DEEPAK FERTILISERS Announces Quarterly Results (1QFY22); Net Profit Up 7.8%

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DEEPAK FERTILISERS Announces Quarterly Results (1QFY22); Net Profit Up 7.8%
Wed, 11 Aug

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

DEEPAK FERTILISERS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m13,82115,75119,02120.8%37.6%
Other incomeRs m3657592.8%63.5%
TurnoverRs m13,85715,80819,08020.7%37.7%
ExpensesRs m11,09913,02016,11823.8%45.2%
Gross profitRs m2,7222,7312,9036.3%6.7%
DepreciationRs m53451762520.9%17.2%
InterestRs m552481433-10.0%-21.6%
Profit before taxRs m1,6721,7901,9046.4%13.9%
TaxRs m461632598-5.4%29.7%
Profit after taxRs m1,2111,1581,30612.8%7.8%
Gross profit margin%19.717.315.3
Effective tax rate%27.635.331.4
Net profit margin%8.77.36.8
* 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 37.6% on a year-on-year (YoY) basis. The expenses were up by 45.2% YoY during the same period.
  • The company's operating profit increased by 6.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.3% in 1QFY22 as against 19.7% in 1QFY21.
  • Depreciation charges increased by 17.2% and finance costs declined by 21.6% YoY, respectively.
  • Other income increased by 63.5% YoY during the quarter.
  • Net profit for the quarter increased by 7.8% YoY. Net profit margins during the quarter declined from 8.7% in 1QFY21 to 6.8% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 20.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 23.8% QoQ during the same period.
  • The company's operating profit increased by 6.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.3% in 1QFY22 as against 17.3% in 4QFY21.
  • Net profit for the quarter increased by 12.8% QoQ, while net profit margins declined from 7.3% in 4QFY21 to 6.8% in 1QFY22.

To see how DEEPAK FERTILISERS has performed over the last eight quarters,please visit here.

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DEEPAK FERTILISERS Share Price Performance

Over the last one year, DEEPAK FERTILISERS share price has moved up from Rs 158.5 to Rs 421.9, registering a Gain of Rs 263.5 or around 166.3%.

Overall, the S&P BSE SENSEX is up 42.5% over the year.

Current Valuations

At the current price of Rs 421.9, the price to earnings (P/E) ratio of DEEPAK FERTILISERS stands at 10.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.0 times.

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