AMBER ENTERPRISES INDIA Announces Quarterly Results (1QFY22); Net Profit Up 146.8%

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AMBER ENTERPRISES INDIA Announces Quarterly Results (1QFY22); Net Profit Up 146.8%
Mon, 9 Aug

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

AMBER ENTERPRISES INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m2,59515,9847,079-55.7%172.9%
Other incomeRs m308571-16.1%133.6%
TurnoverRs m2,62516,0697,150-55.5%172.4%
ExpensesRs m2,65014,5726,658-54.3%151.3%
Gross profitRs m-551,412422-70.1%
DepreciationRs m2292272447.1%6.5%
InterestRs m10210591-12.6%-10.6%
Profit before taxRs m-3561,164158-86.5%
TaxRs m-11740046-88.6%
Profit after taxRs m-239765112-85.4%
Gross profit margin%-2.18.86.0
Effective tax rate%32.834.329.0
Net profit margin%-9.14.81.6
* 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 172.9% on a year-on-year (YoY) basis. The expenses were up by 151.3% YoY during the same period.
  • The company's operating profit declined by 863.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.0% in 1QFY22 as against 2.1% in 1QFY21.
  • Depreciation charges increased by 6.5% and finance costs declined by 10.6% YoY, respectively.
  • Other income increased by 133.6% YoY during the quarter.
  • Net profit for the quarter increased by 146.8% YoY. Net profit margins during the quarter increased from -9.1% in 1QFY21 to 1.6% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 55.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 54.3% QoQ during the same period.
  • The company's operating profit declined by 70.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.0% in 1QFY22 as against 8.8% in 4QFY21.
  • Net profit for the quarter declined by 85.4% QoQ, while net profit margins declined from 4.8% in 4QFY21 to 1.6% in 1QFY22.

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

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AMBER ENTERPRISES INDIA Share Price Performance

Over the last one year, AMBER ENTERPRISES INDIA share price has moved up from Rs 1,785.2 to Rs 2,890.0, registering a Gain of Rs 1,104.9 or around 61.9%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 36,455.3 (down 0.3%). Over the last one year it has moved up from 22,070.1 to 36,455.3, a gain of 14,385 points (up 65.2%).

Overall, the S&P BSE SENSEX is up 44.4% over the year.

Current Valuations

At the current price of Rs 2,890.0, the price to earnings (P/E) ratio of AMBER ENTERPRISES INDIA stands at 82.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.6 times.

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Related Views on News

AMBER ENTERPRISES INDIA Announces Quarterly Results (4QFY21); Net Profit Up 21.7% (Quarterly Result Update)

Jul 8, 2021 | Updated on Jul 8, 2021

For the quarter ended March 2021, AMBER ENTERPRISES INDIA has posted a net profit of Rs 765 m (up 21.7% YoY). Sales on the other hand came in at Rs 16 bn (up 21.5% YoY). Read on for a complete analysis of AMBER ENTERPRISES INDIA's quarterly results.

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