GSFC reported fall of 12.29% in top line sales for the Sep-20 quarter at Rs2,110.93cr. The sales dipped briefly in the Jun-20 quarter but that has recovered on the back of robust Kharif demand in the latest quarter.
The operating profits for the quarter ended Sep-20 was more than 3-fold higher on a yoy basis at Rs163.29cr due sharp reduction in other expenses in the income statement. The net profits for the Sep-20 quarter were higher by 177% at Rs172.75cr.
This had an overall impact on the margins of GSFC. For the Sep-20 quarter, the operating profit margins or OPM was up more than 3-fold at 7.74%. Similarly, the net profit margins or NPM also expanded over 3-fold at 8.18% due to a much lower base of sales this quarter.
Financial highlights for Sep-20 compared yoy and sequentially
|
|
GSFC |
|
|
|
|
|
Rs in Crore |
Sep-20 |
Sep-19 |
YOY |
Jun-20 |
QOQ |
|
Revenues |
2,110.93 |
2,406.66 |
-12.29% |
1,636.58 |
28.98% |
|
Operating Profit |
163.29 |
47.09 |
246.76% |
46.37 |
252.15% |
|
Net Profits |
172.75 |
62.27 |
177.42% |
30.27 |
470.70% |
|
|
|
|
|
|
|
|
Diluted EPS (Rs) |
4.33 |
1.56 |
|
0.76 |
|
|
OPM |
7.74% |
1.96% |
|
2.83% |
|
|
Net Margins |
8.18% |
2.59% |
|
1.85% |
|
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