BODAL CHEMICALS Announces Quarterly Results (3QFY21); Net Profit Up 111.4%

Thu, 11 Feb

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

BODAL CHEMICALS Quarterly Financials

No. of Mths Qtr. Ending		3 Dec-19*	3 Sep-20*	3 Dec-20*	QoQ Change	YoY Change
Net Sales	Rs m	3,264	3,097	3,661	18.2%	12.2%
Other income	Rs m	48	46	70	53.2%	45.5%
Turnover	Rs m	3,312	3,143	3,732	18.7%	12.7%
Expenses	Rs m	3,033	2,870	3,275	14.1%	8.0%
Gross profit	Rs m	230	227	386	69.8%	67.8%
Depreciation	Rs m	70	76	76	-1.0%	7.4%
Interest	Rs m	68	35	35	-1.4%	-48.9%
Profit before tax	Rs m	140	162	346	114.1%	146.9%
Tax	Rs m	12	51	74	45.1%	537.9%
Profit after tax	Rs m	129	110	272	146.2%	111.4%
Gross profit margin	%	7.1	7.3	10.5
Effective tax rate	%	8.3	31.7	21.5
Net profit margin	%	3.9	3.5	7.3

Year-on-Year Performance:

• The company's operating income during the quarter grew 12.2% on a year-on-year (YoY) basis. The expenses were up by 8.0% YoY during the same period.
• The company's operating profit increased by 67.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.5% in 3QFY21 as against 7.1% in 3QFY20.
• Depreciation charges increased by 7.4% and finance costs declined by 48.9% YoY, respectively.
• Other income increased by 45.5% YoY during the quarter.
• Net profit for the quarter increased by 111.4% YoY. Net profit margins during the quarter increased from 3.9% in 3QFY20 to 7.3% in 3QFY21.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter grew 18.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 14.1% QoQ during the same period.
• The company's operating profit increased by 69.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.5% in 3QFY21 as against 7.3% in 2QFY20.
• Net profit for the quarter increased by 146.2% QoQ, while net profit margins increased from 3.5% in 2QFY20 to 7.3% in 3QFY21.

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

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BODAL CHEMICALS Share Price Performance

Over the last one year, BODAL CHEMICALS share price has moved down from Rs 81.3 to Rs 71.7, registering a Loss of Rs 9.6 or around 11.8%.

Overall, the S&P BSE SENSEX is up 25.8% over the year.

Current Valuations

At the current price of Rs 71.7, the price to earnings (P/E) ratio of BODAL CHEMICALS stands at 19.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.