TIMKEN INDIA Announces Quarterly Results (1QFY22); Net Profit Up 1700.6%

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TIMKEN INDIA Announces Quarterly Results (1QFY22); Net Profit Up 1700.6%
Wed, 11 Aug

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

TIMKEN INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m1,6024,7544,679-1.6%192.0%
Other incomeRs m787929-63.4%-63.1%
TurnoverRs m1,6804,8324,707-2.6%180.1%
ExpensesRs m1,4623,8853,751-3.5%156.6%
Gross profitRs m1418699286.8%559.3%
DepreciationRs m1791951992.1%10.9%
InterestRs m364-31.0%29.0%
Profit before taxRs m367477540.9%1976.0%
TaxRs m5217186-14.2%3783.3%
Profit after taxRs m325295677.2%1700.6%
Gross profit margin%8.818.319.8
Effective tax rate%13.229.124.7
Net profit margin%1.911.012.0
* 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 192.0% on a year-on-year (YoY) basis. The expenses were up by 156.6% YoY during the same period.
  • The company's operating profit increased by 559.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.8% in 1QFY22 as against 8.8% in 1QFY21.
  • Depreciation charges increased by 10.9% and finance costs increased by 29.0% YoY, respectively.
  • Other income declined by 63.1% YoY during the quarter.
  • Net profit for the quarter increased by 1700.6% YoY. Net profit margins during the quarter increased from 1.9% in 1QFY21 to 12.0% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.5% QoQ during the same period.
  • The company's operating profit increased by 6.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.8% in 1QFY22 as against 18.3% in 4QFY21.
  • Net profit for the quarter increased by 7.2% QoQ, while net profit margins increased from 10.9% in 4QFY21 to 12.0% in 1QFY22.

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

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TIMKEN INDIA Share Price Performance

Over the last one year, TIMKEN INDIA share price has moved up from Rs 994.3 to Rs 1,535.7, registering a Gain of Rs 541.4 or around 54.5%.

Overall, the S&P BSE SENSEX is up 42.5% over the year.

Current Valuations

At the current price of Rs 1,535.7, the price to earnings (P/E) ratio of TIMKEN INDIA stands at 58.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.6 times.

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