SCHAEFFLER INDIA Announces Quarterly Results (2QFY21); Net Profit Up 20.2%

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SCHAEFFLER INDIA Announces Quarterly Results (2QFY21); Net Profit Up 20.2%
Thu, 29 Oct

SCHAEFFLER INDIA has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

SCHAEFFLER INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m10,3524,38911,207155.3%8.3%
Other incomeRs m129140126-9.9%-2.4%
TurnoverRs m10,4814,52911,333150.2%8.1%
ExpensesRs m8,9234,5879,311103.0%4.3%
Gross profitRs m1,428-1981,89632.7%
DepreciationRs m400499486-2.7%21.5%
InterestRs m499-1.1%111.6%
Profit before taxRs m1,154-5661,52732.4%
TaxRs m209-14239387.6%
Profit after taxRs m944-4251,13520.2%
Gross profit margin%13.8-4.516.9
Effective tax rate%18.125.025.7
Net profit margin%9.0-9.410.0
* 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 8.3% on a year-on-year (YoY) basis. The expenses were up by 4.3% YoY during the same period.
  • The company's operating profit increased by 32.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.9% in 2QFY21 as against 13.8% in 2QFY20.
  • Depreciation charges increased by 21.5% and finance costs increased by 111.6% YoY, respectively.
  • Other income declined by 2.4% YoY during the quarter.
  • Net profit for the quarter increased by 20.2% YoY. Net profit margins during the quarter increased from 9.0% in 2QFY20 to 10.0% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 155.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 103.0% QoQ during the same period.
  • The company's operating profit declined by 1057.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.9% in 2QFY21 as against 4.5% in 1QFY20.
  • Net profit for the quarter increased by 367.2% QoQ, while net profit margins increased from -9.4% in 1QFY20 to 10.0% in 2QFY21.

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

Watch the Replay: The Smallcap Revival Summits

SCHAEFFLER INDIA Share Price Performance

Over the last one year, SCHAEFFLER INDIA share price has moved down from Rs 4,029.1 to Rs 3,638.9, registering a Loss of Rs 390.2 or around 9.7%.

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 3,638.9, the price to earnings (P/E) ratio of SCHAEFFLER INDIA stands at 25.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.2 times.

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