Sheela Foams Sheela Foams reported rise of 22.23% in top line sales for the Sep-20 quarter at Rs607.83cr. While the sales did dip sharply in the Jun-20 quarter due to social distancing, the bounce in the Sep-20 quarter has taken their sales above pre-COVID levels.
The operating profits for the quarter ended Sep-20 was 48.01% higher on a yoy basis at Rs89.04cr. The net profits for the Sep-20 quarter were higher by 18.9% at Rs69.84cr on the back of sharply higher revenues and despite higher tax impact in the quarter.
This had an overall impact on the margins of Sheela Foams. For the Sep-20 quarter, the operating profit margins or OPM was up by 255 bps at 14.65%. Similarly, the net profit margins or NPM actually contracted by 32 bps at 11.49% due to higher tax impact.
Financial highlights for Sep-20 compared yoy and sequentially
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Sheela Foams |
|
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|
|
|
Rs in Crore |
Sep-20 |
Sep-19 |
YOY |
Jun-20 |
QOQ |
|
Revenues |
607.83 |
497.28 |
22.23% |
268.97 |
125.98% |
|
Operating Profit |
89.04 |
60.16 |
48.01% |
10.68 |
733.71% |
|
Net Profits |
69.84 |
58.74 |
18.90% |
11.80 |
491.86% |
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Diluted EPS (Rs) |
14.32 |
12.04 |
|
2.42 |
|
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OPM |
14.65% |
12.10% |
|
3.97% |
|
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Net Margins |
11.49% |
11.81% |
|
4.39% |
|
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