TATA CHEMICALS Announces Quarterly Results (1QFY22); Net Profit Up 289.5%

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TATA CHEMICALS Announces Quarterly Results (1QFY22); Net Profit Up 289.5%
Mon, 9 Aug

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

TATA CHEMICALS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m23,48226,36229,77212.9%26.8%
Other incomeRs m587645543-15.8%-7.4%
TurnoverRs m24,06827,00730,31512.2%26.0%
ExpensesRs m19,88423,53523,7601.0%19.5%
Gross profitRs m3,5982,8276,012112.7%67.1%
DepreciationRs m1,8991,9161,9753.1%4.0%
InterestRs m1,179850812-4.5%-31.1%
Profit before taxRs m1,1077073,769433.4%240.6%
TaxRs m35851185366.8%138.2%
Profit after taxRs m7491952,9161392.3%289.5%
Gross profit margin%15.310.720.2
Effective tax rate%32.372.322.6
Net profit margin%3.10.79.6
* 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 26.8% on a year-on-year (YoY) basis. The expenses were up by 19.5% YoY during the same period.
  • The company's operating profit increased by 67.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.2% in 1QFY22 as against 15.3% in 1QFY21.
  • Depreciation charges increased by 4.0% and finance costs declined by 31.1% YoY, respectively.
  • Other income declined by 7.4% YoY during the quarter.
  • Net profit for the quarter increased by 289.5% YoY. Net profit margins during the quarter increased from 3.1% in 1QFY21 to 9.6% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.0% QoQ during the same period.
  • The company's operating profit increased by 112.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.2% in 1QFY22 as against 10.7% in 4QFY21.
  • Net profit for the quarter increased by 1392.3% QoQ, while net profit margins increased from 0.7% in 4QFY21 to 9.6% in 1QFY22.

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 300.9 to Rs 847.0, registering a Gain of Rs 546.1 or around 181.5%.

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

Current Valuations

At the current price of Rs 847.0, the price to earnings (P/E) ratio of TATA CHEMICALS stands at 34.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

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