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- SCHAEFFLER INDIA Announces Quarterly Results (2QFY21); Net Profit Up 20.2%
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 Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 10,352 | 4,389 | 11,207 | 155.3% | 8.3% |
| Other income | Rs m | 129 | 140 | 126 | -9.9% | -2.4% |
| Turnover | Rs m | 10,481 | 4,529 | 11,333 | 150.2% | 8.1% |
| Expenses | Rs m | 8,923 | 4,587 | 9,311 | 103.0% | 4.3% |
| Gross profit | Rs m | 1,428 | -198 | 1,896 | 32.7% | |
| Depreciation | Rs m | 400 | 499 | 486 | -2.7% | 21.5% |
| Interest | Rs m | 4 | 9 | 9 | -1.1% | 111.6% |
| Profit before tax | Rs m | 1,154 | -566 | 1,527 | 32.4% | |
| Tax | Rs m | 209 | -142 | 393 | 87.6% | |
| Profit after tax | Rs m | 944 | -425 | 1,135 | 20.2% | |
| Gross profit margin | % | 13.8 | -4.5 | 16.9 | ||
| Effective tax rate | % | 18.1 | 25.0 | 25.7 | ||
| Net profit margin | % | 9.0 | -9.4 | 10.0 |
Interim results exclude extraordinary / exceptional items
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.
Related Views on News
SCHAEFFLER INDIA 2018-19 Annual Report Analysis (Annual Result Update)
Nov 20, 2020 | Updated on Nov 20, 2020Here's an analysis of the annual report of SCHAEFFLER INDIA for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of SCHAEFFLER INDIA . Also includes updates on the valuation of SCHAEFFLER INDIA .
SCHAEFFLER INDIA LTD Announces Quarterly Results (3QFY20); Net Profit Down 21.1% (Quarterly Result Update)
Feb 14, 2020 | Updated on Feb 14, 2020For the quarter ended December 2019, SCHAEFFLER INDIA LTD has posted a net profit of Rs 846 m (down 21.1% YoY). Sales on the other hand came in at Rs 10 bn (down 12.6% YoY). Read on for a complete analysis of SCHAEFFLER INDIA LTD 's quarterly results.
SCHAEFFLER INDIA LTD Announces Quarterly Results (2QFY20); Net Profit Up 4.2% (Quarterly Result Update)
Oct 25, 2019 | Updated on Oct 25, 2019For the quarter ended September 2019, SCHAEFFLER INDIA LTD has posted a net profit of Rs 944 m (up 4.2% YoY). Sales on the other hand came in at Rs 10 bn (down 13.1% YoY). Read on for a complete analysis of SCHAEFFLER INDIA LTD 's quarterly results.
SCHAEFFLER INDIA LTD 2017-18 Annual Report Analysis (Annual Result Update)
Apr 9, 2019 | Updated on Apr 9, 2019Here's an analysis of the annual report of SCHAEFFLER INDIA LTD for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of SCHAEFFLER INDIA LTD . Also includes updates on the valuation of SCHAEFFLER INDIA LTD .
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