MAHARASHTRA SEAMLESS Announces Quarterly Results (1QFY22); Net Profit Up 99.0%

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MAHARASHTRA SEAMLESS Announces Quarterly Results (1QFY22); Net Profit Up 99.0%
Mon, 16 Aug

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

MAHARASHTRA SEAMLESS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m4,5907,0866,905-2.6%50.4%
Other incomeRs m168124315153.6%87.9%
TurnoverRs m4,7577,2107,2200.1%51.8%
ExpensesRs m3,5805,6045,6370.6%57.5%
Gross profitRs m1,010-2851,26725.5%
DepreciationRs m28927434626.1%19.8%
InterestRs m158119108-9.1%-31.9%
Profit before taxRs m731-5541,12954.6%
TaxRs m214-17102-52.5%
Profit after taxRs m516-5361,02799.0%
Gross profit margin%22.0-4.018.4
Effective tax rate%29.33.19.0
Net profit margin%10.8-7.414.2
* 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 50.4% on a year-on-year (YoY) basis. The expenses were up by 57.5% YoY during the same period.
  • The company's operating profit increased by 25.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.4% in 1QFY22 as against 22.0% in 1QFY21.
  • Depreciation charges increased by 19.8% and finance costs declined by 31.9% YoY, respectively.
  • Other income increased by 87.9% YoY during the quarter.
  • Net profit for the quarter increased by 99.0% YoY. Net profit margins during the quarter increased from 10.8% in 1QFY21 to 14.2% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.6% QoQ during the same period.
  • The company's operating profit declined by 544.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.4% in 1QFY22 as against 4.0% in 4QFY21.
  • Net profit for the quarter increased by 291.5% QoQ, while net profit margins increased from -7.4% in 4QFY21 to 14.2% in 1QFY22.

To see how MAHARASHTRA SEAMLESS has performed over the last eight quarters,please visit here.

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MAHARASHTRA SEAMLESS Share Price Performance

Over the last one year, MAHARASHTRA SEAMLESS share price has moved up from Rs 212.1 to Rs 341.0, registering a Gain of Rs 128.9 or around 60.8%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 21,542.3 (up 1.8%). Over the last one year it has moved up from 8,742.4 to 21,542.3, a gain of 12,800 points (up 146.4%).

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

Current Valuations

At the current price of Rs 341.0, the price to earnings (P/E) ratio of MAHARASHTRA SEAMLESS stands at 11.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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