ATUL Announces Quarterly Results (2QFY21); Net Profit Down 18.6%

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ATUL Announces Quarterly Results (2QFY21); Net Profit Down 18.6%
Thu, 29 Oct

ATUL has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

ATUL Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m10,1306,0289,57058.8%-5.5%
Other incomeRs m24441182-80.0%-66.4%
TurnoverRs m10,3756,4389,65349.9%-7.0%
ExpensesRs m7,9924,6087,10054.1%-11.2%
Gross profitRs m2,1391,4192,47174.1%15.5%
DepreciationRs m2902952970.6%2.3%
InterestRs m437155.6%97.1%
Profit before taxRs m2,0901,5322,24946.8%7.6%
TaxRs m636355352.3%8812.9%
Profit after taxRs m2,0831,1701,69745.1%-18.6%
Gross profit margin%21.123.525.8
Effective tax rate%0.323.724.6
Net profit margin%20.118.217.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 5.5% on a year-on-year (YoY) basis. The expenses were down by 11.2% YoY during the same period.
  • The company's operating profit increased by 15.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.8% in 2QFY21 as against 21.1% in 2QFY20.
  • Depreciation charges increased by 2.3% and finance costs increased by 97.1% YoY, respectively.
  • Other income declined by 66.4% YoY during the quarter.
  • Net profit for the quarter declined by 18.6% YoY. Net profit margins during the quarter declined from 20.1% in 2QFY20 to 17.6% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 58.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 54.1% QoQ during the same period.
  • The company's operating profit increased by 74.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.8% in 2QFY21 as against 23.5% in 1QFY20.
  • Net profit for the quarter increased by 45.1% QoQ, while net profit margins declined from 18.2% in 1QFY20 to 17.6% in 2QFY21.

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 4,274.8 to Rs 6,077.0, registering a Gain of Rs 1,802.2 or around 42.2%.

Overall, the S&P BSE SENSEX is up 1.4% over the year.

Current Valuations

At the current price of Rs 6,077.0, the price to earnings (P/E) ratio of ATUL stands at 30.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.7 times.

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