MOIL Announces Quarterly Results (1QFY22); Net Profit Up 3187.0%

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MOIL Announces Quarterly Results (1QFY22); Net Profit Up 3187.0%
Mon, 16 Aug

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

MOIL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m1,5234,5012,933-34.8%92.6%
Other incomeRs m257314209-33.6%-18.9%
TurnoverRs m1,7814,8163,142-34.8%76.5%
ExpensesRs m1,0402,9432,096-28.8%101.4%
Gross profitRs m-171,559838-46.3%
DepreciationRs m219279237-15.0%8.5%
InterestRs m0000.0%0.0%
Profit before taxRs m211,594809-49.3%3716.7%
TaxRs m2433191-56.0%7883.3%
Profit after taxRs m191,160618-46.7%3187.0%
Gross profit margin%-1.134.628.6
Effective tax rate%11.327.223.6
Net profit margin%1.124.119.7
* 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 92.6% on a year-on-year (YoY) basis. The expenses were up by 101.4% YoY during the same period.
  • The company's operating profit declined by 4987.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.6% in 1QFY22 as against 1.1% in 1QFY21.
  • Depreciation charges increased by 8.5% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 18.9% YoY during the quarter.
  • Net profit for the quarter increased by 3187.0% YoY. Net profit margins during the quarter increased from 1.1% in 1QFY21 to 19.7% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 34.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 28.8% QoQ during the same period.
  • The company's operating profit declined by 46.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 28.6% in 1QFY22 as against 34.6% in 4QFY21.
  • Net profit for the quarter declined by 46.7% QoQ, while net profit margins declined from 24.1% in 4QFY21 to 19.7% in 1QFY22.

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

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

MOIL Share Price Performance

Over the last one year, MOIL share price has moved up from Rs 148.9 to Rs 174.4, registering a Gain of Rs 25.5 or around 17.1%.

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

Current Valuations

At the current price of Rs 174.4, the price to earnings (P/E) ratio of MOIL stands at 17.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

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