RAYMOND Announces Quarterly Results (1QFY20); Net Profit Down 506.9%

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RAYMOND Announces Quarterly Results (1QFY20); Net Profit Down 506.9%
Mon, 5 Aug

RAYMOND has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

RAYMOND Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m12,50718,08714,351-20.7%14.7%
Other incomeRs m38528434822.6%-9.6%
TurnoverRs m12,89218,37114,699-20.0%14.0%
ExpensesRs m11,81816,41813,257-19.3%12.2%
Gross profitRs m6691,6691,093-34.5%63.4%
DepreciationRs m46651781357.3%74.3%
InterestRs m52649473649.1%40.0%
Profit before taxRs m62943-107-111.4%-272.2%
TaxRs m3325211-95.5%-65.9%
Profit after taxRs m29691-118-117.1%-506.9%
Gross profit margin%5.39.27.6
Effective tax rate%53.226.7-10.6
Net profit margin%0.23.8-0.8
* 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 14.7% on a year-on-year (YoY) basis. The expenses were up by 12.2% YoY during the same period.
  • The company's operating profit increased by 63.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.6% in 1QFY20 as against 5.3% in 1QFY19.
  • Depreciation charges increased by 74.3% and finance costs increased by 40.0% YoY, respectively.
  • Other income declined by 9.6% YoY during the quarter.
  • Net profit for the quarter declined by 506.9% YoY. Net profit margins during the quarter declined from 0.2% in 1QFY19 to -0.8% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 20.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 19.3% QoQ during the same period.
  • The company's operating profit declined by 34.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.6% in 1QFY20 as against 9.2% in 4QFY19.
  • Net profit for the quarter declined by 117.1% QoQ, while net profit margins declined from 3.8% in 4QFY19 to -0.8% in 1QFY20.

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

RAYMOND Share Price Performance

Over the last one year,RAYMOND share price has moved down from Rs 804.0 to Rs 620.8, registering a Loss of Rs 183.2 or around 22.8%.

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 620.8, the price to earnings (P/E) ratio of RAYMOND stands at 22.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.0 times.

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