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RUCHI SOYA INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Down 99.5%

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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 ChangeYoY Change
Net SalesRs m30,88829,72931,4275.7%1.7%
Other incomeRs m35197171-13.0%392.3%
TurnoverRs m30,92229,92531,5985.6%2.2%
ExpensesRs m59,05629,33131,0826.0%-47.4%
Gross profitRs m34,799398345-13.4%-99.0%
DepreciationRs m355350335-4.2%-5.8%
InterestRs m2,995192425.7%-99.2%
Profit before taxRs m31,484226157-30.5%-99.5%
TaxRs m2,657000.0%-100.0%
Profit after taxRs m28,827226157-30.5%-99.5%
Gross profit margin%112.71.31.1
Effective tax rate%8.40.00.0
Net profit margin%93.20.80.5
* 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 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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RUCHI SOYA INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Down 99.7% (Quarterly Result Update)

Feb 18, 2019 | Updated on Feb 18, 2019

For the quarter ended December 2018, RUCHI SOYA INDUSTRIES has posted a net profit of Rs 63 m (down 99.7% YoY). Sales on the other hand came in at Rs 35 bn (up 14.8% YoY). Read on for a complete analysis of RUCHI SOYA INDUSTRIES's quarterly results.

RUCHI SOYA INDUSTRIES Announces Quarterly Results (1QFY19); Net Profit Down 92.1% (Quarterly Result Update)

Aug 20, 2018 | Updated on Aug 20, 2018

For the quarter ended June 2018, RUCHI SOYA INDUSTRIES has posted a net profit of Rs 226 m (down 92.1% YoY). Sales on the other hand came in at Rs 30 bn (down 8.8% YoY). Read on for a complete analysis of RUCHI SOYA INDUSTRIES's quarterly results.

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