ADANI ENTERPRISES Announces Quarterly Results (1QFY22); Net Profit Up 232.4%

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ADANI ENTERPRISES Announces Quarterly Results (1QFY22); Net Profit Up 232.4%
Thu, 5 Aug

ADANI ENTERPRISES has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

ADANI ENTERPRISES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m52,652135,251125,788-7.0%138.9%
Other incomeRs m2,3681,6391,519-7.3%-35.9%
TurnoverRs m55,020136,890127,306-7.0%131.4%
ExpensesRs m52,012126,214117,823-6.6%126.5%
Gross profitRs m6407,2427,96410.0%1145.4%
DepreciationRs m1,2521,5621,256-19.6%0.4%
InterestRs m3,1324,3644,4311.5%41.5%
Profit before taxRs m-1,3752,9563,79528.4%
TaxRs m1118641,828111.5%1545.0%
Profit after taxRs m-1,4872,0911,968-5.9%
Gross profit margin%1.25.46.3
Effective tax rate%-8.129.248.2
Net profit margin%-2.71.51.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 138.9% on a year-on-year (YoY) basis. The expenses were up by 126.5% YoY during the same period.
  • The company's operating profit increased by 1145.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.3% in 1QFY22 as against 1.2% in 1QFY21.
  • Depreciation charges increased by 0.4% and finance costs increased by 41.5% YoY, respectively.
  • Other income declined by 35.9% YoY during the quarter.
  • Net profit for the quarter increased by 232.4% YoY. Net profit margins during the quarter increased from -2.7% in 1QFY21 to 1.5% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.6% QoQ during the same period.
  • The company's operating profit increased by 10.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.3% in 1QFY22 as against 5.4% in 4QFY21.
  • Net profit for the quarter declined by 5.9% QoQ, while net profit margins increased from 1.5% in 4QFY21 to 1.5% in 1QFY22.

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

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ADANI ENTERPRISES Share Price Performance

Over the last one year, ADANI ENTERPRISES share price has moved up from Rs 179.4 to Rs 1,432.0, registering a Gain of Rs 1,252.7 or around 698.4%.

Overall, the S&P BSE SENSEX is up 47.5% over the year.

Current Valuations

At the current price of Rs 1,432.0, the price to earnings (P/E) ratio of ADANI ENTERPRISES stands at 144.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.2 times.

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Jan 21, 2022 01:18 PM

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