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VINATI ORGANICS
VINATI ORGANICS Announces Quarterly Results (2QFY21); Net Profit Down 43.6%

VINATI ORGANICS Announces Quarterly Results (2QFY21); Net Profit Down 43.6%
Fri, 6 Nov

VINATI ORGANICS has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

VINATI ORGANICS Quarterly Financials

No. of Mths Qtr. Ending		3 Sep-19*	3 Jun-20*	3 Sep-20*	QoQ Change	YoY Change
Net Sales	Rs m	2,451	2,316	2,194	-5.2%	-10.5%
Other income	Rs m	112	86	14	-83.7%	-87.5%
Turnover	Rs m	2,563	2,402	2,208	-8.0%	-13.8%
Expenses	Rs m	1,452	1,344	1,353	0.7%	-6.8%
Gross profit	Rs m	999	972	841	-13.4%	-15.8%
Depreciation	Rs m	72	106	108	1.1%	49.7%
Interest	Rs m	3	0	0	9.1%	-82.7%
Profit before tax	Rs m	1,036	951	747	-21.4%	-27.9%
Tax	Rs m	-64	228	127	-44.4%
Profit after tax	Rs m	1,100	723	620	-14.2%	-43.6%
Gross profit margin	%	40.7	42.0	38.3
Effective tax rate	%	-6.2	24.0	17.0
Net profit margin	%	42.9	30.1	28.1

* 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 10.5% on a year-on-year (YoY) basis. The expenses were down by 6.8% YoY during the same period.
The company's operating profit declined by 15.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 38.3% in 2QFY21 as against 40.7% in 2QFY20.
Depreciation charges increased by 49.7% and finance costs declined by 82.7% YoY, respectively.
Other income declined by 87.5% YoY during the quarter.
Net profit for the quarter declined by 43.6% YoY. Net profit margins during the quarter declined from 42.9% in 2QFY20 to 28.1% in 2QFY21.

Quarter-on-Quarter Performance:

The company's operating income during the quarter fell 5.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.7% QoQ during the same period.
The company's operating profit declined by 13.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 38.3% in 2QFY21 as against 42.0% in 1QFY20.
Net profit for the quarter declined by 14.2% QoQ, while net profit margins declined from 30.1% in 1QFY20 to 28.1% in 2QFY21.

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

Get Details: First Stock to Potentially Accumulate Rs 7 Crore Long-term Wealth

VINATI ORGANICS Share Price Performance

Over the last one year, VINATI ORGANICS share price has moved up from Rs 1,045.9 to Rs 1,153.0, registering a Gain of Rs 107.1 or around 10.2%.

Overall, the S&P BSE SENSEX is up 3.6% over the year.

Current Valuations

At the current price of Rs 1,153.0, the price to earnings (P/E) ratio of VINATI ORGANICS stands at 43.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.3 times.

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VINATI ORGANICS Announces Quarterly Results (1QFY21); Net Profit Down 12.2% (Quarterly Result Update)

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VINATI ORGANICS SHARE PRICE

BSE: 1,404.75 -1.09% NSE: 1,402.40 -1.20%
Feb 26, 2021 03:14 PM

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LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

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VINATI ORGANICS Announces Quarterly Results (2QFY21); Net Profit Down 43.6% Fri, 6 Nov