IOL CHEMICALS & PHARM. Announces Quarterly Results (1QFY22); Net Profit Down 47.5%

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IOL CHEMICALS & PHARM. Announces Quarterly Results (1QFY22); Net Profit Down 47.5%
Mon, 16 Aug

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

IOL CHEMICALS & PHARM. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m4,6014,6045,18512.6%12.7%
Other incomeRs m586257-7.9%-1.4%
TurnoverRs m4,6594,6665,24212.4%12.5%
ExpensesRs m3,0803,4924,08416.9%32.6%
Gross profitRs m1,5211,112962-13.4%-36.7%
DepreciationRs m941001033.5%10.3%
InterestRs m18141822.9%-2.7%
Profit before taxRs m1,4671,060899-15.2%-38.8%
TaxRs m192307229-25.6%19.0%
Profit after taxRs m1,275753670-11.0%-47.5%
Gross profit margin%33.124.118.6
Effective tax rate%13.129.025.4
Net profit margin%27.416.112.8
* 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 12.7% on a year-on-year (YoY) basis. The expenses were up by 32.6% YoY during the same period.
  • The company's operating profit declined by 36.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.6% in 1QFY22 as against 33.1% in 1QFY21.
  • Depreciation charges increased by 10.3% and finance costs declined by 2.7% YoY, respectively.
  • Other income declined by 1.4% YoY during the quarter.
  • Net profit for the quarter declined by 47.5% YoY. Net profit margins during the quarter declined from 27.4% in 1QFY21 to 12.8% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.9% QoQ during the same period.
  • The company's operating profit declined by 13.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.6% in 1QFY22 as against 24.1% in 4QFY21.
  • Net profit for the quarter declined by 11.0% QoQ, while net profit margins declined from 16.1% in 4QFY21 to 12.8% in 1QFY22.

To see how IOL CHEMICALS & PHARM. has performed over the last eight quarters,please visit here.

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IOL CHEMICALS & PHARM. Share Price Performance

Over the last one year, IOL CHEMICALS & PHARM. share price has moved down from Rs 789.4 to Rs 608.0, registering a Loss of Rs 181.4 or around 23.0%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 25,870.0 (down 0.0%). Over the last one year it has moved up from 19,114.4 to 25,870.0, a gain of 6,756 points (up 35.3%).

Overall, the S&P BSE SENSEX is up 44.9% over the year.

Current Valuations

At the current price of Rs 608.0, the price to earnings (P/E) ratio of IOL CHEMICALS & PHARM. stands at 9.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.4 times.

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