DEEPAK NITRITE Announces Quarterly Results (1QFY22); Net Profit Up 205.8%

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DEEPAK NITRITE Announces Quarterly Results (1QFY22); Net Profit Up 205.8%
Sat, 31 Jul

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

DEEPAK NITRITE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m6,74514,63215,2624.3%126.3%
Other incomeRs m68598338.9%22.2%
TurnoverRs m6,81214,69215,3454.4%125.2%
ExpensesRs m4,92910,08610,7476.6%118.1%
Gross profitRs m1,8164,5474,515-0.7%148.6%
DepreciationRs m310565436-22.8%40.5%
InterestRs m247142109-23.0%-55.8%
Profit before taxRs m1,3263,8994,0533.9%205.5%
TaxRs m3379981,0262.8%204.6%
Profit after taxRs m9902,9013,0264.3%205.8%
Gross profit margin%26.931.129.6
Effective tax rate%25.425.625.3
Net profit margin%14.519.719.7
* 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 126.3% on a year-on-year (YoY) basis. The expenses were up by 118.1% YoY during the same period.
  • The company's operating profit increased by 148.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.6% in 1QFY22 as against 26.9% in 1QFY21.
  • Depreciation charges increased by 40.5% and finance costs declined by 55.8% YoY, respectively.
  • Other income increased by 22.2% YoY during the quarter.
  • Net profit for the quarter increased by 205.8% YoY. Net profit margins during the quarter increased from 14.5% in 1QFY21 to 19.7% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.6% QoQ during the same period.
  • The company's operating profit declined by 0.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 29.6% in 1QFY22 as against 31.1% in 4QFY21.
  • Net profit for the quarter increased by 4.3% QoQ, while net profit margins declined from 19.7% in 4QFY21 to 19.7% in 1QFY22.

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

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DEEPAK NITRITE Share Price Performance

Over the last one year, DEEPAK NITRITE share price has moved up from Rs 643.3 to Rs 2,038.8, registering a Gain of Rs 1,395.5 or around 216.9%.

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

Current Valuations

At the current price of Rs 2,038.8, the price to earnings (P/E) ratio of DEEPAK NITRITE stands at 28.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.8 times.

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DEEPAK NITRITE Announces Quarterly Results (1QFY21); Net Profit Down 40.7% (Quarterly Result Update)

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For the quarter ended June 2020, DEEPAK NITRITE has posted a net profit of Rs 636 m (down 40.7% YoY). Sales on the other hand came in at Rs 4 bn (down 36.3% YoY). Read on for a complete analysis of DEEPAK NITRITE's quarterly results.

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