ATUL Announces Quarterly Results (1QFY22); Net Profit Up 38.7%

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ATUL Announces Quarterly Results (1QFY22); Net Profit Up 38.7%
Mon, 26 Jul

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

ATUL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m6,60611,15910,802-3.2%63.5%
Other incomeRs m41418629659.0%-28.5%
TurnoverRs m7,02011,34611,098-2.2%58.1%
ExpensesRs m5,0278,6168,441-2.0%67.9%
Gross profitRs m1,5792,5432,361-7.2%49.5%
DepreciationRs m33136643318.2%30.6%
InterestRs m272421-12.7%-22.8%
Profit before taxRs m1,6352,3402,204-5.8%34.8%
TaxRs m459595572-3.8%24.8%
Profit after taxRs m1,1771,7461,632-6.5%38.7%
Gross profit margin%23.922.821.9
Effective tax rate%28.025.426.0
Net profit margin%16.815.414.7
* 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 63.5% on a year-on-year (YoY) basis. The expenses were up by 67.9% YoY during the same period.
  • The company's operating profit increased by 49.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.9% in 1QFY22 as against 23.9% in 1QFY21.
  • Depreciation charges increased by 30.6% and finance costs declined by 22.8% YoY, respectively.
  • Other income declined by 28.5% YoY during the quarter.
  • Net profit for the quarter increased by 38.7% YoY. Net profit margins during the quarter declined from 16.8% in 1QFY21 to 14.7% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.0% QoQ during the same period.
  • The company's operating profit declined by 7.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.9% in 1QFY22 as against 22.8% in 4QFY21.
  • Net profit for the quarter declined by 6.5% QoQ, while net profit margins declined from 15.4% in 4QFY21 to 14.7% in 1QFY22.

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

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ATUL Share Price Performance

Over the last one year, ATUL share price has moved up from Rs 4,924.7 to Rs 9,070.0, registering a Gain of Rs 4,145.4 or around 84.2%.

Overall, the S&P BSE SENSEX is up 39.5% over the year.

Current Valuations

At the current price of Rs 9,070.0, the price to earnings (P/E) ratio of ATUL stands at 38.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.0 times.

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