VINATI ORGANICS Announces Quarterly Results (1QFY21); Net Profit Down 12.2%
Mon, 24 Aug

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

VINATI ORGANICS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m2,9072,4532,316-5.6%-20.4%
Other incomeRs m11416286-47.0%-24.7%
TurnoverRs m3,0222,6162,402-8.2%-20.5%
ExpensesRs m1,7061,4371,344-6.5%-21.2%
Gross profitRs m1,2021,017972-4.4%-19.1%
DepreciationRs m70971069.7%52.5%
InterestRs m330-83.0%-85.6%
Profit before taxRs m1,2431,079951-11.9%-23.5%
TaxRs m420333228-31.5%-45.7%
Profit after taxRs m824746723-3.1%-12.2%
Gross profit margin%41.341.442.0
Effective tax rate%33.730.824.0
Net profit margin%27.328.530.1
* 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 20.4% on a year-on-year (YoY) basis. The expenses were down by 21.2% YoY during the same period.
  • The company's operating profit declined by 19.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 42.0% in 1QFY21 as against 41.3% in 1QFY20.
  • Depreciation charges increased by 52.5% and finance costs declined by 85.6% YoY, respectively.
  • Other income declined by 24.7% YoY during the quarter.
  • Net profit for the quarter declined by 12.2% YoY. Net profit margins during the quarter increased from 27.3% in 1QFY20 to 30.1% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.5% QoQ during the same period.
  • The company's operating profit declined by 4.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 42.0% in 1QFY21 as against 41.4% in 4QFY20.
  • Net profit for the quarter declined by 3.1% QoQ, while net profit margins increased from 28.5% in 4QFY20 to 30.1% in 1QFY21.

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

Watch Full Replay: Rahul Shah's Lazy Millionaire Summit

VINATI ORGANICS Share Price Performance

Over the last one year,VINATI ORGANICS share price has moved up from Rs 1,028.6 to Rs 1,180.9, registering a Gain of Rs 152.3 or around 14.8%.

Overall, the S&P BSE SENSEX is up 4.7% over the year.

Current Valuations

At the current price of Rs 1,180.9, the price to earnings (P/E) ratio of VINATI ORGANICS stands at 37.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.5 times.