GUJARAT ALKALIES Announces Quarterly Results (1QFY22); Net Profit Up 98.4%

Wed, 11 Aug

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

GUJARAT ALKALIES Quarterly Financials

No. of Mths Qtr. Ending		3 Jun-20*	3 Mar-21*	3 Jun-21*	QoQ Change	YoY Change
Net Sales	Rs m	4,696	6,714	7,164	6.7%	52.6%
Other income	Rs m	130	89	153	71.7%	17.4%
Turnover	Rs m	4,826	6,803	7,317	7.6%	51.6%
Expenses	Rs m	3,912	5,749	5,895	2.5%	50.7%
Gross profit	Rs m	785	965	1,270	31.6%	61.8%
Depreciation	Rs m	423	442	468	5.9%	10.7%
Interest	Rs m	31	87	23	-74.0%	-27.3%
Profit before tax	Rs m	460	525	931	77.4%	102.4%
Tax	Rs m	140	175	296	69.0%	111.4%
Profit after tax	Rs m	320	350	635	81.6%	98.4%
Gross profit margin	%	16.7	14.4	17.7
Effective tax rate	%	30.4	33.4	31.8
Net profit margin	%	6.6	5.1	8.7

Year-on-Year Performance:

• The company's operating income during the quarter grew 52.6% on a year-on-year (YoY) basis. The expenses were up by 50.7% YoY during the same period.
• The company's operating profit increased by 61.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.7% in 1QFY22 as against 16.7% in 1QFY21.
• Depreciation charges increased by 10.7% and finance costs declined by 27.3% YoY, respectively.
• Other income increased by 17.4% YoY during the quarter.
• Net profit for the quarter increased by 98.4% YoY. Net profit margins during the quarter increased from 6.6% in 1QFY21 to 8.7% in 1QFY22.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter grew 6.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.5% QoQ during the same period.
• The company's operating profit increased by 31.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.7% in 1QFY22 as against 14.4% in 4QFY21.
• Net profit for the quarter increased by 81.6% QoQ, while net profit margins increased from 5.1% in 4QFY21 to 8.7% in 1QFY22.

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

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GUJARAT ALKALIES Share Price Performance

Over the last one year, GUJARAT ALKALIES share price has moved up from Rs 336.6 to Rs 490.3, registering a Gain of Rs 153.7 or around 45.7%.

Overall, the S&P BSE SENSEX is up 42.6% over the year.

Current Valuations

At the current price of Rs 490.3, the price to earnings (P/E) ratio of GUJARAT ALKALIES stands at 18.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.