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.

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

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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