EXIDE INDUSTRIES Announces Quarterly Results (1QFY22); Net Profit Up 334.0%

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EXIDE INDUSTRIES Announces Quarterly Results (1QFY22); Net Profit Up 334.0%
Tue, 3 Aug

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

EXIDE INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m25,26145,62935,426-22.4%40.2%
Other incomeRs m11412616732.0%45.7%
TurnoverRs m25,37645,75535,593-22.2%40.3%
ExpensesRs m23,93340,14833,354-16.9%39.4%
Gross profitRs m1,3285,4812,073-62.2%56.1%
DepreciationRs m1,0481,1091,1614.7%10.8%
InterestRs m35431939223.0%10.7%
Profit before taxRs m414,180687-83.6%1588.2%
TaxRs m176980372-62.1%111.8%
Profit after taxRs m-1353,200315-90.1%
Gross profit margin%5.312.05.9
Effective tax rate%431.223.454.1
Net profit margin%-0.57.00.9
* 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 40.2% on a year-on-year (YoY) basis. The expenses were up by 39.4% YoY during the same period.
  • The company's operating profit increased by 56.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.9% in 1QFY22 as against 5.3% in 1QFY21.
  • Depreciation charges increased by 10.8% and finance costs increased by 10.7% YoY, respectively.
  • Other income increased by 45.7% YoY during the quarter.
  • Net profit for the quarter increased by 334.0% YoY. Net profit margins during the quarter increased from -0.5% in 1QFY21 to 0.9% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 22.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.9% QoQ during the same period.
  • The company's operating profit declined by 62.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.9% in 1QFY22 as against 12.0% in 4QFY21.
  • Net profit for the quarter declined by 90.1% QoQ, while net profit margins declined from 7.0% in 4QFY21 to 0.9% in 1QFY22.

To see how EXIDE INDUSTRIES has performed over the last eight quarters,please visit here.

EXIDE INDUSTRIES Share Price Performance

Over the last one year, EXIDE INDUSTRIES share price has moved up from Rs 154.5 to Rs 173.2, registering a Gain of Rs 18.7 or around 12.1%.

Overall, the S&P BSE SENSEX is up 42.6% over the year.

Current Valuations

At the current price of Rs 173.2, the price to earnings (P/E) ratio of EXIDE INDUSTRIES stands at 17.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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EXIDE INDUSTRIES Announces Quarterly Results (3QFY21); Net Profit Up 23.2% (Quarterly Result Update)

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EXIDE INDUSTRIES 2019-20 Annual Report Analysis (Annual Result Update)

Nov 6, 2020 | Updated on Nov 6, 2020

Here's an analysis of the annual report of EXIDE INDUSTRIES for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of EXIDE INDUSTRIES. Also includes updates on the valuation of EXIDE INDUSTRIES.

EXIDE INDUSTRIES Announces Quarterly Results (1QFY21); Net Profit Down 80.4% (Quarterly Result Update)

Aug 24, 2020 | Updated on Aug 24, 2020

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