RADICO KHAITAN Announces Quarterly Results (3QFY21); Net Profit Up 44.6%

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RADICO KHAITAN Announces Quarterly Results (3QFY21); Net Profit Up 44.6%
Fri, 29 Jan

RADICO KHAITAN has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

RADICO KHAITAN Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m20,11627,40329,7128.4%47.7%
Other incomeRs m183826-31.8%40.9%
TurnoverRs m20,13527,44129,7378.4%47.7%
ExpensesRs m19,09126,33128,4668.1%49.1%
Gross profitRs m9391,0721,24616.2%32.6%
DepreciationRs m1311331362.1%3.5%
InterestRs m815454-0.9%-33.5%
Profit before taxRs m7459231,08217.2%45.1%
TaxRs m18819927639.2%46.7%
Profit after taxRs m55772480511.2%44.6%
Gross profit margin%4.73.94.2
Effective tax rate%25.321.525.6
Net profit margin%2.82.62.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 47.7% on a year-on-year (YoY) basis. The expenses were up by 49.1% YoY during the same period.
  • The company's operating profit increased by 32.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.2% in 3QFY21 as against 4.7% in 3QFY20.
  • Depreciation charges increased by 3.5% and finance costs declined by 33.5% YoY, respectively.
  • Other income increased by 40.9% YoY during the quarter.
  • Net profit for the quarter increased by 44.6% YoY. Net profit margins during the quarter declined from 2.8% in 3QFY20 to 2.7% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.1% QoQ during the same period.
  • The company's operating profit increased by 16.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.2% in 3QFY21 as against 3.9% in 2QFY20.
  • Net profit for the quarter increased by 11.2% QoQ, while net profit margins increased from 2.6% in 2QFY20 to 2.7% in 3QFY21.

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

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RADICO KHAITAN Share Price Performance

Over the last one year, RADICO KHAITAN share price has moved up from Rs 384.6 to Rs 498.5, registering a Gain of Rs 113.9 or around 29.6%.

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 498.5, the price to earnings (P/E) ratio of RADICO KHAITAN stands at 28.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.0 times.

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