BLUE STAR Announces Quarterly Results (4QFY21); Net Profit Up 700.8%

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BLUE STAR Announces Quarterly Results (4QFY21); Net Profit Up 700.8%
Fri, 9 Jul

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

BLUE STAR Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-20*
3
Dec-20*
3
Mar-21*
QoQ ChangeYoY Change
Net SalesRs m12,99411,23916,11643.4%24.0%
Other incomeRs m6481398391.8%526.6%
TurnoverRs m13,05711,32016,51445.9%26.5%
ExpensesRs m12,62010,42315,09844.8%19.6%
Gross profitRs m3668161,01824.8%178.3%
DepreciationRs m237259249-4.1%4.9%
InterestRs m69149134-10.1%94.3%
Profit before taxRs m1234881,033111.7%738.1%
TaxRs m40130362179.6%817.2%
Profit after taxRs m8435967187.1%700.8%
Gross profit margin%2.87.36.3
Effective tax rate%32.026.535.1
Net profit margin%0.63.24.1
* 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 24.0% on a year-on-year (YoY) basis. The expenses were up by 19.6% YoY during the same period.
  • The company's operating profit increased by 178.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.3% in 4QFY21 as against 2.8% in 4QFY20.
  • Depreciation charges increased by 4.9% and finance costs increased by 94.3% YoY, respectively.
  • Other income increased by 526.6% YoY during the quarter.
  • Net profit for the quarter increased by 700.8% YoY. Net profit margins during the quarter increased from 0.6% in 4QFY20 to 4.1% in 4QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 43.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 44.8% QoQ during the same period.
  • The company's operating profit increased by 24.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.3% in 4QFY21 as against 7.3% in 3QFY20.
  • Net profit for the quarter increased by 87.1% QoQ, while net profit margins increased from 3.2% in 3QFY20 to 4.1% in 4QFY21.

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

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BLUE STAR Share Price Performance

Over the last one year, BLUE STAR share price has moved up from Rs 490.4 to Rs 859.9, registering a Gain of Rs 369.5 or around 75.4%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 35,719.6 (down 0.0%). Over the last one year it has moved up from 20,952.7 to 35,719.6, a gain of 14,767 points (up 70.5%).

Overall, the S&P BSE SENSEX is up 42.8% over the year.

Current Valuations

At the current price of Rs 859.9, the price to earnings (P/E) ratio of BLUE STAR stands at 84.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.6 times.

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