FINOLEX CABLES Announces Quarterly Results (1QFY22); Net Profit Up 42.1%

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FINOLEX CABLES Announces Quarterly Results (1QFY22); Net Profit Up 42.1%
Mon, 16 Aug

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

FINOLEX CABLES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m3,7719,2146,754-26.7%79.1%
Other incomeRs m225160156-3.0%-30.8%
TurnoverRs m3,9969,3746,909-26.3%72.9%
ExpensesRs m3,4267,8626,051-23.0%76.6%
Gross profitRs m3451,351703-48.0%103.6%
DepreciationRs m10010799-7.3%-1.3%
InterestRs m221-41.7%-17.6%
Profit before taxRs m4681,403758-45.9%61.9%
TaxRs m164645326-49.4%98.7%
Profit after taxRs m304757432-42.9%42.1%
Gross profit margin%9.214.710.4
Effective tax rate%35.146.043.0
Net profit margin%7.68.16.3
* 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 79.1% on a year-on-year (YoY) basis. The expenses were up by 76.6% YoY during the same period.
  • The company's operating profit increased by 103.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.4% in 1QFY22 as against 9.2% in 1QFY21.
  • Depreciation charges declined by 1.3% and finance costs declined by 17.6% YoY, respectively.
  • Other income declined by 30.8% YoY during the quarter.
  • Net profit for the quarter increased by 42.1% YoY. Net profit margins during the quarter declined from 7.6% in 1QFY21 to 6.3% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 26.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 23.0% QoQ during the same period.
  • The company's operating profit declined by 48.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.4% in 1QFY22 as against 14.7% in 4QFY21.
  • Net profit for the quarter declined by 42.9% QoQ, while net profit margins declined from 8.1% in 4QFY21 to 6.3% in 1QFY22.

To see how FINOLEX CABLES has performed over the last eight quarters,please visit here.

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FINOLEX CABLES Share Price Performance

Over the last one year, FINOLEX CABLES share price has moved up from Rs 280.3 to Rs 474.1, registering a Gain of Rs 193.8 or around 69.2%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 24,137.5 (down 0.7%). Over the last one year it has moved up from 13,777.8 to 24,137.5, a gain of 10,360 points (up 75.2%).

Overall, the S&P BSE SENSEX is up 44.8% over the year.

Current Valuations

At the current price of Rs 474.1, the price to earnings (P/E) ratio of FINOLEX CABLES stands at 28.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.4 times.

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FINOLEX CABLES 2020-21 Annual Report Analysis (Annual Result Update)

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FINOLEX CABLES Announces Quarterly Results (1QFY21); Net Profit Down 57.1% (Quarterly Result Update)

Sep 10, 2020 | Updated on Sep 10, 2020

For the quarter ended June 2020, FINOLEX CABLES has posted a net profit of Rs 350 m (down 57.1% YoY). Sales on the other hand came in at Rs 4 bn (down 53.3% YoY). Read on for a complete analysis of FINOLEX CABLES's quarterly results.

FINOLEX CABLES Announces Quarterly Results (3QFY20); Net Profit Up 6.2% (Quarterly Result Update)

Feb 19, 2020 | Updated on Feb 19, 2020

For the quarter ended December 2019, FINOLEX CABLES has posted a net profit of Rs 806 m (up 6.2% YoY). Sales on the other hand came in at Rs 7 bn (down 6.3% YoY). Read on for a complete analysis of FINOLEX CABLES's quarterly results.

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