TUBE INVESTMENTS OF INDIA Announces Quarterly Results (1QFY22); Net Profit Up 306.6%

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TUBE INVESTMENTS OF INDIA Announces Quarterly Results (1QFY22); Net Profit Up 306.6%
Mon, 16 Aug

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

TUBE INVESTMENTS OF INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m4,56827,32824,375-10.8%433.6%
Other incomeRs m77814254-68.8%230.4%
TurnoverRs m4,64528,14224,629-12.5%430.2%
ExpensesRs m4,90824,69421,570-12.7%339.5%
Gross profitRs m-4232,4062,80516.6%
DepreciationRs m4459419672.8%117.2%
InterestRs m6014224472.5%307.8%
Profit before taxRs m-8512,1371,848-13.5%
TaxRs m-197533497-6.7%
Profit after taxRs m-6541,6041,351-15.8%
Gross profit margin%-9.38.811.5
Effective tax rate%23.224.926.9
Net profit margin%-14.15.75.5
* 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 433.6% on a year-on-year (YoY) basis. The expenses were up by 339.5% YoY during the same period.
  • The company's operating profit declined by 763.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.5% in 1QFY22 as against 9.3% in 1QFY21.
  • Depreciation charges increased by 117.2% and finance costs increased by 307.8% YoY, respectively.
  • Other income increased by 230.4% YoY during the quarter.
  • Net profit for the quarter increased by 306.6% YoY. Net profit margins during the quarter increased from -14.1% in 1QFY21 to 5.5% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.7% QoQ during the same period.
  • The company's operating profit increased by 16.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.5% in 1QFY22 as against 8.8% in 4QFY21.
  • Net profit for the quarter declined by 15.8% QoQ, while net profit margins declined from 5.7% in 4QFY21 to 5.5% in 1QFY22.

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

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TUBE INVESTMENTS OF INDIA Share Price Performance

Over the last one year, TUBE INVESTMENTS OF INDIA share price has moved up from Rs 590.0 to Rs 1,260.0, registering a Gain of Rs 670.0 or around 113.6%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 24,153.2 (down 0.7%). Over the last one year it has moved up from 13,777.8 to 24,153.2, a gain of 10,375 points (up 75.3%).

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

Current Valuations

At the current price of Rs 1,260.0, the price to earnings (P/E) ratio of TUBE INVESTMENTS OF INDIA stands at 48.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.2 times.

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