ESSEL PROPACK Announces Quarterly Results (1QFY21); Net Profit Up 13.3%

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ESSEL PROPACK Announces Quarterly Results (1QFY21); Net Profit Up 13.3%
Mon, 24 Aug

ESSEL PROPACK has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

ESSEL PROPACK Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m6,2986,8897,4157.6%17.7%
Other incomeRs m66852586.7%-22.3%
TurnoverRs m6,3656,8967,4668.3%17.3%
ExpensesRs m5,2135,5045,9498.1%14.1%
Gross profitRs m1,1951,3851,305-5.7%9.3%
DepreciationRs m5685745790.8%1.9%
InterestRs m13713016324.9%18.8%
Profit before taxRs m556688615-10.6%10.7%
TaxRs m153197159-19.5%3.7%
Profit after taxRs m403491457-7.0%13.3%
Gross profit margin%19.020.117.6
Effective tax rate%27.528.625.8
Net profit margin%6.37.16.1
* 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 17.7% on a year-on-year (YoY) basis. The expenses were up by 14.1% YoY during the same period.
  • The company's operating profit increased by 9.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.6% in 1QFY21 as against 19.0% in 1QFY20.
  • Depreciation charges increased by 1.9% and finance costs increased by 18.8% YoY, respectively.
  • Other income declined by 22.3% YoY during the quarter.
  • Net profit for the quarter increased by 13.3% YoY. Net profit margins during the quarter declined from 6.3% in 1QFY20 to 6.1% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.1% QoQ during the same period.
  • The company's operating profit declined by 5.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.6% in 1QFY21 as against 20.1% in 4QFY20.
  • Net profit for the quarter declined by 7.0% QoQ, while net profit margins declined from 7.1% in 4QFY20 to 6.1% in 1QFY21.

To see how ESSEL PROPACK has performed over the last eight quarters,please visit here.

Last Day: Discover India's #1 defence stock now

ESSEL PROPACK Share Price Performance

Over the last one year,ESSEL PROPACK share price has moved up from Rs 82.0 to Rs 294.8, registering a Gain of Rs 212.8 or around 259.5%.

Overall, the S&P BSE SENSEX is up 4.7% over the year.

Current Valuations

At the current price of Rs 294.8, the price to earnings (P/E) ratio of ESSEL PROPACK stands at 42.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.7 times.

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ESSEL PROPACK Announces Quarterly Results (4QFY20); Net Profit Down 7.8% (Quarterly Result Update)

May 27, 2020 | Updated on May 27, 2020

For the quarter ended March 2020, ESSEL PROPACK has posted a net profit of Rs 491 m (down 7.8% YoY). Sales on the other hand came in at Rs 7 bn (down 0.7% YoY). Read on for a complete analysis of ESSEL PROPACK's quarterly results.

ESSEL PROPACK Announces Quarterly Results (3QFY20); Net Profit Up 33.3% (Quarterly Result Update)

Feb 11, 2020 | Updated on Feb 11, 2020

For the quarter ended December 2019, ESSEL PROPACK has posted a net profit of Rs 618 m (up 33.3% YoY). Sales on the other hand came in at Rs 7 bn (up 2.4% YoY). Read on for a complete analysis of ESSEL PROPACK's quarterly results.

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Jun 5, 2019 | Updated on Jun 5, 2019

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