RUCHI SOYA INDUSTRIES Announces Quarterly Results (1QFY21); Net Profit Down 12.5%

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RUCHI SOYA INDUSTRIES Announces Quarterly Results (1QFY21); Net Profit Down 12.5%
Tue, 1 Sep

RUCHI SOYA INDUSTRIES has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

RUCHI SOYA INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m31,12331,91030,431-4.6%-2.2%
Other incomeRs m133181141-22.1%5.6%
TurnoverRs m31,25732,09030,572-4.7%-2.2%
ExpensesRs m30,75131,17629,196-6.4%-5.1%
Gross profitRs m3726901,23579.0%232.0%
DepreciationRs m337342328-4.1%-2.7%
InterestRs m28940925-1.7%3238.9%
Profit before taxRs m140-412123-12.5%
TaxRs m0000.0%0.0%
Profit after taxRs m140-412123-12.5%
Gross profit margin%1.22.24.1
Effective tax rate%0.00.00.0
Net profit margin%0.4-1.30.4
* 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 2.2% on a year-on-year (YoY) basis. The expenses were down by 5.1% YoY during the same period.
  • The company's operating profit increased by 232.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.1% in 1QFY21 as against 1.2% in 1QFY20.
  • Depreciation charges declined by 2.7% and finance costs increased by 3238.9% YoY, respectively.
  • Other income increased by 5.6% YoY during the quarter.
  • Net profit for the quarter declined by 12.5% YoY. Net profit margins during the quarter declined from 0.4% in 1QFY20 to 0.4% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.4% QoQ during the same period.
  • The company's operating profit increased by 79.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.1% in 1QFY21 as against 2.2% in 4QFY20.
  • Net profit for the quarter increased by 129.7% QoQ, while net profit margins increased from -1.3% in 4QFY20 to 0.4% in 1QFY21.

To see how RUCHI SOYA INDUSTRIES has performed over the last eight quarters,please visit here.

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RUCHI SOYA INDUSTRIES Share Price Performance

Over the last one year,RUCHI SOYA INDUSTRIES share price has moved up from Rs 22.8 to Rs 618.0, registering a Gain of Rs 595.2 or around 2611.7%.

Overall, the S&P BSE SENSEX is up 5.9% over the year.

Current Valuations

At the current price of Rs 618.0, the price to earnings (P/E) ratio of RUCHI SOYA INDUSTRIES stands at 2.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at -3.9 times.

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