X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
RAYMOND Announces Quarterly Results (3QFY19); Net Profit Up 53.1%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

RAYMOND Announces Quarterly Results (3QFY19); Net Profit Up 53.1%
Thu, 24 Jan

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

RAYMOND Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m14,84218,47816,752-9.3%12.9%
Other incomeRs m2932803059.2%4.1%
TurnoverRs m15,13618,75717,057-9.1%12.7%
ExpensesRs m13,82716,61315,206-8.5%10.0%
Gross profitRs m1,0151,8581,534-17.5%51.0%
DepreciationRs m430502480-4.4%11.7%
InterestRs m45760370416.9%54.1%
Profit before taxRs m4221,033655-36.7%55.2%
TaxRs m127367204-44.5%60.1%
Profit after taxRs m294666451-32.3%53.1%
Gross profit margin%6.810.19.2
Effective tax rate%30.235.631.1
Net profit margin%1.93.52.6
* 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 12.9% on a year-on-year (YoY) basis. The expenses were up by 10.0% YoY during the same period.
  • The company's operating profit increased by 51.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.2% in 3QFY19 as against 6.8% in 3QFY18.
  • Depreciation charges increased by 11.7% and finance costs increased by 54.1% YoY, respectively.
  • Other income increased by 4.1% YoY during the quarter.
  • Net profit for the quarter increased by 53.1% YoY. Net profit margins during the quarter increased from 1.9% in 3QFY18 to 2.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.5% QoQ during the same period.
  • The company's operating profit declined by 17.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.2% in 3QFY19 as against 10.1% in 2QFY18.
  • Net profit for the quarter declined by 32.3% QoQ, while net profit margins declined from 3.6% in 2QFY18 to 2.6% in 3QFY19.

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 1,123.6 to Rs 799.0, registering a Loss of Rs 324.6 or around 28.9%.

Overall, the S&P BSE SENSEX is down 0.1% over the year.

Current Valuations

At the current price of Rs 799.0, the price to earnings (P/E) ratio of RAYMOND stands at 29.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.

Equitymaster requests your view! Post a comment on "RAYMOND Announces Quarterly Results (3QFY19); Net Profit Up 53.1%". Click here!

  

Related Views on News

RAYMOND Announces Quarterly Results (4QFY19); Net Profit Up 32.8% (Quarterly Result Update)

May 2, 2019 | Updated on May 2, 2019

For the quarter ended March 2019, RAYMOND has posted a net profit of Rs 691 m (up 32.8% YoY). Sales on the other hand came in at Rs 18 bn (up 11.0% YoY). Read on for a complete analysis of RAYMOND's quarterly results.

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

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, RAYMOND has posted a net profit of Rs 666 m (up 1.3% YoY). Sales on the other hand came in at Rs 18 bn (up 15.8% YoY). Read on for a complete analysis of RAYMOND's quarterly results.

Discover the Secrets of Hidden Smallcaps From These AGMs (The 5 Minute Wrapup)

May 26, 2017

Don't be surprised to come across some Super Investors there!

More Views on News

Most Popular

3 Indian Stocks Replicating Amazon's Successful Strategy(The 5 Minute Wrapup)

May 10, 2019

The one critical element that has made Amazon a force to reckon with...

My Top 7 Stocks to Profit from Sensex 100,000(The 5 Minute Wrapup)

May 16, 2019

Tanushree Banerjee explains everything you need to know about the Rebirth of India and Sensex 100,000.

A Simple Checklist for Picking Great Dividend Stocks(Profit Hunter)

May 9, 2019

A filtered, neat list of high-dividend stocks with all this dirty work already done for you.

3 Stocks to Bet on to Become a 'Dividend Millionaire'(Profit Hunter)

May 14, 2019

As markets continue to rattle amid earning season, upcoming elections, volatile crude price and US China trade war, it's a great idea to add some stability to your portfolio by adding dividend stocks.

The Bitter Pill that Will Lay the Foundation for Sensex 100,000(The 5 Minute Wrapup)

May 14, 2019

These companies will help the Sensex more than double from current levels.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

RAYMOND SHARE PRICE


May 21, 2019 12:37 PM

TRACK RAYMOND

  • Track your investment in RAYMOND with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

COMPARE RAYMOND WITH

MARKET STATS