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

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VINATI ORGANICS Announces Quarterly Results (3QFY21); Net Profit Down 4.0%
Wed, 3 Feb

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

VINATI ORGANICS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m2,3852,1942,2351.8%-6.3%
Other incomeRs m1541493562.9%-39.7%
TurnoverRs m2,5392,2082,3285.4%-8.3%
ExpensesRs m1,5551,3531,51411.9%-2.6%
Gross profitRs m830841721-14.3%-13.1%
DepreciationRs m931081080.1%16.0%
InterestRs m300-79.2%-96.0%
Profit before taxRs m889747706-5.5%-20.5%
TaxRs m22012765-49.0%-70.7%
Profit after taxRs m6686206413.4%-4.0%
Gross profit margin%34.838.332.3
Effective tax rate%24.817.09.2
Net profit margin%26.328.127.6
* 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 6.3% on a year-on-year (YoY) basis. The expenses were down by 2.6% YoY during the same period.
  • The company's operating profit declined by 13.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 32.3% in 3QFY21 as against 34.8% in 3QFY20.
  • Depreciation charges increased by 16.0% and finance costs declined by 96.0% YoY, respectively.
  • Other income declined by 39.7% YoY during the quarter.
  • Net profit for the quarter declined by 4.0% YoY. Net profit margins during the quarter increased from 26.3% in 3QFY20 to 27.6% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.9% QoQ during the same period.
  • The company's operating profit declined by 14.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 32.3% in 3QFY21 as against 38.3% in 2QFY20.
  • Net profit for the quarter increased by 3.4% QoQ, while net profit margins declined from 28.1% in 2QFY20 to 27.6% in 3QFY21.

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 976.4 to Rs 1,206.9, registering a Gain of Rs 230.5 or around 23.6%.

Overall, the S&P BSE SENSEX is up 26.5% over the year.

Current Valuations

At the current price of Rs 1,206.9, the price to earnings (P/E) ratio of VINATI ORGANICS stands at 45.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.7 times.

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Oct 19, 2021 11:14 AM

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