GUJARAT ALKALIES Announces Quarterly Results (1QFY22); Net Profit Up 98.4%

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GUJARAT ALKALIES Announces Quarterly Results (1QFY22); Net Profit Up 98.4%
Wed, 11 Aug

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

GUJARAT ALKALIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m4,6966,7147,1646.7%52.6%
Other incomeRs m1308915371.7%17.4%
TurnoverRs m4,8266,8037,3177.6%51.6%
ExpensesRs m3,9125,7495,8952.5%50.7%
Gross profitRs m7859651,27031.6%61.8%
DepreciationRs m4234424685.9%10.7%
InterestRs m318723-74.0%-27.3%
Profit before taxRs m46052593177.4%102.4%
TaxRs m14017529669.0%111.4%
Profit after taxRs m32035063581.6%98.4%
Gross profit margin%16.714.417.7
Effective tax rate%30.433.431.8
Net profit margin%6.65.18.7
* 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 52.6% on a year-on-year (YoY) basis. The expenses were up by 50.7% YoY during the same period.
  • The company's operating profit increased by 61.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.7% in 1QFY22 as against 16.7% in 1QFY21.
  • Depreciation charges increased by 10.7% and finance costs declined by 27.3% YoY, respectively.
  • Other income increased by 17.4% YoY during the quarter.
  • Net profit for the quarter increased by 98.4% YoY. Net profit margins during the quarter increased from 6.6% in 1QFY21 to 8.7% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.5% QoQ during the same period.
  • The company's operating profit increased by 31.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.7% in 1QFY22 as against 14.4% in 4QFY21.
  • Net profit for the quarter increased by 81.6% QoQ, while net profit margins increased from 5.1% in 4QFY21 to 8.7% in 1QFY22.

To see how GUJARAT ALKALIES has performed over the last eight quarters,please visit here.

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GUJARAT ALKALIES Share Price Performance

Over the last one year, GUJARAT ALKALIES share price has moved up from Rs 336.6 to Rs 490.3, registering a Gain of Rs 153.7 or around 45.7%.

Overall, the S&P BSE SENSEX is up 42.6% over the year.

Current Valuations

At the current price of Rs 490.3, the price to earnings (P/E) ratio of GUJARAT ALKALIES stands at 18.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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