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- RUCHI SOYA INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Down 99.5%
RUCHI SOYA INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Down 99.5%
Tue, 27 Nov
RUCHI SOYA INDUSTRIES has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:
RUCHI SOYA INDUSTRIES Quarterly Financials
| No. of Mths Qtr. Ending | 3 Sep-17* | 3 Jun-18* | 3 Sep-18* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 30,888 | 29,729 | 31,427 | 5.7% | 1.7% |
| Other income | Rs m | 35 | 197 | 171 | -13.0% | 392.3% |
| Turnover | Rs m | 30,922 | 29,925 | 31,598 | 5.6% | 2.2% |
| Expenses | Rs m | 59,056 | 29,331 | 31,082 | 6.0% | -47.4% |
| Gross profit | Rs m | 34,799 | 398 | 345 | -13.4% | -99.0% |
| Depreciation | Rs m | 355 | 350 | 335 | -4.2% | -5.8% |
| Interest | Rs m | 2,995 | 19 | 24 | 25.7% | -99.2% |
| Profit before tax | Rs m | 31,484 | 226 | 157 | -30.5% | -99.5% |
| Tax | Rs m | 2,657 | 0 | 0 | 0.0% | -100.0% |
| Profit after tax | Rs m | 28,827 | 226 | 157 | -30.5% | -99.5% |
| Gross profit margin | % | 112.7 | 1.3 | 1.1 | ||
| Effective tax rate | % | 8.4 | 0.0 | 0.0 | ||
| Net profit margin | % | 93.2 | 0.8 | 0.5 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 1.7% on a year-on-year (YoY) basis. The expenses were down by 47.4% YoY during the same period.
- The company's operating profit declined by 99.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.1% in 2QFY19 as against 112.7% in 2QFY18.
- Depreciation charges declined by 5.8% and finance costs declined by 99.2% YoY, respectively.
- Other income increased by 392.3% YoY during the quarter.
- Net profit for the quarter declined by 99.5% YoY. Net profit margins during the quarter declined from 93.2% in 2QFY18 to 0.5% in 2QFY19.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 5.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.0% QoQ during the same period.
- The company's operating profit declined by 13.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.1% in 2QFY19 as against 1.3% in 1QFY18.
- Net profit for the quarter declined by 30.5% QoQ, while net profit margins declined from 0.8% in 1QFY18 to 0.5% in 2QFY19.
To see how RUCHI SOYA INDUSTRIES has performed over the last eight quarters, please visit here.
RUCHI SOYA INDUSTRIES Share Price Performance
Over the last one year, RUCHI SOYA INDUSTRIES share price has moved up from Rs 24.9 to Rs 6.1, registering a Loss of Rs 18.8 or around 75.5%.
Overall, the S&P BSE SENSEX is up 5.0% over the year.
Current Valuations
At the current price of Rs 6.1, the price to earnings (P/E) ratio of RUCHI SOYA INDUSTRIES stands at 0.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.2 times.
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