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

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FINOLEX INDUSTRIES Announces Quarterly Results (3QFY21); Net Profit Up 174.2%
Tue, 2 Feb

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

FINOLEX INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m6,9945,85810,66982.1%52.5%
Other incomeRs m67325182-44.1%169.8%
TurnoverRs m7,0616,18210,85075.5%53.7%
ExpensesRs m5,6104,4107,20263.3%28.4%
Gross profitRs m1,3841,4483,467139.5%150.4%
DepreciationRs m1881931992.6%5.8%
InterestRs m18818132.5%1.1%
Profit before taxRs m1,2461,5713,432118.4%175.4%
TaxRs m313374873133.5%178.9%
Profit after taxRs m9331,1972,559113.7%174.2%
Gross profit margin%19.824.732.5
Effective tax rate%25.123.825.4
Net profit margin%13.219.423.6
* 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 52.5% on a year-on-year (YoY) basis. The expenses were up by 28.4% YoY during the same period.
  • The company's operating profit increased by 150.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.5% in 3QFY21 as against 19.8% in 3QFY20.
  • Depreciation charges increased by 5.8% and finance costs increased by 1.1% YoY, respectively.
  • Other income increased by 169.8% YoY during the quarter.
  • Net profit for the quarter increased by 174.2% YoY. Net profit margins during the quarter increased from 13.2% in 3QFY20 to 23.6% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 82.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 63.3% QoQ during the same period.
  • The company's operating profit increased by 139.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.5% in 3QFY21 as against 24.7% in 2QFY20.
  • Net profit for the quarter increased by 113.7% QoQ, while net profit margins increased from 19.4% in 2QFY20 to 23.6% in 3QFY21.

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 557.2 to Rs 643.8, registering a Gain of Rs 86.6 or around 15.5%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 14,311.6 (up 1.4%). Over the last one year it has moved up from 13,563.3 to 14,311.6, a gain of 748 points (up 5.5%).

Overall, the S&P BSE SENSEX is up 20.3% over the year.

Current Valuations

At the current price of Rs 643.8, the price to earnings (P/E) ratio of FINOLEX INDUSTRIES stands at 16.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.1 times.

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Related Views on News

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.

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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