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RUCHI SOYA INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Down 99.7%

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RUCHI SOYA INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Down 99.7%
Mon, 18 Feb

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

RUCHI SOYA INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m30,24831,42734,73610.5%14.8%
Other incomeRs m25117126454.5%5.2%
TurnoverRs m30,49931,59835,00110.8%14.8%
ExpensesRs m46,48231,08234,55711.2%-25.7%
Gross profitRs m22,899345180-47.9%-99.2%
DepreciationRs m3513353638.4%3.6%
InterestRs m3,2332418-24.6%-99.5%
Profit before taxRs m19,56615763-59.9%-99.7%
TaxRs m0000.0%-100.0%
Profit after taxRs m19,56615763-59.9%-99.7%
Gross profit margin%75.71.10.5
Effective tax rate%0.00.00.0
Net profit margin%64.20.50.2
* 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 14.8% on a year-on-year (YoY) basis. The expenses were down by 25.7% YoY during the same period.
  • The company's operating profit declined by 99.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.5% in 3QFY19 as against 75.7% in 3QFY18.
  • Depreciation charges increased by 3.6% and finance costs declined by 99.5% YoY, respectively.
  • Other income increased by 5.2% YoY during the quarter.
  • Net profit for the quarter declined by 99.7% YoY. Net profit margins during the quarter declined from 64.2% in 3QFY18 to 0.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.2% QoQ during the same period.
  • The company's operating profit declined by 47.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.5% in 3QFY19 as against 1.1% in 2QFY18.
  • Net profit for the quarter declined by 59.9% QoQ, while net profit margins declined from 0.5% in 2QFY18 to 0.2% in 3QFY19.

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 16.3 to Rs 6.1, registering a Loss of Rs 10.2 or around 62.5%.

Overall, the S&P BSE SENSEX is up 3.6% over the year.

Current Valuations

At the current price of Rs 6.1, the price to book value (P/BV) ratio of RUCHI SOYA INDUSTRIES stands at 0.2 times.

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For the quarter ended September 2018, RUCHI SOYA INDUSTRIES has posted a net profit of Rs 157 m (down 99.5% YoY). Sales on the other hand came in at Rs 31 bn (up 1.7% YoY). Read on for a complete analysis of RUCHI SOYA INDUSTRIES's quarterly results.

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