CONTAINER CORPORATION Announces Quarterly Results (2QFY22); Net Profit Up 41.3%

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CONTAINER CORPORATION Announces Quarterly Results (2QFY22); Net Profit Up 41.3%
Tue, 26 Oct

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

CONTAINER CORPORATION Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-20*
3
Jun-21*
3
Sep-21*
QoQ ChangeYoY Change
Net SalesRs m15,09318,19918,3720.9%21.7%
Other incomeRs m64756963111.0%-2.5%
TurnoverRs m15,74018,76819,0031.3%20.7%
ExpensesRs m11,93313,81714,0531.7%17.8%
Gross profitRs m3,1604,3824,319-1.4%36.7%
DepreciationRs m1,3501,3831,4404.1%6.6%
InterestRs m108160156-2.6%44.4%
Profit before taxRs m2,3483,4083,354-1.6%42.8%
TaxRs m591896871-2.7%47.4%
Profit after taxRs m1,7582,5122,483-1.2%41.3%
Gross profit margin%20.924.123.5
Effective tax rate%25.226.326.0
Net profit margin%11.213.413.1
* 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 21.7% on a year-on-year (YoY) basis. The expenses were up by 17.8% YoY during the same period.
  • The company's operating profit increased by 36.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.5% in 2QFY22 as against 20.9% in 2QFY21.
  • Depreciation charges increased by 6.6% and finance costs increased by 44.4% YoY, respectively.
  • Other income declined by 2.5% YoY during the quarter.
  • Net profit for the quarter increased by 41.3% YoY. Net profit margins during the quarter increased from 11.2% in 2QFY21 to 13.1% in 2QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.7% QoQ during the same period.
  • The company's operating profit declined by 1.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.5% in 2QFY22 as against 24.1% in 1QFY21.
  • Net profit for the quarter declined by 1.2% QoQ, while net profit margins declined from 13.4% in 1QFY21 to 13.1% in 2QFY22.

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

Today at 5 PM: Top 3 Stocks for 2022 Revealed

CONTAINER CORPORATION Share Price Performance

Over the last one year, CONTAINER CORPORATION share price has moved up from Rs 384.0 to Rs 675.5, registering a Gain of Rs 291.5 or around 75.9%.

Overall, the S&P BSE SENSEX is up 51.0% over the year.

Current Valuations

At the current price of Rs 675.5, the price to earnings (P/E) ratio of CONTAINER CORPORATION stands at 55.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.0 times.

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