RELIANCE IND. Announces Quarterly Results (1QFY22); Net Profit Up 7.1%

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RELIANCE IND. Announces Quarterly Results (1QFY22); Net Profit Up 7.1%
Mon, 26 Jul

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

RELIANCE IND. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m912,3801,548,9601,443,720-6.8%58.2%
Other incomeRs m43,88032,37042,19030.3%-3.9%
TurnoverRs m956,2601,581,3301,485,910-6.0%55.4%
ExpensesRs m743,6301,315,4501,210,040-8.0%62.7%
Gross profitRs m218,410241,480233,680-3.2%7.0%
DepreciationRs m63,08069,73068,830-1.3%9.1%
InterestRs m67,35040,44033,970-16.0%-49.6%
Profit before taxRs m131,860163,680173,0705.7%31.3%
TaxRs m2,60013,87034,640149.7%1232.3%
Profit after taxRs m129,260149,810138,430-7.6%7.1%
Gross profit margin%23.915.616.2
Effective tax rate%2.08.520.0
Net profit margin%13.59.59.3
* 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 58.2% on a year-on-year (YoY) basis. The expenses were up by 62.7% YoY during the same period.
  • The company's operating profit increased by 7.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.2% in 1QFY22 as against 23.9% in 1QFY21.
  • Depreciation charges increased by 9.1% and finance costs declined by 49.6% YoY, respectively.
  • Other income declined by 3.9% YoY during the quarter.
  • Net profit for the quarter increased by 7.1% YoY. Net profit margins during the quarter declined from 13.5% in 1QFY21 to 9.3% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.0% QoQ during the same period.
  • The company's operating profit declined by 3.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.2% in 1QFY22 as against 15.6% in 4QFY21.
  • Net profit for the quarter declined by 7.6% QoQ, while net profit margins declined from 9.5% in 4QFY21 to 9.3% in 1QFY22.

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

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RELIANCE IND. Share Price Performance

Over the last one year, RELIANCE IND. share price has moved down from Rs 2,146.2 to Rs 2,077.9, registering a Loss of Rs 68.4 or around 3.2%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 15,624.0 (down 0.6%). Over the last one year it has moved up from 13,680.2 to 15,624.0, a gain of 1,944 points (up 14.2%).

Overall, the S&P BSE SENSEX is up 39.6% over the year.

Current Valuations

At the current price of Rs 2,077.9, the price to earnings (P/E) ratio of RELIANCE IND. stands at 26.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.0 times.

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