MISHRA DHATU NIGAM Announces Quarterly Results (1QFY22); Net Profit Up 2147.1%

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MISHRA DHATU NIGAM Announces Quarterly Results (1QFY22); Net Profit Up 2147.1%
Mon, 16 Aug

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

MISHRA DHATU NIGAM Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m1,1353,4591,141-67.0%0.5%
Other incomeRs m3580823.0%132.3%
TurnoverRs m1,1703,5381,222-65.5%4.5%
ExpensesRs m1,0772,428885-63.5%-17.8%
Gross profitRs m581,031255-75.3%336.9%
DepreciationRs m6668690.7%3.2%
InterestRs m322718-34.5%-43.0%
Profit before taxRs m-41,015251-75.3%
TaxRs m526963-76.8%1165.2%
Profit after taxRs m-9746188-74.8%
Gross profit margin%5.129.822.4
Effective tax rate%-116.226.524.9
Net profit margin%-0.821.115.4
* 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 0.5% on a year-on-year (YoY) basis. The expenses were down by 17.8% YoY during the same period.
  • The company's operating profit increased by 336.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.4% in 1QFY22 as against 5.1% in 1QFY21.
  • Depreciation charges increased by 3.2% and finance costs declined by 43.0% YoY, respectively.
  • Other income increased by 132.3% YoY during the quarter.
  • Net profit for the quarter increased by 2147.1% YoY. Net profit margins during the quarter increased from -0.8% in 1QFY21 to 15.4% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 67.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 63.5% QoQ during the same period.
  • The company's operating profit declined by 75.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.4% in 1QFY22 as against 29.8% in 4QFY21.
  • Net profit for the quarter declined by 74.8% QoQ, while net profit margins declined from 21.1% in 4QFY21 to 15.4% in 1QFY22.

To see how MISHRA DHATU NIGAM has performed over the last eight quarters,please visit here.

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MISHRA DHATU NIGAM Share Price Performance

Over the last one year, MISHRA DHATU NIGAM share price has moved down from Rs 209.8 to Rs 185.4, registering a Loss of Rs 24.5 or around 11.7%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 21,532.6 (up 1.7%). Over the last one year it has moved up from 8,742.4 to 21,532.6, a gain of 12,790 points (up 146.3%).

Overall, the S&P BSE SENSEX is up 44.8% over the year.

Current Valuations

At the current price of Rs 185.4, the price to earnings (P/E) ratio of MISHRA DHATU NIGAM stands at 18.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 times.

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Oct 22, 2021 03:36 PM

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