GODREJ INDUSTRIES Announces Quarterly Results (1QFY22); Net Profit Up 222.1%

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GODREJ INDUSTRIES Announces Quarterly Results (1QFY22); Net Profit Up 222.1%
Mon, 16 Aug

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

GODREJ INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m19,80126,10728,90510.7%46.0%
Other incomeRs m1,3871,7462,10420.5%51.7%
TurnoverRs m21,18827,85331,00911.3%46.4%
ExpensesRs m18,76626,26727,4844.6%46.5%
Gross profitRs m1,034-1601,42137.4%
DepreciationRs m5736286361.3%11.0%
InterestRs m1,1441,2441,3367.4%16.8%
Profit before taxRs m705-2851,554120.4%
TaxRs m381984512-48.0%34.2%
Profit after taxRs m323-1,2701,042222.1%
Gross profit margin%5.2-0.64.9
Effective tax rate%54.1-345.033.0
Net profit margin%1.5-4.63.4
* 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 46.0% on a year-on-year (YoY) basis. The expenses were up by 46.5% YoY during the same period.
  • The company's operating profit increased by 37.4% YoY during the quarter. Consequently, operating profit margins remained same and stood at 4.9% in 1QFY22.
  • Depreciation charges increased by 11.0% and finance costs increased by 16.8% YoY, respectively.
  • Other income increased by 51.7% YoY during the quarter.
  • Net profit for the quarter increased by 222.1% YoY. Net profit margins during the quarter increased from 1.5% in 1QFY21 to 3.4% 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 4.6% QoQ during the same period.
  • The company's operating profit declined by 990.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.9% in 1QFY22 as against 0.6% in 4QFY21.
  • Net profit for the quarter increased by 182.0% QoQ, while net profit margins increased from -4.6% in 4QFY21 to 3.4% in 1QFY22.

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

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

GODREJ INDUSTRIES Share Price Performance

Over the last one year, GODREJ INDUSTRIES share price has moved up from Rs 373.1 to Rs 570.6, registering a Gain of Rs 197.6 or around 53.0%.

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

Current Valuations

At the current price of Rs 570.6, the price to earnings (P/E) ratio of GODREJ INDUSTRIES stands at 176.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.5 times.

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Oct 20, 2021 03:35 PM

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