E.I.D. PARRY Announces Quarterly Results (1QFY22); Net Profit Up 117.1%

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E.I.D. PARRY Announces Quarterly Results (1QFY22); Net Profit Up 117.1%
Mon, 16 Aug

E.I.D. PARRY has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

E.I.D. PARRY Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m41,42139,08043,54511.4%5.1%
Other incomeRs m155206573178.7%270.9%
TurnoverRs m41,57539,28544,11812.3%6.1%
ExpensesRs m37,11536,05839,2008.7%5.6%
Gross profitRs m4,3062,8804,34550.9%0.9%
DepreciationRs m838814807-0.9%-3.7%
InterestRs m888401342-14.6%-61.5%
Profit before taxRs m2,7351,8703,769101.5%37.8%
TaxRs m1,4541,241989-20.3%-32.0%
Profit after taxRs m1,2816292,780341.7%117.1%
Gross profit margin%10.47.410.0
Effective tax rate%53.266.326.2
Net profit margin%3.11.66.3
* 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 5.1% on a year-on-year (YoY) basis. The expenses were up by 5.6% YoY during the same period.
  • The company's operating profit increased by 0.9% YoY during the quarter. Consequently, operating profit margins remained same and stood at 10.0% in 1QFY22.
  • Depreciation charges declined by 3.7% and finance costs declined by 61.5% YoY, respectively.
  • Other income increased by 270.9% YoY during the quarter.
  • Net profit for the quarter increased by 117.1% YoY. Net profit margins during the quarter increased from 3.1% in 1QFY21 to 6.3% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.7% QoQ during the same period.
  • The company's operating profit increased by 50.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.0% in 1QFY22 as against 7.4% in 4QFY21.
  • Net profit for the quarter increased by 341.7% QoQ, while net profit margins increased from 1.6% in 4QFY21 to 6.3% in 1QFY22.

To see how E.I.D. PARRY has performed over the last eight quarters,please visit here.

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E.I.D. PARRY Share Price Performance

Over the last one year, E.I.D. PARRY share price has moved up from Rs 281.5 to Rs 410.6, registering a Gain of Rs 129.1 or around 45.9%.

Overall, the S&P BSE SENSEX is up 44.8% over the year.

Current Valuations

At the current price of Rs 410.6, the price to earnings (P/E) ratio of E.I.D. PARRY stands at 6.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

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E.I.D. PARRY 2020-21 Annual Report Analysis (Annual Result Update)

Oct 26, 2021 | Updated on Oct 26, 2021

Here's an analysis of the annual report of E.I.D. PARRY for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of E.I.D. PARRY. Also includes updates on the valuation of E.I.D. PARRY.

E.I.D. PARRY Announces Quarterly Results (3QFY20); Net Profit Up 81.2% (Quarterly Result Update)

Feb 11, 2020 | Updated on Feb 11, 2020

For the quarter ended December 2019, E.I.D. PARRY has posted a net profit of Rs 3 bn (up 81.2% YoY). Sales on the other hand came in at Rs 41 bn (up 9.9% YoY). Read on for a complete analysis of E.I.D. PARRY's quarterly results.

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