FINOLEX INDUSTRIES Announces Quarterly Results (2QFY21); Net Profit Up 16.6%

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FINOLEX INDUSTRIES Announces Quarterly Results (2QFY21); Net Profit Up 16.6%
Wed, 28 Oct

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

FINOLEX INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m5,7675,6215,8584.2%1.6%
Other incomeRs m17483325290.1%86.3%
TurnoverRs m5,9415,7046,1828.4%4.1%
ExpensesRs m4,9474,7384,410-6.9%-10.8%
Gross profitRs m8208821,44864.1%76.6%
DepreciationRs m1941881932.7%-0.3%
InterestRs m2338-76.5%234.8%
Profit before taxRs m7987451,571111.0%96.9%
TaxRs m-22919337493.4%
Profit after taxRs m1,0275511,197117.2%16.6%
Gross profit margin%14.215.724.7
Effective tax rate%-28.726.023.8
Net profit margin%17.39.719.4
* 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 1.6% on a year-on-year (YoY) basis. The expenses were down by 10.8% YoY during the same period.
  • The company's operating profit increased by 76.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.7% in 2QFY21 as against 14.2% in 2QFY20.
  • Depreciation charges declined by 0.3% and finance costs increased by 234.8% YoY, respectively.
  • Other income increased by 86.3% YoY during the quarter.
  • Net profit for the quarter increased by 16.6% YoY. Net profit margins during the quarter increased from 17.3% in 2QFY20 to 19.4% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.9% QoQ during the same period.
  • The company's operating profit increased by 64.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.7% in 2QFY21 as against 15.7% in 1QFY20.
  • Net profit for the quarter increased by 117.2% QoQ, while net profit margins increased from 9.7% in 1QFY20 to 19.4% in 2QFY21.

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 613.8 to Rs 551.0, registering a Loss of Rs 62.8 or around 10.2%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 12,043.0 (up 0.0%). Over the last one year it has moved down from 15,251.9 to 12,043.0, a gain of 3,209 points (down 21.0%).

Overall, the S&P BSE SENSEX is up 2.9% over the year.

Current Valuations

At the current price of Rs 551.0, the price to earnings (P/E) ratio of FINOLEX INDUSTRIES stands at 21.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 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.

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

Aug 18, 2020 | Updated on Aug 18, 2020

For the quarter ended June 2020, FINOLEX INDUSTRIES has posted a net profit of Rs 551 m (down 24.0% YoY). Sales on the other hand came in at Rs 6 bn (down 40.4% YoY). Read on for a complete analysis of FINOLEX INDUSTRIES's quarterly results.

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