CENTURY TEXTILES Announces Quarterly Results (2QFY22); Net Profit Up 412.5%

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CENTURY TEXTILES Announces Quarterly Results (2QFY22); Net Profit Up 412.5%
Mon, 18 Oct

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

CENTURY TEXTILES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-20*
3
Jun-21*
3
Sep-21*
QoQ ChangeYoY Change
Net SalesRs m6,0758,42010,13520.4%66.8%
Other incomeRs m131100208107.9%59.2%
TurnoverRs m6,2058,52010,34321.4%66.7%
ExpensesRs m5,5437,3499,01722.7%62.7%
Gross profitRs m5321,0711,1194.4%110.2%
DepreciationRs m5775695812.0%0.6%
InterestRs m173127124-2.9%-28.4%
Profit before taxRs m-8747462231.2%
TaxRs m1722029936.0%1699.4%
Profit after taxRs m-10425532327.1%
Gross profit margin%8.812.711.0
Effective tax rate%-19.146.348.0
Net profit margin%-1.73.03.1
* 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 66.8% on a year-on-year (YoY) basis. The expenses were up by 62.7% YoY during the same period.
  • The company's operating profit increased by 110.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.0% in 2QFY22 as against 8.8% in 2QFY21.
  • Depreciation charges increased by 0.6% and finance costs declined by 28.4% YoY, respectively.
  • Other income increased by 59.2% YoY during the quarter.
  • Net profit for the quarter increased by 412.5% YoY. Net profit margins during the quarter increased from -1.7% in 2QFY21 to 3.1% in 2QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 20.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 22.7% QoQ during the same period.
  • The company's operating profit increased by 4.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.0% in 2QFY22 as against 12.7% in 1QFY21.
  • Net profit for the quarter increased by 27.1% QoQ, while net profit margins increased from 3.0% in 1QFY21 to 3.1% in 2QFY22.

To see how CENTURY TEXTILES has performed over the last eight quarters,please visit here.

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CENTURY TEXTILES Share Price Performance

Over the last one year, CENTURY TEXTILES share price has moved up from Rs 321.6 to Rs 948.7, registering a Gain of Rs 627.1 or around 195.0%.

Overall, the S&P BSE SENSEX is up 52.3% over the year.

Current Valuations

At the current price of Rs 948.7, the price to earnings (P/E) ratio of CENTURY TEXTILES stands at 118.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

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