PIRAMAL ENTERPRISES Announces Quarterly Results (1QFY22); Net Profit Down 20.0%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

PIRAMAL ENTERPRISES Announces Quarterly Results (1QFY22); Net Profit Down 20.0%
Mon, 9 Aug

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

PIRAMAL ENTERPRISES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m29,37334,01629,087-14.5%-1.0%
Other incomeRs m6551,6441,029-37.4%57.2%
TurnoverRs m30,02835,66030,116-15.5%0.3%
ExpensesRs m11,41916,23713,589-16.3%19.0%
Gross profitRs m17,95517,77915,348-13.7%-14.5%
DepreciationRs m1,3461,4531,4912.6%10.7%
InterestRs m11,0469,3659,8505.2%-10.8%
Profit before taxRs m6,2178,6055,036-41.5%-19.0%
TaxRs m1,61114,7681,351-90.9%-16.1%
Profit after taxRs m4,606-6,1633,685-20.0%
Gross profit margin%61.152.352.8
Effective tax rate%25.9171.626.8
Net profit margin%15.3-17.312.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 1.0% on a year-on-year (YoY) basis. The expenses were up by 19.0% YoY during the same period.
  • The company's operating profit declined by 14.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 52.8% in 1QFY22 as against 61.1% in 1QFY21.
  • Depreciation charges increased by 10.7% and finance costs declined by 10.8% YoY, respectively.
  • Other income increased by 57.2% YoY during the quarter.
  • Net profit for the quarter declined by 20.0% YoY. Net profit margins during the quarter declined from 15.3% in 1QFY21 to 12.2% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 14.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.3% QoQ during the same period.
  • The company's operating profit declined by 13.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 52.8% in 1QFY22 as against 52.3% in 4QFY21.
  • Net profit for the quarter increased by 159.8% QoQ, while net profit margins increased from -17.3% in 4QFY21 to 12.2% in 1QFY22.

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

Lazy Millionaire: The Master Key to Potentially Double Money EVERY 4 Years

PIRAMAL ENTERPRISES Share Price Performance

Over the last one year, PIRAMAL ENTERPRISES share price has moved up from Rs 1,464.4 to Rs 2,806.0, registering a Gain of Rs 1,341.7 or around 91.6%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 26,357.8 (down 0.0%). Over the last one year it has moved up from 18,760.8 to 26,357.8, a gain of 7,597 points (up 40.5%).

Overall, the S&P BSE SENSEX is up 44.4% over the year.

Current Valuations

At the current price of Rs 2,806.0, the price to earnings (P/E) ratio of PIRAMAL ENTERPRISES stands at 64.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

Equitymaster requests your view! Post a comment on "PIRAMAL ENTERPRISES Announces Quarterly Results (1QFY22); Net Profit Down 20.0%". Click here!

  

Related Views on News

PIRAMAL ENTERPRISES 2020-21 Annual Report Analysis (Annual Result Update)

Oct 26, 2021 | Updated on Oct 26, 2021

Here's an analysis of the annual report of PIRAMAL ENTERPRISES for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of PIRAMAL ENTERPRISES. Also includes updates on the valuation of PIRAMAL ENTERPRISES.

PIRAMAL ENTERPRISES Announces Quarterly Results (1QFY21); Net Profit Up 22.1% (Quarterly Result Update)

Aug 25, 2020 | Updated on Aug 25, 2020

For the quarter ended June 2020, PIRAMAL ENTERPRISES has posted a net profit of Rs 5 bn (up 22.1% YoY). Sales on the other hand came in at Rs 29 bn (down 16.2% YoY). Read on for a complete analysis of PIRAMAL ENTERPRISES's quarterly results.

PIRAMAL ENTERPRISES Announces Quarterly Results (3QFY20); Net Profit Up 11.7% (Quarterly Result Update)

Feb 5, 2020 | Updated on Feb 5, 2020

For the quarter ended December 2019, PIRAMAL ENTERPRISES has posted a net profit of Rs 6 bn (up 11.7% YoY). Sales on the other hand came in at Rs 38 bn (up 9.1% YoY). Read on for a complete analysis of PIRAMAL ENTERPRISES's quarterly results.

More Views on News

Most Popular

India's Best Semiconductor Stocks(Views On News)

Jan 7, 2022

Modern wars are fought with semiconductors. India's best semiconductor stocks have big tailwinds from defence and manufacturing.

10 Indian Companies with the Fastest Growth in Dividend Payouts...(Views On News)

Jan 10, 2022

These companies have been consistently paying higher dividends for several years.

Tata Steel vs SAIL: Which Stock is Better?(Views On News)

Jan 13, 2022

With government initiatives set to boost the steel sector, find out who has a better chance of coming out on top.

Looking for Consistent Compounding Stocks? Here's a Watchlist for You(Views On News)

Jan 6, 2022

These companies have generated mind boggling returns for investors over the years.

Watch Out for these 4 Indian Companies Betting Big on EV Supply Chain(Views On News)

Jan 11, 2022

The upside in supply chain players could be huge but a delay in the transition to EVs, or any policy related hiccups could end the momentum.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

PIRAMAL ENTERPRISES SHARE PRICE


Jan 19, 2022 (Close)

TRACK PIRAMAL ENTERPRISES

  • Track your investment in PIRAMAL ENTERPRISES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON PIRAMAL ENTERPRISES

PIRAMAL ENTERPRISES 8-QTR ANALYSIS

COMPARE PIRAMAL ENTERPRISES WITH

MARKET STATS