TATA CHEMICALS Announces Quarterly Results (1QFY21); Net Profit Down 73.7%

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TATA CHEMICALS Announces Quarterly Results (1QFY21); Net Profit Down 73.7%
Mon, 24 Aug

TATA CHEMICALS has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

TATA CHEMICALS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m28,96923,78123,482-1.3%-18.9%
Other incomeRs m879756587-22.4%-33.2%
TurnoverRs m29,84824,53624,068-1.9%-19.4%
ExpensesRs m23,04619,77919,8840.5%-13.7%
Gross profitRs m5,8444,0023,598-10.1%-38.4%
DepreciationRs m1,6351,7391,8999.2%16.2%
InterestRs m9448551,17937.8%24.8%
Profit before taxRs m4,1432,1631,107-48.9%-73.3%
TaxRs m1,30119335885.2%-72.5%
Profit after taxRs m2,8421,970749-62.0%-73.7%
Gross profit margin%20.216.815.3
Effective tax rate%31.48.932.3
Net profit margin%9.58.03.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 18.9% on a year-on-year (YoY) basis. The expenses were down by 13.7% YoY during the same period.
  • The company's operating profit declined by 38.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.3% in 1QFY21 as against 20.2% in 1QFY20.
  • Depreciation charges increased by 16.2% and finance costs increased by 24.8% YoY, respectively.
  • Other income declined by 33.2% YoY during the quarter.
  • Net profit for the quarter declined by 73.7% YoY. Net profit margins during the quarter declined from 9.5% in 1QFY20 to 3.1% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.5% QoQ during the same period.
  • The company's operating profit declined by 10.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.3% in 1QFY21 as against 16.8% in 4QFY20.
  • Net profit for the quarter declined by 62.0% QoQ, while net profit margins declined from 8.0% in 4QFY20 to 3.1% in 1QFY21.

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

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TATA CHEMICALS Share Price Performance

Over the last one year,TATA CHEMICALS share price has moved up from Rs 240.6 to Rs 332.2, registering a Gain of Rs 91.6 or around 38.1%.

Overall, the S&P BSE SENSEX is up 4.7% over the year.

Current Valuations

At the current price of Rs 332.2, the price to earnings (P/E) ratio of TATA CHEMICALS stands at 9.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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