FINE ORGANIC INDUSTRIES Announces Quarterly Results (1QFY22); Net Profit Up 25.0%

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FINE ORGANIC INDUSTRIES Announces Quarterly Results (1QFY22); Net Profit Up 25.0%
Mon, 16 Aug

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

FINE ORGANIC INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m2,4003,2293,57610.7%49.0%
Other incomeRs m156359-6.4%288.1%
TurnoverRs m2,4153,2923,63510.4%50.5%
ExpensesRs m1,8752,7453,05611.3%62.9%
Gross profitRs m5254845207.4%-0.9%
DepreciationRs m11112495-23.2%-14.5%
InterestRs m1813134.1%-25.9%
Profit before taxRs m41141147114.6%14.6%
TaxRs m1209510612.1%-10.9%
Profit after taxRs m29231636515.4%25.0%
Gross profit margin%21.915.014.5
Effective tax rate%29.123.122.6
Net profit margin%12.19.610.0
* 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 49.0% on a year-on-year (YoY) basis. The expenses were up by 62.9% YoY during the same period.
  • The company's operating profit declined by 0.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.5% in 1QFY22 as against 21.9% in 1QFY21.
  • Depreciation charges declined by 14.5% and finance costs declined by 25.9% YoY, respectively.
  • Other income increased by 288.1% YoY during the quarter.
  • Net profit for the quarter increased by 25.0% YoY. Net profit margins during the quarter declined from 12.1% in 1QFY21 to 10.0% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.3% QoQ during the same period.
  • The company's operating profit increased by 7.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.5% in 1QFY22 as against 15.0% in 4QFY21.
  • Net profit for the quarter increased by 15.4% QoQ, while net profit margins increased from 9.6% in 4QFY21 to 10.0% in 1QFY22.

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

Find Out: How to Create Massive Gains from Govt's Mega 2023 Plan?

FINE ORGANIC INDUSTRIES Share Price Performance

Over the last one year, FINE ORGANIC INDUSTRIES share price has moved up from Rs 2,276.4 to Rs 2,860.0, registering a Gain of Rs 583.6 or around 25.6%.

Overall, the S&P BSE SENSEX is up 44.9% over the year.

Current Valuations

At the current price of Rs 2,860.0, the price to earnings (P/E) ratio of FINE ORGANIC INDUSTRIES stands at 68.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 12.0 times.

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Oct 20, 2021 03:35 PM

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