VINATI ORGANICS Announces Quarterly Results (1QFY22); Net Profit Up 11.9%

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VINATI ORGANICS Announces Quarterly Results (1QFY22); Net Profit Up 11.9%
Tue, 3 Aug

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

VINATI ORGANICS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m2,3162,7983,86438.1%66.8%
Other incomeRs m8666176168.1%104.4%
TurnoverRs m2,4022,8634,04041.1%68.2%
ExpensesRs m1,3441,8062,84957.7%112.0%
Gross profitRs m9729911,0152.4%4.5%
DepreciationRs m1061071102.6%3.4%
InterestRs m010-88.3%-70.5%
Profit before taxRs m9519481,08114.0%13.7%
TaxRs m22824027213.2%19.2%
Profit after taxRs m72370880914.2%11.9%
Gross profit margin%42.035.426.3
Effective tax rate%24.025.325.1
Net profit margin%30.124.720.0
* 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 66.8% on a year-on-year (YoY) basis. The expenses were up by 112.0% YoY during the same period.
  • The company's operating profit increased by 4.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 26.3% in 1QFY22 as against 42.0% in 1QFY21.
  • Depreciation charges increased by 3.4% and finance costs declined by 70.5% YoY, respectively.
  • Other income increased by 104.4% YoY during the quarter.
  • Net profit for the quarter increased by 11.9% YoY. Net profit margins during the quarter declined from 30.1% in 1QFY21 to 20.0% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 38.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 57.7% QoQ during the same period.
  • The company's operating profit increased by 2.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 26.3% in 1QFY22 as against 35.4% in 4QFY21.
  • Net profit for the quarter increased by 14.2% QoQ, while net profit margins declined from 24.7% in 4QFY21 to 20.0% in 1QFY22.

To see how VINATI ORGANICS has performed over the last eight quarters,please visit here.

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VINATI ORGANICS Share Price Performance

Over the last one year, VINATI ORGANICS share price has moved up from Rs 992.4 to Rs 1,974.0, registering a Gain of Rs 981.6 or around 98.9%.

Overall, the S&P BSE SENSEX is up 42.6% over the year.

Current Valuations

At the current price of Rs 1,974.0, the price to earnings (P/E) ratio of VINATI ORGANICS stands at 73.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 13.1 times.

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