RSWM LTD Announces Quarterly Results (3QFY19); Net Profit Down 409.8%

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RSWM LTD Announces Quarterly Results (3QFY19); Net Profit Down 409.8%
Mon, 25 Feb

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

RSWM LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m7,8747,4056,894-6.9%-12.4%
Other incomeRs m60829010.0%50.4%
TurnoverRs m7,9347,4876,984-6.7%-12.0%
ExpensesRs m7,2296,8056,769-0.5%-6.4%
Gross profitRs m645600125-79.1%-80.6%
DepreciationRs m3053013082.5%1.2%
InterestRs m2952893148.4%6.1%
Profit before taxRs m10592-406-541.0%-485.8%
TaxRs m1311-121-1169.9%-1015.9%
Profit after taxRs m9281-285-453.1%-409.8%
Gross profit margin%8.28.11.8
Effective tax rate%12.512.329.8
Net profit margin%1.21.1-4.1
* 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 12.4% on a year-on-year (YoY) basis. The expenses were down by 6.4% YoY during the same period.
  • The company's operating profit declined by 80.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.8% in 3QFY19 as against 8.2% in 3QFY18.
  • Depreciation charges increased by 1.2% and finance costs increased by 6.1% YoY, respectively.
  • Other income increased by 50.4% YoY during the quarter.
  • Net profit for the quarter declined by 409.8% YoY. Net profit margins during the quarter declined from 1.2% in 3QFY18 to -4.1% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.5% QoQ during the same period.
  • The company's operating profit declined by 79.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.8% in 3QFY19 as against 8.1% in 2QFY18.
  • Net profit for the quarter declined by 453.1% QoQ, while net profit margins declined from 1.1% in 2QFY18 to -4.1% in 3QFY19.

To see how RSWM LTD has performed over the last eight quarters, please visit here.

RSWM LTD Share Price Performance

Over the last one year, RSWM LTD share price has moved up from Rs 330.6 to Rs 170.7, registering a Loss of Rs 159.9 or around 48.4%.

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

Current Valuations

At the current price of Rs 170.7, the price to book value (P/BV) ratio of RSWM LTD stands at 0.4 times.

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