RAYMOND Announces Quarterly Results (2QFY19); Net Profit Up 1.3%

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RAYMOND Announces Quarterly Results (2QFY19); Net Profit Up 1.3%
Fri, 9 Nov

RAYMOND has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

RAYMOND Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m15,95512,50718,47847.7%15.8%
Other incomeRs m209385280-27.4%33.5%
TurnoverRs m16,16412,89218,75745.5%16.0%
ExpensesRs m14,58211,81816,61340.6%13.9%
Gross profitRs m1,5826691,858177.8%17.4%
DepreciationRs m3864665027.7%30.1%
InterestRs m45752660314.6%31.9%
Profit before taxRs m949621,0331561.1%8.9%
TaxRs m292333671010.0%25.9%
Profit after taxRs m657296662188.0%1.3%
Gross profit margin%9.95.310.1
Effective tax rate%30.853.235.6
Net profit margin%4.10.23.5
* 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 15.8% on a year-on-year (YoY) basis. The expenses were up by 13.9% YoY during the same period.
  • The company's operating profit increased by 17.4% YoY during the quarter. Consequently, operating profit margins remained same and stood at 10.1% in 2QFY19.
  • Depreciation charges increased by 30.1% and finance costs increased by 31.9% YoY, respectively.
  • Other income increased by 33.5% YoY during the quarter.
  • Net profit for the quarter increased by 1.3% YoY. Net profit margins during the quarter declined from 4.1% in 2QFY18 to 3.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 47.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 40.6% QoQ during the same period.
  • The company's operating profit increased by 177.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.1% in 2QFY19 as against 5.3% in 1QFY18.
  • Net profit for the quarter increased by 2188.0% QoQ, while net profit margins increased from 0.2% in 1QFY18 to 3.5% in 2QFY19.

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 up from Rs 960.3 to Rs 764.0, registering a Loss of Rs 196.3 or around 20.4%.

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 764.0, the price to earnings (P/E) ratio of RAYMOND stands at 31.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

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For the quarter ended December 2019, RAYMOND has posted a net profit of Rs 376 m (down 16.7% YoY). Sales on the other hand came in at Rs 19 bn (up 12.6% YoY). Read on for a complete analysis of RAYMOND's quarterly results.

RAYMOND Announces Quarterly Results (2QFY20); Net Profit Up 23.8% (Quarterly Result Update)

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For the quarter ended September 2019, RAYMOND has posted a net profit of Rs 824 m (up 23.8% YoY). Sales on the other hand came in at Rs 19 bn (up 1.9% YoY). Read on for a complete analysis of RAYMOND's quarterly results.

RAYMOND 2018-19 Annual Report Analysis (Annual Result Update)

May 27, 2019 | Updated on May 27, 2019

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