BAYER CROPSCIENCE Announces Quarterly Results (4QFY21); Net Profit Up 96.5%

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BAYER CROPSCIENCE Announces Quarterly Results (4QFY21); Net Profit Up 96.5%
Thu, 8 Jul

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

BAYER CROPSCIENCE Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-20*
3
Dec-20*
3
Mar-21*
QoQ ChangeYoY Change
Net SalesRs m4,5879,1827,337-20.1%60.0%
Other incomeRs m178183159-13.1%-10.7%
TurnoverRs m4,7659,3657,496-20.0%57.3%
ExpensesRs m4,0058,1226,510-19.8%62.5%
Gross profitRs m2961,060890-16.0%200.7%
DepreciationRs m19114321651.0%13.1%
InterestRs m263935-10.3%34.6%
Profit before taxRs m2571,061798-24.8%210.5%
TaxRs m-581,512179-88.2%
Profit after taxRs m315-45161996.5%
Gross profit margin%6.511.512.1
Effective tax rate%-22.6142.522.4
Net profit margin%6.6-4.88.3
* 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 60.0% on a year-on-year (YoY) basis. The expenses were up by 62.5% YoY during the same period.
  • The company's operating profit increased by 200.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.1% in 4QFY21 as against 6.5% in 4QFY20.
  • Depreciation charges increased by 13.1% and finance costs increased by 34.6% YoY, respectively.
  • Other income declined by 10.7% YoY during the quarter.
  • Net profit for the quarter increased by 96.5% YoY. Net profit margins during the quarter increased from 6.6% in 4QFY20 to 8.3% in 4QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 20.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 19.8% QoQ during the same period.
  • The company's operating profit declined by 16.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.1% in 4QFY21 as against 11.5% in 3QFY20.
  • Net profit for the quarter increased by 237.3% QoQ, while net profit margins increased from -4.8% in 3QFY20 to 8.3% in 4QFY21.

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

Check Out: Why Millions of Dollars are Getting Pumped into this Sector?

BAYER CROPSCIENCE Share Price Performance

Over the last one year, BAYER CROPSCIENCE share price has moved down from Rs 5,849.4 to Rs 5,596.8, registering a Loss of Rs 252.7 or around 4.3%.

Overall, the S&P BSE SENSEX is up 43.9% over the year.

Current Valuations

At the current price of Rs 5,596.8, the price to earnings (P/E) ratio of BAYER CROPSCIENCE stands at 51.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.8 times.

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

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For the quarter ended June 2020, BAYER CROPSCIENCE has posted a net profit of Rs 3 bn (up 324.5% YoY). Sales on the other hand came in at Rs 12 bn (up 85.0% YoY). Read on for a complete analysis of BAYER CROPSCIENCE's quarterly results.

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For the quarter ended March 2020, BAYER CROPSCIENCE has posted a net profit of Rs 315 m (up 139.5% YoY). Sales on the other hand came in at Rs 5 bn (up 256.1% YoY). Read on for a complete analysis of BAYER CROPSCIENCE's quarterly results.

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