ESCORTS LIMITED Announces Quarterly Results (1QFY22); Net Profit Up 100.8%

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ESCORTS LIMITED Announces Quarterly Results (1QFY22); Net Profit Up 100.8%
Mon, 9 Aug

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

ESCORTS LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m10,89322,28817,018-23.6%56.2%
Other incomeRs m30641948816.5%59.6%
TurnoverRs m11,19922,70717,506-22.9%56.3%
ExpensesRs m9,67318,84914,654-22.3%51.5%
Gross profitRs m1,2203,4382,364-31.2%93.8%
DepreciationRs m2713113202.8%18.0%
InterestRs m2432358.1%44.4%
Profit before taxRs m1,2313,5142,498-28.9%102.9%
TaxRs m291808610-24.5%109.8%
Profit after taxRs m9402,7071,888-30.2%100.8%
Gross profit margin%11.215.413.9
Effective tax rate%23.623.024.4
Net profit margin%8.411.910.8
* 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 56.2% on a year-on-year (YoY) basis. The expenses were up by 51.5% YoY during the same period.
  • The company's operating profit increased by 93.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.9% in 1QFY22 as against 11.2% in 1QFY21.
  • Depreciation charges increased by 18.0% and finance costs increased by 44.4% YoY, respectively.
  • Other income increased by 59.6% YoY during the quarter.
  • Net profit for the quarter increased by 100.8% YoY. Net profit margins during the quarter increased from 8.4% in 1QFY21 to 10.8% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 23.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 22.3% QoQ during the same period.
  • The company's operating profit declined by 31.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.9% in 1QFY22 as against 15.4% in 4QFY21.
  • Net profit for the quarter declined by 30.2% QoQ, while net profit margins declined from 11.9% in 4QFY21 to 10.8% in 1QFY22.

To see how ESCORTS LIMITED has performed over the last eight quarters,please visit here.

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ESCORTS LIMITED Share Price Performance

Over the last one year, ESCORTS LIMITED share price has moved up from Rs 1,123.9 to Rs 1,193.1, registering a Gain of Rs 69.3 or around 6.2%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 22,936.9 (down 0.2%). Over the last one year it has moved up from 17,100.0 to 22,936.9, a gain of 5,837 points (up 34.1%).

Overall, the S&P BSE SENSEX is up 44.4% over the year.

Current Valuations

At the current price of Rs 1,193.1, the price to earnings (P/E) ratio of ESCORTS LIMITED stands at 16.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.2 times.

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