARS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m17,5889,20611,02919.8%-37.3%
Other incomeRs m18235853-85.2%-70.9%
TurnoverRs m17,7709,56411,08215.9%-37.6%
ExpensesRs m17,25010,1278,859-12.5%-48.6%
Gross profitRs m-23,7624,6952,170-53.8%
DepreciationRs m328540530-1.9%61.6%
InterestRs m1,1131,7051,007-40.9%-9.5%
Profit before taxRs m-25,0212,808686-75.6%
TaxRs m-2,347-570
Profit after taxRs m-22,6742,865686-76.1%
Gross profit margin%-135.151.019.7
Effective tax rate%9.4-2.00.0
Net profit margin%-127.630.06.2
* 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 fell 37.3% on a year-on-year (YoY) basis. The expenses were down by 48.6% YoY during the same period.
  • The company's operating profit declined by 109.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.7% in 3QFY19 as against 135.1% in 3QFY18.
  • Depreciation charges increased by 61.6% and finance costs declined by 9.5% YoY, respectively.
  • Other income declined by 70.9% YoY during the quarter.
  • Net profit for the quarter increased by 103.0% YoY. Net profit margins during the quarter increased from -127.6% in 3QFY18 to 6.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 19.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.5% QoQ during the same period.
  • The company's operating profit declined by 53.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.7% in 3QFY19 as against 51.0% in 2QFY18.
  • Net profit for the quarter declined by 76.1% QoQ, while net profit margins declined from 30.0% in 2QFY18 to 6.2% in 3QFY19.

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 16.1 to Rs 10.5, registering a Loss of Rs 5.5 or around 34.5%.

Overall, the S&P BSE SENSEX is up 6.3% over the year.

Current Valuations

At the current price of Rs 10.5, the price to book value (P/BV) ratio of SHREE RENUKA SUGARS stands at -0.3 times.

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SHREE RENUKA SUGARS 2017-18 Annual Report Analysis (Annual Result Update)

Dec 19, 2018 | Updated on Dec 19, 2018

Here's an analysis of the annual report of SHREE RENUKA SUGARS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of SHREE RENUKA SUGARS. Also includes updates on the valuation of SHREE RENUKA SUGARS.

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

Nov 5, 2018 | Updated on Nov 5, 2018

For the quarter ended September 2018, SHREE RENUKA SUGARS has posted a net profit of Rs 3 bn (up 339.5% YoY). Sales on the other hand came in at Rs 9 bn (down 32.6% YoY). Read on for a complete analysis of SHREE RENUKA SUGARS's quarterly results.

SHREE RENUKA SUGARS Announces Quarterly Results (4QFY18); Net Profit Up 386.3% (Quarterly Result Update)

Jul 20, 2018 | Updated on Jul 20, 2018

For the quarter ended March 2018, SHREE RENUKA SUGARS has posted a net profit of Rs 4 bn (up 386.3% YoY). Sales on the other hand came in at Rs 11 bn (down 46.8% YoY). Read on for a complete analysis of SHREE RENUKA SUGARS's quarterly results.

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