TATA METALIK Announces Quarterly Results (2QFY22); Net Profit Down 33.3%

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TATA METALIK Announces Quarterly Results (2QFY22); Net Profit Down 33.3%
Mon, 18 Oct

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

TATA METALIK Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-20*
3
Jun-21*
3
Sep-21*
QoQ ChangeYoY Change
Net SalesRs m5,1966,0306,4486.9%24.1%
Other incomeRs m223531-10.3%41.2%
TurnoverRs m5,2186,0656,4806.8%24.2%
ExpensesRs m4,1024,4955,45121.3%32.9%
Gross profitRs m1,0951,535998-35.0%-8.8%
DepreciationRs m164162159-1.3%-2.9%
InterestRs m506060-0.8%18.3%
Profit before taxRs m9021,348810-39.9%-10.2%
TaxRs m80399262-34.4%227.0%
Profit after taxRs m822949548-42.2%-33.3%
Gross profit margin%21.125.515.5
Effective tax rate%8.929.632.3
Net profit margin%15.815.68.5
* 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 24.1% on a year-on-year (YoY) basis. The expenses were up by 32.9% YoY during the same period.
  • The company's operating profit declined by 8.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.5% in 2QFY22 as against 21.1% in 2QFY21.
  • Depreciation charges declined by 2.9% and finance costs increased by 18.3% YoY, respectively.
  • Other income increased by 41.2% YoY during the quarter.
  • Net profit for the quarter declined by 33.3% YoY. Net profit margins during the quarter declined from 15.8% in 2QFY21 to 8.5% in 2QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 21.3% QoQ during the same period.
  • The company's operating profit declined by 35.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.5% in 2QFY22 as against 25.5% in 1QFY21.
  • Net profit for the quarter declined by 42.2% QoQ, while net profit margins declined from 15.6% in 1QFY21 to 8.5% in 2QFY22.

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

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TATA METALIK Share Price Performance

Over the last one year, TATA METALIK share price has moved up from Rs 554.2 to Rs 1,091.5, registering a Gain of Rs 537.4 or around 97.0%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 22,421.6 (up 4.3%). Over the last one year it has moved up from 8,205.4 to 22,421.6, a gain of 14,216 points (up 173.3%).

Overall, the S&P BSE SENSEX is up 52.2% over the year.

Current Valuations

At the current price of Rs 1,091.5, the price to earnings (P/E) ratio of TATA METALIK stands at 11.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.

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