GODFREY PHILLIPS Announces Quarterly Results (1QFY22); Net Profit Up 102.2%

Mon, 16 Aug

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

GODFREY PHILLIPS Quarterly Financials

No. of Mths Qtr. Ending		3 Jun-20*	3 Mar-21*	3 Jun-21*	QoQ Change	YoY Change
Net Sales	Rs m	4,626	8,358	7,355	-12.0%	59.0%
Other income	Rs m	410	177	277	57.2%	-32.4%
Turnover	Rs m	5,036	8,535	7,632	-10.6%	51.6%
Expenses	Rs m	3,994	6,791	5,885	-13.3%	47.3%
Gross profit	Rs m	632	1,568	1,470	-6.2%	132.6%
Depreciation	Rs m	342	391	350	-10.5%	2.4%
Interest	Rs m	73	94	74	-21.2%	1.8%
Profit before tax	Rs m	628	1,259	1,323	5.1%	110.9%
Tax	Rs m	72	306	199	-34.9%	178.0%
Profit after tax	Rs m	556	952	1,124	18.0%	102.2%
Gross profit margin	%	13.7	18.8	20.0
Effective tax rate	%	11.4	24.3	15.1
Net profit margin	%	11.0	11.2	14.7

Year-on-Year Performance:

• The company's operating income during the quarter grew 59.0% on a year-on-year (YoY) basis. The expenses were up by 47.3% YoY during the same period.
• The company's operating profit increased by 132.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.0% in 1QFY22 as against 13.7% in 1QFY21.
• Depreciation charges increased by 2.4% and finance costs increased by 1.8% YoY, respectively.
• Other income declined by 32.4% YoY during the quarter.
• Net profit for the quarter increased by 102.2% YoY. Net profit margins during the quarter increased from 11.0% in 1QFY21 to 14.7% in 1QFY22.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter fell 12.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 13.3% QoQ during the same period.
• The company's operating profit declined by 6.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.0% in 1QFY22 as against 18.8% in 4QFY21.
• Net profit for the quarter increased by 18.0% QoQ, while net profit margins increased from 11.2% in 4QFY21 to 14.7% in 1QFY22.

To see how GODFREY PHILLIPS has performed over the last eight quarters,please visit here.

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GODFREY PHILLIPS Share Price Performance

Over the last one year, GODFREY PHILLIPS share price has moved up from Rs 938.0 to Rs 1,046.1, registering a Gain of Rs 108.1 or around 11.5%.

Overall, the S&P BSE SENSEX is up 44.9% over the year.

Current Valuations

At the current price of Rs 1,046.1, the price to earnings (P/E) ratio of GODFREY PHILLIPS stands at 12.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.