RALLIS Announces Quarterly Results (1QFY22); Net Profit Down 10.4%
Thu, 22 Jul

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

RALLIS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m6,6274,7137,40557.1%11.7%
Other incomeRs m1188070-12.7%-40.5%
TurnoverRs m6,7454,7937,47556.0%10.8%
ExpensesRs m5,3444,5356,19036.5%15.8%
Gross profitRs m1,2831941,215526.4%-5.3%
DepreciationRs m17914818524.9%3.2%
InterestRs m20119-11.4%-52.8%
Profit before taxRs m1,2021161,091843.7%-9.2%
TaxRs m28334268677.6%-5.4%
Profit after taxRs m91981823914.0%-10.4%
Gross profit margin%19.44.116.4
Effective tax rate%23.529.824.5
Net profit margin%13.61.711.0
* 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 11.7% on a year-on-year (YoY) basis. The expenses were up by 15.8% YoY during the same period.
  • The company's operating profit declined by 5.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.4% in 1QFY22 as against 19.4% in 1QFY21.
  • Depreciation charges increased by 3.2% and finance costs declined by 52.8% YoY, respectively.
  • Other income declined by 40.5% YoY during the quarter.
  • Net profit for the quarter declined by 10.4% YoY. Net profit margins during the quarter declined from 13.6% in 1QFY21 to 11.0% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 57.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 36.5% QoQ during the same period.
  • The company's operating profit increased by 526.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.4% in 1QFY22 as against 4.1% in 4QFY21.
  • Net profit for the quarter increased by 914.0% QoQ, while net profit margins increased from 1.7% in 4QFY21 to 11.0% in 1QFY22.

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

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RALLIS Share Price Performance

Over the last one year, RALLIS share price has moved up from Rs 306.0 to Rs 325.1, registering a Gain of Rs 19.1 or around 6.2%.

Overall, the S&P BSE SENSEX is up 41.2% over the year.

Current Valuations

At the current price of Rs 325.1, the price to earnings (P/E) ratio of RALLIS stands at 28.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.0 times.