FINOLEX INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 18.6%

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FINOLEX INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 18.6%
Mon, 17 Feb

FINOLEX INDUSTRIES has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

FINOLEX INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m7,5665,7676,99421.3%-7.6%
Other incomeRs m17317467-61.4%-61.0%
TurnoverRs m7,7395,9417,06118.9%-8.8%
ExpensesRs m6,3164,9475,61013.4%-11.2%
Gross profitRs m1,2508201,38468.8%10.8%
DepreciationRs m196194188-3.3%-4.4%
InterestRs m17218669.6%3.6%
Profit before taxRs m1,2097981,24656.2%3.1%
TaxRs m422-229313-25.8%
Profit after taxRs m7871,027933-9.1%18.6%
Gross profit margin%16.514.219.8
Effective tax rate%34.9-28.725.1
Net profit margin%10.217.313.2
* 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 7.6% on a year-on-year (YoY) basis. The expenses were down by 11.2% YoY during the same period.
  • The company's operating profit increased by 10.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.8% in 3QFY20 as against 16.5% in 3QFY19.
  • Depreciation charges declined by 4.4% and finance costs increased by 3.6% YoY, respectively.
  • Other income declined by 61.0% YoY during the quarter.
  • Net profit for the quarter increased by 18.6% YoY. Net profit margins during the quarter increased from 10.2% in 3QFY19 to 13.2% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 21.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 13.4% QoQ during the same period.
  • The company's operating profit increased by 68.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.8% in 3QFY20 as against 14.2% in 2QFY19.
  • Net profit for the quarter declined by 9.1% QoQ, while net profit margins declined from 17.3% in 2QFY19 to 13.2% in 3QFY20.

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

Urgent New Alert: About Coming Once-in-a-generation Wealth Shift

FINOLEX INDUSTRIES Share Price Performance

Over the last one year,FINOLEX INDUSTRIES share price has moved up from Rs 493.8 to Rs 560.0, registering a Gain of Rs 66.3 or around 13.4%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,747.3 (down 2.4%). Over the last one year it has moved up from 13,073.3 to 13,747.3, a gain of 674 points (up 5.2%).

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 560.0, the price to earnings (P/E) ratio of FINOLEX INDUSTRIES stands at 19.3 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 (2QFY21); Net Profit Up 16.6% (Quarterly Result Update)

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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