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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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 ChangeYoY Change
Net SalesRs m2,4512,3162,194-5.2%-10.5%
Other incomeRs m1128614-83.7%-87.5%
TurnoverRs m2,5632,4022,208-8.0%-13.8%
ExpensesRs m1,4521,3441,3530.7%-6.8%
Gross profitRs m999972841-13.4%-15.8%
DepreciationRs m721061081.1%49.7%
InterestRs m3009.1%-82.7%
Profit before taxRs m1,036951747-21.4%-27.9%
TaxRs m-64228127-44.4%
Profit after taxRs m1,100723620-14.2%-43.6%
Gross profit margin%40.742.038.3
Effective tax rate%-6.224.017.0
Net profit margin%42.930.128.1
* 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.

Equitymaster requests your view! Post a comment on "VINATI ORGANICS Announces Quarterly Results (2QFY21); Net Profit Down 43.6%". Click here!

  

Related Views on News

VINATI ORGANICS Announces Quarterly Results (3QFY21); Net Profit Down 4.0% (Quarterly Result Update)

Feb 3, 2021 | Updated on Feb 3, 2021

For the quarter ended December 2020, VINATI ORGANICS has posted a net profit of Rs 641 m (down 4.0% YoY). Sales on the other hand came in at Rs 2 bn (down 6.3% YoY). Read on for a complete analysis of VINATI ORGANICS's quarterly results.

VINATI ORGANICS 2019-20 Annual Report Analysis (Annual Result Update)

Dec 14, 2020 | Updated on Dec 14, 2020

Here's an analysis of the annual report of VINATI ORGANICS for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of VINATI ORGANICS. Also includes updates on the valuation of VINATI ORGANICS.

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

Aug 24, 2020 | Updated on Aug 24, 2020

For the quarter ended June 2020, VINATI ORGANICS has posted a net profit of Rs 723 m (down 12.2% YoY). Sales on the other hand came in at Rs 2 bn (down 20.4% YoY). Read on for a complete analysis of VINATI ORGANICS's quarterly results.

More Views on News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Intraday Trading for a Living(Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

VINATI ORGANICS SHARE PRICE


Feb 26, 2021 03:14 PM

TRACK VINATI ORGANICS

  • Track your investment in VINATI ORGANICS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON VINATI ORGANICS

VINATI ORGANICS 8-QTR ANALYSIS

COMPARE VINATI ORGANICS WITH

MARKET STATS