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- FOSECO INDIA Announces Quarterly Results (2QFY21); Net Profit Down 50.3%
FOSECO INDIA Announces Quarterly Results (2QFY21); Net Profit Down 50.3%
Wed, 28 Oct
FOSECO INDIA has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:
FOSECO INDIA Quarterly Financials
| No. of Mths Qtr. Ending | 3 Sep-19* | 3 Jun-20* | 3 Sep-20* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 787 | 277 | 689 | 149.3% | -12.4% |
| Other income | Rs m | 22 | 23 | 9 | -60.9% | -59.1% |
| Turnover | Rs m | 809 | 299 | 698 | 133.3% | -13.7% |
| Expenses | Rs m | 676 | 323 | 614 | 90.0% | -9.2% |
| Gross profit | Rs m | 111 | -46 | 76 | -31.7% | |
| Depreciation | Rs m | 11 | 15 | 16 | 8.6% | 44.5% |
| Interest | Rs m | 0 | 0 | 0 | 0.0% | 0.0% |
| Profit before tax | Rs m | 122 | -38 | 69 | -43.4% | |
| Tax | Rs m | 20 | -9 | 18 | -8.4% | |
| Profit after tax | Rs m | 102 | -29 | 51 | -50.3% | |
| Gross profit margin | % | 14.1 | -16.8 | 11.0 | ||
| Effective tax rate | % | 16.3 | 23.2 | 26.4 | ||
| Net profit margin | % | 12.6 | -9.8 | 7.3 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 12.4% on a year-on-year (YoY) basis. The expenses were down by 9.2% YoY during the same period.
- The company's operating profit declined by 31.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.0% in 2QFY21 as against 14.1% in 2QFY20.
- Depreciation charges increased by 44.5% and finance costs increased by 0.0% YoY, respectively.
- Other income declined by 59.1% YoY during the quarter.
- Net profit for the quarter declined by 50.3% YoY. Net profit margins during the quarter declined from 12.6% in 2QFY20 to 7.3% in 2QFY21.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 149.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 90.0% QoQ during the same period.
- The company's operating profit declined by 263.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.0% in 2QFY21 as against 16.8% in 1QFY20.
- Net profit for the quarter increased by 273.8% QoQ, while net profit margins increased from -9.7% in 1QFY20 to 7.3% in 2QFY21.
To see how FOSECO INDIA has performed over the last eight quarters,please visit here.
DISCOVER: How to Potentially Multiply Your Returns by Upto 5x...
FOSECO INDIA Share Price Performance
Over the last one year, FOSECO INDIA share price has moved down from Rs 1,366.6 to Rs 1,195.0, registering a Loss of Rs 171.6 or around 12.6%.
Overall, the S&P BSE SENSEX is up 2.9% over the year.
Current Valuations
At the current price of Rs 1,195.0, the price to earnings (P/E) ratio of FOSECO INDIA stands at 52.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.2 times.
Related Views on News
FOSECO INDIA Announces Quarterly Results (4QFY20); Net Profit Down 29.5% (Quarterly Result Update)
May 29, 2020 | Updated on May 29, 2020For the quarter ended March 2020, FOSECO INDIA has posted a net profit of Rs 61 m (down 29.5% YoY). Sales on the other hand came in at Rs 721 m (down 14.4% YoY). Read on for a complete analysis of FOSECO INDIA's quarterly results.
FOSECO INDIA Announces Quarterly Results (2QFY20); Net Profit Up 18.0% (Quarterly Result Update)
Nov 4, 2019 | Updated on Nov 4, 2019For the quarter ended September 2019, FOSECO INDIA has posted a net profit of Rs 102 m (up 18.0% YoY). Sales on the other hand came in at Rs 787 m (down 13.6% YoY). Read on for a complete analysis of FOSECO INDIA's quarterly results.
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