AARTI INDUSTRIES Announces Quarterly Results (4QFY21); Net Profit Up 26.3%

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AARTI INDUSTRIES Announces Quarterly Results (4QFY21); Net Profit Up 26.3%
Thu, 8 Jul

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

AARTI INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-20*
3
Dec-20*
3
Mar-21*
QoQ ChangeYoY Change
Net SalesRs m10,76211,86812,0941.9%12.4%
Other incomeRs m440-97.7%-97.6%
TurnoverRs m10,76611,87212,0941.9%12.3%
ExpensesRs m8,5729,0189,4915.2%10.7%
Gross profitRs m2,1892,8502,603-8.7%18.9%
DepreciationRs m49358765611.9%33.2%
InterestRs m34017321625.1%-36.4%
Profit before taxRs m1,3612,0941,731-17.4%27.2%
TaxRs m257403337-16.3%31.0%
Profit after taxRs m1,1041,6921,393-17.6%26.3%
Gross profit margin%20.324.021.5
Effective tax rate%18.919.219.5
Net profit margin%10.314.311.5
* 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 12.4% on a year-on-year (YoY) basis. The expenses were up by 10.7% YoY during the same period.
  • The company's operating profit increased by 18.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.5% in 4QFY21 as against 20.3% in 4QFY20.
  • Depreciation charges increased by 33.2% and finance costs declined by 36.4% YoY, respectively.
  • Other income declined by 97.6% YoY during the quarter.
  • Net profit for the quarter increased by 26.3% YoY. Net profit margins during the quarter increased from 10.3% in 4QFY20 to 11.5% in 4QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.2% QoQ during the same period.
  • The company's operating profit declined by 8.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.5% in 4QFY21 as against 24.0% in 3QFY20.
  • Net profit for the quarter declined by 17.6% QoQ, while net profit margins declined from 14.3% in 3QFY20 to 11.5% in 4QFY21.

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

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AARTI INDUSTRIES Share Price Performance

Over the last one year, AARTI INDUSTRIES share price has moved up from Rs 470.2 to Rs 845.8, registering a Gain of Rs 375.6 or around 79.9%.

Overall, the S&P BSE SENSEX is up 44.0% over the year.

Current Valuations

At the current price of Rs 845.8, the price to earnings (P/E) ratio of AARTI INDUSTRIES stands at 27.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.9 times.

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