SHREE RENUKA SUGARS Announces Quarterly Results (4QFY19); Net Profit Up 100.8%

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SHREE RENUKA SUGARS Announces Quarterly Results (4QFY19); Net Profit Up 100.8%
Tue, 21 May

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

SHREE RENUKA SUGARS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m11,31511,02913,07418.5%15.5%
Other incomeRs m19531,2892332.1%6684.2%
TurnoverRs m11,33411,08214,36329.6%26.7%
ExpensesRs m13,5778,85911,82833.5%-12.9%
Gross profitRs m-5,2892,170579-73.3%
DepreciationRs m569530523-1.3%-8.1%
InterestRs m1,4671,0071,31130.2%-10.6%
Profit before taxRs m-7,30668634-95.0%
TaxRs m-3,046000.0%
Profit after taxRs m-4,26068634-95.0%
Gross profit margin%-46.719.74.4
Effective tax rate%41.70.00.0
Net profit margin%-37.66.20.2
* 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 grew 15.5% on a year-on-year (YoY) basis. The expenses were down by 12.9% YoY during the same period.
  • The company's operating profit declined by 110.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.4% in 4QFY19 as against 46.7% in 4QFY18.
  • Depreciation charges declined by 8.1% and finance costs declined by 10.6% YoY, respectively.
  • Other income increased by 6684.2% YoY during the quarter.
  • Net profit for the quarter increased by 100.8% YoY. Net profit margins during the quarter increased from -37.6% in 4QFY18 to 0.2% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 33.5% QoQ during the same period.
  • The company's operating profit declined by 73.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.4% in 4QFY19 as against 19.7% in 3QFY18.
  • Net profit for the quarter declined by 95.0% QoQ, while net profit margins declined from 6.2% in 3QFY18 to 0.2% in 4QFY19.

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 15.8 to Rs 10.6, registering a Loss of Rs 5.2 or around 32.8%.

Overall, the S&P BSE SENSEX is up 13.9% over the year.

Current Valuations

At the current price of Rs 10.6, the price to earnings (P/E) ratio of SHREE RENUKA SUGARS stands at 5.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at -0.3 times.

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Related Views on News

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

Aug 8, 2019 | Updated on Aug 8, 2019

For the quarter ended June 2019, SHREE RENUKA SUGARS has posted a net profit of Rs 2 bn (up 11.1% YoY). Sales on the other hand came in at Rs 10 bn (down 1.2% YoY). Read on for a complete analysis of SHREE RENUKA SUGARS's quarterly results.

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