FINOLEX INDUSTRIES Announces Quarterly Results (1QFY21); Net Profit Down 24.0%

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FINOLEX INDUSTRIES Announces Quarterly Results (1QFY21); Net Profit Down 24.0%
Tue, 18 Aug

FINOLEX INDUSTRIES has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

FINOLEX INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m9,4387,6615,621-26.6%-40.4%
Other incomeRs m571083749.0%46.0%
TurnoverRs m9,4957,6715,704-25.6%-39.9%
ExpensesRs m8,2036,6204,738-28.4%-42.2%
Gross profitRs m1,2361,041882-15.2%-28.6%
DepreciationRs m168189188-0.3%12.3%
InterestRs m99033-63.7%277.0%
Profit before taxRs m1,116771745-3.5%-33.3%
TaxRs m391214193-9.8%-50.6%
Profit after taxRs m725557551-1.1%-24.0%
Gross profit margin%13.113.615.7
Effective tax rate%35.127.826.0
Net profit margin%7.67.39.7
* 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 fell 40.4% on a year-on-year (YoY) basis. The expenses were down by 42.2% YoY during the same period.
  • The company's operating profit declined by 28.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.7% in 1QFY21 as against 13.1% in 1QFY20.
  • Depreciation charges increased by 12.3% and finance costs increased by 277.0% YoY, respectively.
  • Other income increased by 46.0% YoY during the quarter.
  • Net profit for the quarter declined by 24.0% YoY. Net profit margins during the quarter increased from 7.6% in 1QFY20 to 9.7% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 26.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 28.4% QoQ during the same period.
  • The company's operating profit declined by 15.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.7% in 1QFY21 as against 13.6% in 4QFY20.
  • Net profit for the quarter declined by 1.1% QoQ, while net profit margins increased from 7.3% in 4QFY20 to 9.7% in 1QFY21.

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

LIVE on April 23rd: Has Covid impacted India's long-term growth potential?

FINOLEX INDUSTRIES Share Price Performance

Over the last one year,FINOLEX INDUSTRIES share price has moved down from Rs 513.9 to Rs 453.3, registering a Loss of Rs 60.7 or around 11.8%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,271.8 (up 0.4%). Over the last one year it has moved up from 13,169.9 to 13,271.8, a gain of 102 points (up 0.8%).

Overall, the S&P BSE SENSEX is up 2.3% over the year.

Current Valuations

At the current price of Rs 453.3, the price to earnings (P/E) ratio of FINOLEX INDUSTRIES stands at 18.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.2 times.

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FINOLEX INDUSTRIES Announces Quarterly Results (3QFY21); Net Profit Up 174.2% (Quarterly Result Update)

Feb 2, 2021 | Updated on Feb 2, 2021

For the quarter ended December 2020, FINOLEX INDUSTRIES has posted a net profit of Rs 3 bn (up 174.2% YoY). Sales on the other hand came in at Rs 11 bn (up 52.5% YoY). Read on for a complete analysis of FINOLEX INDUSTRIES's quarterly results.

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Oct 28, 2020 | Updated on Oct 28, 2020

For the quarter ended September 2020, FINOLEX INDUSTRIES has posted a net profit of Rs 1 bn (up 16.6% YoY). Sales on the other hand came in at Rs 6 bn (up 1.6% YoY). Read on for a complete analysis of FINOLEX INDUSTRIES's quarterly results.

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