ALOK INDUSTRIES Announces Quarterly Results (2QFY22); Net Profit Down 101.7%

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ALOK INDUSTRIES Announces Quarterly Results (2QFY22); Net Profit Down 101.7%
Wed, 20 Oct

ALOK INDUSTRIES has announced its results for the quarter ended September 2021. Here is a detailed performance review of the same:

ALOK INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-20*
3
Jun-21*
3
Sep-21*
QoQ ChangeYoY Change
Net SalesRs m8,13112,64419,04650.6%134.2%
Other incomeRs m2656596.8%125.5%
TurnoverRs m8,15712,70019,10550.4%134.2%
ExpensesRs m8,33911,64917,90453.7%114.7%
Gross profitRs m50,0099951,14214.7%-97.7%
DepreciationRs m5608458480.3%51.4%
InterestRs m1,2861,1801,1921.0%-7.3%
Profit before taxRs m48,189-974-839-101.7%
TaxRs m20000-100.0%
Profit after taxRs m47,989-974-839-101.7%
Gross profit margin%615.17.96.0
Effective tax rate%0.40.00.0
Net profit margin%588.3-7.7-4.4
* 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 134.2% on a year-on-year (YoY) basis. The expenses were up by 114.7% YoY during the same period.
  • The company's operating profit declined by 97.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.0% in 2QFY22 as against 615.1% in 2QFY21.
  • Depreciation charges increased by 51.4% and finance costs declined by 7.3% YoY, respectively.
  • Other income increased by 125.5% YoY during the quarter.
  • Net profit for the quarter declined by 101.7% YoY. Net profit margins during the quarter declined from 588.3% in 2QFY21 to -4.4% in 2QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 50.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 53.7% QoQ during the same period.
  • The company's operating profit increased by 14.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.0% in 2QFY22 as against 7.9% in 1QFY21.
  • Net profit for the quarter increased by 13.9% QoQ, while net profit margins increased from -7.7% in 1QFY21 to -4.4% in 2QFY22.

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

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ALOK INDUSTRIES Share Price Performance

Over the last one year, ALOK INDUSTRIES share price has moved up from Rs 21.9 to Rs 23.1, registering a Gain of Rs 1.2 or around 5.5%.

Overall, the S&P BSE SENSEX is up 52.0% over the year.

Current Valuations

At the current price of Rs 23.1, the price to book value (P/BV) ratio of ALOK INDUSTRIES stands at -0.6 times.

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Related Views on News

ALOK INDUSTRIES Announces Quarterly Results (4QFY21); Net Profit Down 127.9% (Quarterly Result Update)

Jul 8, 2021 | Updated on Jul 8, 2021

For the quarter ended March 2021, ALOK INDUSTRIES has posted a net profit of Rs 5 bn (down 127.9% YoY). Sales on the other hand came in at Rs 15 bn (up 96.1% YoY). Read on for a complete analysis of ALOK INDUSTRIES's quarterly results.

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