MULTI COMMODITY Announces Quarterly Results (2QFY22); Net Profit Down 43.3%

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MULTI COMMODITY Announces Quarterly Results (2QFY22); Net Profit Down 43.3%
Tue, 26 Oct

MULTI COMMODITY has announced its results for the quarter ended September 2021. Here is a detailed performance review of the same:

MULTI COMMODITY Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-20*
3
Jun-21*
3
Sep-21*
QoQ ChangeYoY Change
Net SalesRs m1,197876832-5.0%-30.5%
Other incomeRs m178213161-24.6%-9.9%
TurnoverRs m1,3751,089993-8.9%-27.8%
ExpensesRs m540508494-2.7%-8.5%
Gross profitRs m657369338-8.3%-48.6%
DepreciationRs m526766-1.2%26.0%
InterestRs m110-20.0%-20.0%
Profit before taxRs m783515432-16.0%-44.7%
TaxRs m197116100-13.4%-49.0%
Profit after taxRs m586399332-16.7%-43.3%
Gross profit margin%54.942.140.6
Effective tax rate%25.222.523.2
Net profit margin%42.636.633.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 30.5% on a year-on-year (YoY) basis. The expenses were down by 8.5% YoY during the same period.
  • The company's operating profit declined by 48.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 40.6% in 2QFY22 as against 54.9% in 2QFY21.
  • Depreciation charges increased by 26.0% and finance costs declined by 20.0% YoY, respectively.
  • Other income declined by 9.9% YoY during the quarter.
  • Net profit for the quarter declined by 43.3% YoY. Net profit margins during the quarter declined from 42.6% in 2QFY21 to 33.4% in 2QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.7% QoQ during the same period.
  • The company's operating profit declined by 8.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 40.6% in 2QFY22 as against 42.1% in 1QFY21.
  • Net profit for the quarter declined by 16.7% QoQ, while net profit margins declined from 36.6% in 1QFY21 to 33.4% in 2QFY22.

To see how MULTI COMMODITY has performed over the last eight quarters,please visit here.

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MULTI COMMODITY Share Price Performance

Over the last one year, MULTI COMMODITY share price has moved down from Rs 1,807.5 to Rs 1,708.6, registering a Loss of Rs 98.9 or around 5.5%.

Overall, the S&P BSE SENSEX is up 51.0% over the year.

Current Valuations

At the current price of Rs 1,708.6, the price to earnings (P/E) ratio of MULTI COMMODITY stands at 47.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.6 times.

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