BAYER CROPSCIENCE Announces Quarterly Results (1QFY21); Net Profit Up 324.5%

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BAYER CROPSCIENCE Announces Quarterly Results (1QFY21); Net Profit Up 324.5%
Tue, 18 Aug

BAYER CROPSCIENCE has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

BAYER CROPSCIENCE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m6,6364,58712,278167.7%85.0%
Other incomeRs m72178149-16.3%106.9%
TurnoverRs m6,7084,76512,427160.8%85.3%
ExpensesRs m5,3974,0059,025125.3%67.2%
Gross profitRs m9842963,241994.9%229.4%
DepreciationRs m10919123724.1%117.4%
InterestRs m2826273.8%-3.6%
Profit before taxRs m9192573,1261116.3%240.2%
TaxRs m326-5860986.8%
Profit after taxRs m5933152,517699.0%324.5%
Gross profit margin%14.86.526.4
Effective tax rate%35.5-22.619.5
Net profit margin%8.86.620.3
* 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 grew 85.0% on a year-on-year (YoY) basis. The expenses were up by 67.2% YoY during the same period.
  • The company's operating profit increased by 229.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.4% in 1QFY21 as against 14.8% in 1QFY20.
  • Depreciation charges increased by 117.4% and finance costs declined by 3.6% YoY, respectively.
  • Other income increased by 106.9% YoY during the quarter.
  • Net profit for the quarter increased by 324.5% YoY. Net profit margins during the quarter increased from 8.8% in 1QFY20 to 20.3% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 167.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 125.3% QoQ during the same period.
  • The company's operating profit increased by 994.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.4% in 1QFY21 as against 6.5% in 4QFY20.
  • Net profit for the quarter increased by 699.0% QoQ, while net profit margins increased from 6.6% in 4QFY20 to 20.3% in 1QFY21.

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

Know More: Which way are the markets & the mutual fund industry headed?

BAYER CROPSCIENCE Share Price Performance

Over the last one year,BAYER CROPSCIENCE share price has moved up from Rs 3,099.5 to Rs 6,050.0, registering a Gain of Rs 2,950.5 or around 95.2%.

Overall, the S&P BSE SENSEX is up 2.3% over the year.

Current Valuations

At the current price of Rs 6,050.0, the price to earnings (P/E) ratio of BAYER CROPSCIENCE stands at 35.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.0 times.

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BAYER CROPSCIENCE Announces Quarterly Results (4QFY20); Net Profit Up 139.5% (Quarterly Result Update)

May 27, 2020 | Updated on May 27, 2020

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BAYER CROPSCIENCE Announces Quarterly Results (3QFY19); Net Profit Up 157.0% (Quarterly Result Update)

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For the quarter ended December 2018, BAYER CROPSCIENCE has posted a net profit of Rs 275 m (up 157.0% YoY). Sales on the other hand came in at Rs 6 bn (up 29.5% YoY). Read on for a complete analysis of BAYER CROPSCIENCE's quarterly results.

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