CONTAINER CORPORATION Announces Quarterly Results (1QFY22); Net Profit Up 409.7%

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CONTAINER CORPORATION Announces Quarterly Results (1QFY22); Net Profit Up 409.7%
Sat, 31 Jul

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

CONTAINER CORPORATION Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m11,94219,56718,199-7.0%52.4%
Other incomeRs m573732569-22.4%-0.8%
TurnoverRs m12,51520,29918,768-7.5%50.0%
ExpensesRs m10,35117,61013,817-21.5%33.5%
Gross profitRs m1,5911,1704,382274.4%175.4%
DepreciationRs m1,3381,4021,383-1.4%3.3%
InterestRs m10810716049.2%48.9%
Profit before taxRs m7183933,408766.4%374.7%
TaxRs m225208896331.6%298.0%
Profit after taxRs m4931862,5121252.1%409.7%
Gross profit margin%13.36.024.1
Effective tax rate%31.352.826.3
Net profit margin%3.90.913.4
* 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 52.4% on a year-on-year (YoY) basis. The expenses were up by 33.5% YoY during the same period.
  • The company's operating profit increased by 175.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.1% in 1QFY22 as against 13.3% in 1QFY21.
  • Depreciation charges increased by 3.3% and finance costs increased by 48.9% YoY, respectively.
  • Other income declined by 0.8% YoY during the quarter.
  • Net profit for the quarter increased by 409.7% YoY. Net profit margins during the quarter increased from 3.9% in 1QFY21 to 13.4% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 21.5% QoQ during the same period.
  • The company's operating profit increased by 274.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.1% in 1QFY22 as against 6.0% in 4QFY21.
  • Net profit for the quarter increased by 1252.1% QoQ, while net profit margins increased from 0.9% in 4QFY21 to 13.4% in 1QFY22.

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

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CONTAINER CORPORATION Share Price Performance

Over the last one year, CONTAINER CORPORATION share price has moved up from Rs 451.2 to Rs 644.3, registering a Gain of Rs 193.1 or around 42.8%.

Overall, the S&P BSE SENSEX is up 38.1% over the year.

Current Valuations

At the current price of Rs 644.3, the price to earnings (P/E) ratio of CONTAINER CORPORATION stands at 58.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.9 times.

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