BLUE STAR Announces Quarterly Results (1QFY22); Net Profit Up 164.6%

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BLUE STAR Announces Quarterly Results (1QFY22); Net Profit Up 164.6%
Thu, 5 Aug

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

BLUE STAR Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m6,26016,11610,520-34.7%68.1%
Other incomeRs m8639880-80.0%-7.7%
TurnoverRs m6,34616,51410,600-35.8%67.0%
ExpensesRs m6,24715,09810,098-33.1%61.7%
Gross profitRs m141,018422-58.5%3005.1%
DepreciationRs m209249201-19.3%-4.1%
InterestRs m185134107-20.0%-42.1%
Profit before taxRs m-2951,033194-81.2%
TaxRs m-9536265-82.0%
Profit after taxRs m-200671129-80.8%
Gross profit margin%0.26.34.0
Effective tax rate%32.335.133.6
Net profit margin%-3.14.11.2
* 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 68.1% on a year-on-year (YoY) basis. The expenses were up by 61.7% YoY during the same period.
  • The company's operating profit increased by 3005.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.0% in 1QFY22 as against 0.2% in 1QFY21.
  • Depreciation charges declined by 4.1% and finance costs declined by 42.1% YoY, respectively.
  • Other income declined by 7.7% YoY during the quarter.
  • Net profit for the quarter increased by 164.6% YoY. Net profit margins during the quarter increased from -3.1% in 1QFY21 to 1.2% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 34.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 33.1% QoQ during the same period.
  • The company's operating profit declined by 58.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.0% in 1QFY22 as against 6.3% in 4QFY21.
  • Net profit for the quarter declined by 80.8% QoQ, while net profit margins declined from 4.1% in 4QFY21 to 1.2% in 1QFY22.

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

Revealing this Monday: A Potentially Life-Changing Opportunity

BLUE STAR Share Price Performance

Over the last one year, BLUE STAR share price has moved up from Rs 484.0 to Rs 859.0, registering a Gain of Rs 375.1 or around 77.5%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 36,704.7 (up 0.1%). Over the last one year it has moved up from 22,187.7 to 36,704.7, a gain of 14,517 points (up 65.4%).

Overall, the S&P BSE SENSEX is up 47.5% over the year.

Current Valuations

At the current price of Rs 859.0, the price to earnings (P/E) ratio of BLUE STAR stands at 63.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.3 times.

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