FINOLEX INDUSTRIES Announces Quarterly Results (1QFY22); Net Profit Up 173.3%

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FINOLEX INDUSTRIES Announces Quarterly Results (1QFY22); Net Profit Up 173.3%
Tue, 3 Aug

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

FINOLEX INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m5,61912,4939,657-22.7%71.9%
Other incomeRs m8313515413.4%84.5%
TurnoverRs m5,70212,6299,811-22.3%72.1%
ExpensesRs m4,7378,3937,562-9.9%59.7%
Gross profitRs m8824,1012,095-48.9%137.4%
DepreciationRs m1881972011.8%6.5%
InterestRs m331848158.7%45.1%
Profit before taxRs m7454,0212,000-50.2%168.7%
TaxRs m2061,062529-50.2%156.6%
Profit after taxRs m5382,9581,471-50.3%173.3%
Gross profit margin%15.732.821.7
Effective tax rate%27.726.426.5
Net profit margin%9.423.415.0
* 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 71.9% on a year-on-year (YoY) basis. The expenses were up by 59.7% YoY during the same period.
  • The company's operating profit increased by 137.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.7% in 1QFY22 as against 15.7% in 1QFY21.
  • Depreciation charges increased by 6.5% and finance costs increased by 45.1% YoY, respectively.
  • Other income increased by 84.5% YoY during the quarter.
  • Net profit for the quarter increased by 173.3% YoY. Net profit margins during the quarter increased from 9.4% in 1QFY21 to 15.0% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 22.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.9% QoQ during the same period.
  • The company's operating profit declined by 48.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.7% in 1QFY22 as against 32.8% in 4QFY21.
  • Net profit for the quarter declined by 50.3% QoQ, while net profit margins declined from 23.4% in 4QFY21 to 15.0% in 1QFY22.

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

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FINOLEX INDUSTRIES Share Price Performance

Over the last one year, FINOLEX INDUSTRIES share price has moved up from Rs 92.3 to Rs 175.1, registering a Gain of Rs 82.9 or around 89.8%.

Overall, the S&P BSE SENSEX is up 42.6% over the year.

Current Valuations

At the current price of Rs 175.1, the price to earnings (P/E) ratio of FINOLEX INDUSTRIES stands at 13.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.5 times.

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

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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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