DEEPAK NITRITE Announces Quarterly Results (4QFY20); Net Profit Up 105.5%

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DEEPAK NITRITE Announces Quarterly Results (4QFY20); Net Profit Up 105.5%
Fri, 29 May

DEEPAK NITRITE has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

DEEPAK NITRITE Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m4,8595,8495,252-10.2%8.1%
Other incomeRs m19198-59.4%-60.0%
TurnoverRs m4,8785,8685,260-10.4%7.8%
ExpensesRs m3,7713,7143,411-8.2%-9.6%
Gross profitRs m1,0882,1351,842-13.7%69.3%
DepreciationRs m1381992074.1%50.4%
InterestRs m9944453.7%-54.2%
Profit before taxRs m8701,9111,597-16.4%83.5%
TaxRs m305492435-11.7%42.7%
Profit after taxRs m5661,4191,163-18.1%105.5%
Gross profit margin%22.436.535.1
Effective tax rate%35.025.827.2
Net profit margin%11.624.222.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 8.1% on a year-on-year (YoY) basis. The expenses were down by 9.6% YoY during the same period.
  • The company's operating profit increased by 69.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 35.1% in 4QFY20 as against 22.4% in 4QFY19.
  • Depreciation charges increased by 50.4% and finance costs declined by 54.2% YoY, respectively.
  • Other income declined by 60.0% YoY during the quarter.
  • Net profit for the quarter increased by 105.5% YoY. Net profit margins during the quarter increased from 11.6% in 4QFY19 to 22.1% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.2% QoQ during the same period.
  • The company's operating profit declined by 13.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 35.1% in 4QFY20 as against 36.5% in 3QFY19.
  • Net profit for the quarter declined by 18.1% QoQ, while net profit margins declined from 24.2% in 3QFY19 to 22.1% in 4QFY20.

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

DEEPAK NITRITE Share Price Performance

Over the last one year,DEEPAK NITRITE share price has moved up from Rs 313.6 to Rs 500.5, registering a Gain of Rs 186.9 or around 59.6%.

Overall, the S&P BSE SENSEX is down 19.2% over the year.

Current Valuations

At the current price of Rs 500.5, the price to earnings (P/E) ratio of DEEPAK NITRITE stands at 12.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.4 times.

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For the quarter ended June 2021, DEEPAK NITRITE has posted a net profit of Rs 3 bn (up 205.8% YoY). Sales on the other hand came in at Rs 15 bn (up 126.3% YoY). Read on for a complete analysis of DEEPAK NITRITE's quarterly results.

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