SAIL Announces Quarterly Results (1QFY22); Net Profit Up 400.8%

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SAIL Announces Quarterly Results (1QFY22); Net Profit Up 400.8%
Mon, 9 Aug

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

SAIL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m90,675232,849206,430-11.3%127.7%
Other incomeRs m2,7872,4831,117-55.0%-59.9%
TurnoverRs m93,462235,332207,548-11.8%122.1%
ExpensesRs m94,653171,310140,748-17.8%48.7%
Gross profitRs m-3,97859,87565,6829.7%
DepreciationRs m9,73511,57910,263-11.4%5.4%
InterestRs m8,8635,4045,030-6.9%-43.2%
Profit before taxRs m-19,78945,37551,50713.5%
TaxRs m-7,03811,91113,14910.4%
Profit after taxRs m-12,75133,46438,35814.6%
Gross profit margin%-4.425.731.8
Effective tax rate%35.626.225.5
Net profit margin%-13.614.218.5
* 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 127.7% on a year-on-year (YoY) basis. The expenses were up by 48.7% YoY during the same period.
  • The company's operating profit declined by 1751.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.8% in 1QFY22 as against 4.4% in 1QFY21.
  • Depreciation charges increased by 5.4% and finance costs declined by 43.2% YoY, respectively.
  • Other income declined by 59.9% YoY during the quarter.
  • Net profit for the quarter increased by 400.8% YoY. Net profit margins during the quarter increased from -13.6% in 1QFY21 to 18.5% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 17.8% QoQ during the same period.
  • The company's operating profit increased by 9.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.8% in 1QFY22 as against 25.7% in 4QFY21.
  • Net profit for the quarter increased by 14.6% QoQ, while net profit margins increased from 14.2% in 4QFY21 to 18.5% in 1QFY22.

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

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

SAIL Share Price Performance

Over the last one year, SAIL share price has moved up from Rs 37.7 to Rs 134.2, registering a Gain of Rs 96.5 or around 256.0%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 20,824.9 (down 1.5%). Over the last one year it has moved up from 8,439.4 to 20,824.9, a gain of 12,385 points (up 146.8%).

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

Current Valuations

At the current price of Rs 134.2, the price to earnings (P/E) ratio of SAIL stands at 6.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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