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

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RAYMOND Announces Quarterly Results (2QFY20); Net Profit Up 23.8%
Fri, 1 Nov

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

RAYMOND Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m18,47814,35118,83231.2%1.9%
Other incomeRs m280348296-15.0%5.9%
TurnoverRs m18,75714,69919,12830.1%2.0%
ExpensesRs m16,61313,25716,76126.4%0.9%
Gross profitRs m1,8581,0932,07089.4%11.4%
DepreciationRs m5028138605.8%71.2%
InterestRs m6037367907.3%31.1%
Profit before taxRs m1,033-107717-30.6%
TaxRs m36711-107-1048.7%-129.2%
Profit after taxRs m666-11882423.8%
Gross profit margin%10.17.611.0
Effective tax rate%35.6-10.6-15.0
Net profit margin%3.5-0.84.3
* 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 1.9% on a year-on-year (YoY) basis. The expenses were up by 0.9% YoY during the same period.
  • The company's operating profit increased by 11.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.0% in 2QFY20 as against 10.1% in 2QFY19.
  • Depreciation charges increased by 71.2% and finance costs increased by 31.1% YoY, respectively.
  • Other income increased by 5.9% YoY during the quarter.
  • Net profit for the quarter increased by 23.8% YoY. Net profit margins during the quarter increased from 3.5% in 2QFY19 to 4.3% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 31.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 26.4% QoQ during the same period.
  • The company's operating profit increased by 89.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.0% in 2QFY20 as against 7.6% in 1QFY19.
  • Net profit for the quarter increased by 796.1% QoQ, while net profit margins increased from -0.8% in 1QFY19 to 4.3% in 2QFY20.

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

Tomorrow at 5pm: Get the details of India's #1 defence stock

RAYMOND Share Price Performance

Over the last one year,RAYMOND share price has moved down from Rs 765.9 to Rs 581.9, registering a Loss of Rs 184.0 or around 24.0%.

Overall, the S&P BSE SENSEX is up 16.7% over the year.

Current Valuations

At the current price of Rs 581.9, the price to earnings (P/E) ratio of RAYMOND stands at 19.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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Oct 21, 2020 03:34 PM

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