ATUL Announces Quarterly Results (3QFY21); Net Profit Up 9.5%

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ATUL Announces Quarterly Results (3QFY21); Net Profit Up 9.5%
Mon, 1 Feb

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

ATUL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m9,7809,5708,746-8.6%-10.6%
Other incomeRs m10282386369.6%279.2%
TurnoverRs m9,8829,6539,132-5.4%-7.6%
ExpensesRs m7,4637,1006,595-7.1%-11.6%
Gross profitRs m2,3172,4712,151-13.0%-7.2%
DepreciationRs m291297295-0.6%1.4%
InterestRs m1375-27.5%-60.3%
Profit before taxRs m2,1152,2492,237-0.6%5.7%
TaxRs m517553486-12.1%-6.0%
Profit after taxRs m1,5991,6971,7513.2%9.5%
Gross profit margin%23.725.824.6
Effective tax rate%24.424.621.7
Net profit margin%16.217.619.2
* 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 10.6% on a year-on-year (YoY) basis. The expenses were down by 11.6% YoY during the same period.
  • The company's operating profit declined by 7.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.6% in 3QFY21 as against 23.7% in 3QFY20.
  • Depreciation charges increased by 1.4% and finance costs declined by 60.3% YoY, respectively.
  • Other income increased by 279.2% YoY during the quarter.
  • Net profit for the quarter increased by 9.5% YoY. Net profit margins during the quarter increased from 16.2% in 3QFY20 to 19.2% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.1% QoQ during the same period.
  • The company's operating profit declined by 13.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.6% in 3QFY21 as against 25.8% in 2QFY20.
  • Net profit for the quarter increased by 3.2% QoQ, while net profit margins increased from 17.6% in 2QFY20 to 19.2% in 3QFY21.

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

Discover Now: One Stock for Potentially Life-changing Gains

ATUL Share Price Performance

Over the last one year, ATUL share price has moved up from Rs 4,824.1 to Rs 6,490.0, registering a Gain of Rs 1,665.9 or around 34.5%.

Overall, the S&P BSE SENSEX is up 18.5% over the year.

Current Valuations

At the current price of Rs 6,490.0, the price to earnings (P/E) ratio of ATUL stands at 31.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.1 times.

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

Oct 29, 2020 | Updated on Oct 29, 2020

For the quarter ended September 2020, ATUL has posted a net profit of Rs 2 bn (down 18.6% YoY). Sales on the other hand came in at Rs 10 bn (down 5.5% YoY). Read on for a complete analysis of ATUL's quarterly results.

ATUL Announces Quarterly Results (4QFY20); Net Profit Up 31.0% (Quarterly Result Update)

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