RUBY MILLS Announces Quarterly Results (3QFY19); Net Profit Down 44.5%

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RUBY MILLS Announces Quarterly Results (3QFY19); Net Profit Down 44.5%
Mon, 25 Feb

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

RUBY MILLS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m442473426-9.9%-3.7%
Other incomeRs m27171910.8%-29.4%
TurnoverRs m470491445-9.2%-5.2%
ExpensesRs m316356340-4.5%7.8%
Gross profitRs m12611786-26.7%-32.2%
DepreciationRs m3534354.2%-1.3%
InterestRs m26212416.0%-7.9%
Profit before taxRs m928046-42.6%-50.2%
TaxRs m25279-68.2%-65.4%
Profit after taxRs m675337-29.3%-44.5%
Gross profit margin%28.624.720.1
Effective tax rate%27.234.118.9
Net profit margin%14.310.78.4
* 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 3.7% on a year-on-year (YoY) basis. The expenses were up by 7.8% YoY during the same period.
  • The company's operating profit declined by 32.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.1% in 3QFY19 as against 28.6% in 3QFY18.
  • Depreciation charges declined by 1.3% and finance costs declined by 7.9% YoY, respectively.
  • Other income declined by 29.4% YoY during the quarter.
  • Net profit for the quarter declined by 44.5% YoY. Net profit margins during the quarter declined from 14.3% in 3QFY18 to 8.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.5% QoQ during the same period.
  • The company's operating profit declined by 26.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.1% in 3QFY19 as against 24.7% in 2QFY18.
  • Net profit for the quarter declined by 29.3% QoQ, while net profit margins declined from 10.8% in 2QFY18 to 8.4% in 3QFY19.

To see how RUBY MILLS has performed over the last eight quarters, please visit here.

RUBY MILLS Share Price Performance

Over the last one year, RUBY MILLS share price has moved up from Rs 331.0 to Rs 267.9, registering a Loss of Rs 63.1 or around 19.1%.

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

Current Valuations

At the current price of Rs 267.9, the price to earnings (P/E) ratio of RUBY MILLS stands at 14.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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