SCHAEFFLER INDIA Announces Quarterly Results (1QFY22); Net Profit Up 401.7%

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SCHAEFFLER INDIA Announces Quarterly Results (1QFY22); Net Profit Up 401.7%
Thu, 22 Jul

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

SCHAEFFLER INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m4,38913,16812,329-6.4%180.9%
Other incomeRs m140219130-40.8%-7.4%
TurnoverRs m4,52913,38712,459-6.9%175.1%
ExpensesRs m4,58711,04010,258-7.1%123.6%
Gross profitRs m-1982,1292,071-2.7%
DepreciationRs m4994794851.2%-2.9%
InterestRs m999-1.1%-2.2%
Profit before taxRs m-5661,8601,707-8.2%
TaxRs m-142464425-8.4%
Profit after taxRs m-4251,3951,281-8.2%
Gross profit margin%-4.516.216.8
Effective tax rate%25.025.024.9
Net profit margin%-9.410.410.3
* 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 180.9% on a year-on-year (YoY) basis. The expenses were up by 123.6% YoY during the same period.
  • The company's operating profit declined by 1145.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.8% in 1QFY22 as against 4.5% in 1QFY21.
  • Depreciation charges declined by 2.9% and finance costs declined by 2.2% YoY, respectively.
  • Other income declined by 7.4% YoY during the quarter.
  • Net profit for the quarter increased by 401.7% YoY. Net profit margins during the quarter increased from -9.4% in 1QFY21 to 10.3% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.1% QoQ during the same period.
  • The company's operating profit declined by 2.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.8% in 1QFY22 as against 16.2% in 4QFY21.
  • Net profit for the quarter declined by 8.2% QoQ, while net profit margins declined from 10.4% in 4QFY21 to 10.3% in 1QFY22.

To see how SCHAEFFLER INDIA has performed over the last eight quarters,please visit here.

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SCHAEFFLER INDIA Share Price Performance

Over the last one year, SCHAEFFLER INDIA share price has moved up from Rs 3,678.4 to Rs 5,800.0, registering a Gain of Rs 2,121.7 or around 57.7%.

Overall, the S&P BSE SENSEX is up 41.2% over the year.

Current Valuations

At the current price of Rs 5,800.0, the price to earnings (P/E) ratio of SCHAEFFLER INDIA stands at 34.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.8 times.

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