SHRIRAM TRANSPORT Announces Quarterly Results (1QFY22); Net Profit Down 46.9%

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SHRIRAM TRANSPORT Announces Quarterly Results (1QFY22); Net Profit Down 46.9%
Tue, 3 Aug

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

SHRIRAM TRANSPORT Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Operating incomeRs m41,40444,94046,4813.4%12.3%
Other incomeRs m383934-13.3%-10.8%
Total revenuesRs m41,44244,97946,5153.4%12.2%
InterestRs m22,67222,87924,9819.2%10.2%
Gross Profit Rs m18,37221,73621,173-2.6%15.2%
Other expensesRs m14,10412,39518,86052.2%33.7%
Profit before taxRs m4,3069,3802,347-75.0%-45.5%
TaxRs m1,1051,831648-64.6%-41.4%
Profit after taxRs m3,2017,5491,699-77.5%-46.9%
Gross profit margin %44.448.445.6
Effective tax rate%25.719.527.6
Net profit margin%7.716.83.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter grew 12.3% on a year-on-year (YoY) basis. The interest expended was up by 10.2% YoY during the same period.
  • The bank's operating profit increased by 15.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 45.6% in 1QFY22 as against 44.4% in 1QFY21.
  • Other income declined by 10.8% YoY during the quarter.
  • Net profit for the quarter declined by 46.9% YoY. Net profit margins during the quarter declined from 7.7% in 1QFY21 to 3.7% in 1QFY22.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 3.4% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 9.2% QoQ during the same period.
  • The bank's operating profit declined by 2.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 45.6% in 1QFY22 as against 48.4% in 4QFY21.
  • Net profit for the quarter declined by 77.5% QoQ, while net profit margins declined from 16.8% in 4QFY21 to 3.7% in 1QFY22.

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

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SHRIRAM TRANSPORT Share Price Performance

Over the last one year, SHRIRAM TRANSPORT share price has moved up from Rs 671.1 to Rs 1,340.5, registering a Gain of Rs 669.5 or around 99.8%.

Overall, the S&P BSE SENSEX is up 42.6% over the year.

Current Valuations

At the current price of Rs 1,340.5, the price to earnings (P/E) ratio of SHRIRAM TRANSPORT stands at 14.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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