Wednesday, January 18, 2012

Raymond Limited = RESULTS FOR = Q3 FY 2012 = Q/E DEC,2011 = CON-NET SALES UP 12%YoY;CONS-NPT 61 CR (AGNST LOSS OF RS.74 CR)


Raymond Limited
NSE Symbol        RAYMOND

RAYMOND LTD has declared results for qtr ending Dec,2011.

CONSOLIDATED RESULTS

Net Sales stands at Rs.952.08 Cr in Q3 FY 12– compared to Rs.977.92 cr (down by -2.64%)  in previous qtr of Q2 FY 12 and proportionately (Q3FY 12 x 4) to the full FY 11 figure of Rs.3035.91 cr (Up by 25.44%).

Total Expenditure stands at Rs.842.60 cr in Q3 FY 12 – compared to Rs.853.13 Cr (down by -1.23%) in previous Qtr and proportionately to FY 11 figure of Rs.2786.22 Cr (Up by 20.97%)

Profit from Operations stands at Rs.113.36 cr in Q3 FY 12– compared to Rs.133.25 Cr(down by -14.93%) in previous Qtr – and Rs.280.85 Cr (Up proportionately by 61.45%) in the full FY 11.

Profit before tax  stands at Rs.82.14 cr in Q3 FY 12 – compared to Q2 FY 12 of Rs.108.37 Cr (down by -24.20%) and the FY 11 total figure of Rs(-)6.91 Cr.

Tax Expense stands at Rs.24.37 cr in Q3 Fy 12 – compared to Rs.30.95 Cr (down by -21.26%) -  and Rs.(-)44.34 Cr in the total of FY 11.

Net Profit stands at Rs.    57.77 cr in Q3 FY 12 – compared to Rs.77.42 Cr in Q2 FY 12 (down by -25.38%) and Rs.37.43 Cr in the total of FY 11.

Consolidated Net Profit      stands at Rs.60.89 cr in current Qtr – compared to Rs.80.96 Cr in Q2 FY 12 (down by -24.79%) and Rs.53.69 cr in the whole of FY 11. (proportionately more by 353.64%).

Basic EPS on a face value of Rs.10 stands at Rs.9.92 in Q3 FY 12 – compared to Rs.13.19 in Q2 FY 12  and Rs.8.75 in the whole of FY 11.

Current MP is Rs.332, while the 52 week high price is Rs.417.70 and the 52 week low price is Rs.242.30.

Last year EPS is a Paltry Rs.8.75. Therefore, it is difficult to estimate the current year EPS. Going by current trend, current year consolidated EPS may touch Rs.35. On this basis, the PE Ratio comes to around 12.

WHAT COMPANY SAYS :

Consolidated Net Sales grew by 12% on YoY basis To Rs.952 Cr

Consolidated Net profit of Rs.61 Cr as against the loss of Rs.74 Cr in the corresponding previous Qtr.

The Net profit up to Dec,2011 is Rs.153 Cr, while the Net sales is Rs.2693 cr.

The CMD says – after a robust performance in the first half of the current financial year, the third quarter has been more challenging. Consumer sentiment has been impacted mainly due to high inflation…”

CONSOLIDATED RESULTS TABLE

Q3FY12
%DIF1
%DIF2
Net Sales
95208
97,792.00
-2.64
303,591.00
25.44
Other Oprtng Income
388
846
-54.14
3,116.00
-50.19
Increase in SIT/WIP
-2962
-7,330.00
-59.59
-10,936.00
8.34
Raw Materials
25689
33,425.00
-23.14
91,797.00
11.94
Traded goods
9401
9,017.00
4.26
20,624.00
82.33
Employees Cost
12688
12,356.00
2.69
45,573.00
11.36
Depreciation
4326
3,894.00
11.09
16,080.00
7.61
Other Expenditure
35118
33,951.00
3.44
115,484.00
21.64
Total Expenditure
84260
85,313.00
-1.23
278,622.00
20.97
Profit from Operations
11336
13,325.00
-14.93
28,085.00
61.45
Other Income
838
1,306.00
-35.83
3,720.00
-9.89
Interest
3960
3,794.00
4.38
11,975.00
32.28
Exceptional items
-
-

20,521.00

Profit before tax
8214
10,837.00
-24.20
-691
-4854.85
Tax Expense
2437
3,095.00
-21.26
-4,434.00
-319.85
Net Profit
5777
7,742.00
-25.38
3,743.00
517.37
Minority Interest
40
46
-13.04
126
26.98
Shares of Associates
-352
-400
-12.00
-1,234.00
14.1
Other Related Items
-
-

-518

Consolidated Net Profit
6089
8,096.00
-24.79
5,369.00
353.64
Face Value (in Rs.)
10
10
0.00
10
300
Paid-up Equity
6138
6,138.00
0.00
6,138.00
300
Reserves
-
-

115,879.00

Basic EPS
9.92
13.19
-24.79
8.75
353.49
Public holding (%)
60.71
60.59
0.20
59.57


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