RELIGARE ENT. Announces Quarterly Results (3QFY19); Net Profit Up 75.2%
Fri, 22 Feb

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

RELIGARE ENT. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m78138-40.4%-90.1%
Other incomeRs m110111512.8%8575.0%
TurnoverRs m801151226.8%53.5%
ExpensesRs m3641071081.2%-70.3%
Gross profitRs m-286-94-100
DepreciationRs m522-10.9%-60.7%
InterestRs m127134116-13.7%-9.3%
Profit before taxRs m-417-128-103
TaxRs m0000.0%0.0%
Profit after taxRs m-417-128-103
Gross profit margin%-364.5-716.2-1,285.9
Effective tax rate%0.00.00.0
Net profit margin%-523.1-112.1-84.4
* 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 fell 90.1% on a year-on-year (YoY) basis. The expenses were down by 70.3% YoY during the same period.
  • The company's operating profit declined by 64.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1285.9% in 3QFY19 as against 364.5% in 3QFY18.
  • Depreciation charges declined by 60.7% and finance costs declined by 9.3% YoY, respectively.
  • Other income increased by 8575.0% YoY during the quarter.
  • Net profit for the quarter increased by 75.2% YoY. Net profit margins during the quarter increased from -523.1% in 3QFY18 to -84.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 40.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.2% QoQ during the same period.
  • The company's operating profit declined by 7.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1285.9% in 3QFY19 as against 716.2% in 2QFY18.
  • Net profit for the quarter increased by 19.6% QoQ, while net profit margins increased from -111.3% in 2QFY18 to -84.4% in 3QFY19.

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

RELIGARE ENT. Share Price Performance

Over the last one year, RELIGARE ENT. share price has moved up from Rs 54.4 to Rs 19.6, registering a Loss of Rs 34.8 or around 63.9%.

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 19.6, the price to book value (P/BV) ratio of RELIGARE ENT. stands at 0.2 times.