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Stock Report
Stove Kraft Limited Q4FY21 consolidated PAT drops QoQ to Rs. 19.20 crore
Posted On : 2021-05-25 20:59:44( TIMEZONE : IST )
Stove Kraft Limited has reported financial results for the period ended March 31, 2021.
Financial Results (Q4 FY20-21) - QoQ Comparison
The company has reported total income of Rs.236.24 crores during the period ended March 31, 2021 as compared to Rs.294.75 crores during the period ended December 31, 2020.
The company has posted net profit / (loss) of Rs.19.20 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.33.47 crores for the period ended December 31, 2020.
The company has reported EPS of Rs.5.98 for the period ended March 31, 2021 as compared to Rs.11.11 for the period ended December 31, 2020.
| Financials | Q4 FY20-21 | Q3 FY20-21 | % Change |
| Total Income | ₹ 236.24 crs | ₹ 294.75 crs |  -19.85% |
| Net Profit | ₹ 19.20 crs | ₹ 33.47 crs | -42.64% |
| EPS | ₹ 5.98 | ₹ 11.11 | -46.17% |
Financial Results (Q4 FY20-21) - YoY Comparison
The company has reported total income of Rs.236.24 crores during the period ended March 31, 2021 as compared to Rs.154.16 crores during the period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.19.20 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.(10.25) crores for the period ended March 31, 2020.
The company has reported EPS of Rs.5.98 for the period ended March 31, 2021 as compared to Rs.(3.40) for the period ended March 31, 2020.
| Financials | Q4 FY20-21 | Q4 FY19-20 | % Change |
| Total Income | ₹ 236.24 crs | ₹ 154.16 crs |  53.24% |
| Net Profit | ₹ 19.20 crs | ₹ (10.25) crs | 287.32% |
| EPS | ₹ 5.98 | ₹ (3.40) | 275.88% |
Financial Results (Year ended FY 20-21) - YoY Comparison
The company has reported total income of Rs.860.50 crores during the 12 months period ended March 31, 2021 as compared to Rs.672.91 crores during the 12 months period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.81.45 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.3.16 crores for the 12 months period ended March 31, 2020.
The company has reported EPS of Rs.26.33 for the 12 months period ended March 31, 2021 as compared to Rs.1.05 for the 12 months period ended March 31, 2020.
| Financials | Year Ended FY20-21 | Year Ended FY19-20 | % Change |
| Total Income | ₹ 860.50 crs | ₹ 672.91 crs | 27.88% |
| Net Profit | ₹ 81.45 crs | ₹ 3.16 crs | 2477.53% |
| EPS | ₹ 26.33 | ₹1.05 | 2407.62% |
Commenting on the Results, Mr. Rajendra Gandhi, Managing Director said, "FY21 has been an extremely challenging year for all. It has been a year which truly tested the capabilities and competencies of our Company. The year began with a nationwide lockdown due to CoVID-19, but we have witnessed a sharp recovery in the been second half of the year.
Our Company delivered record revenues and profitability in FY21 on back of a strong volume growth of 32%, operational efficiencies, better product mix and cost rationalisation programmes.
Our widespread presence and scale of operations allows us to increasingly focus on branding and promotional activities to enhance our visibility in the cookware and kitchen appliances industry. The digital platform and social media has enabled us to reach and engage with a wider audience and customize product offerings. Going forward, the Company plans to spend 3 - 4% of revenues on branding and marketing.
Our working capital cycle has improved from 37 days in March 2020 to 27 days as of March 2021. During the current financial year, the Company has reduced its Debt by Rs. 276 crores. The Company plans to be a zero debt Company in the near term.
We are witnessing a second wave of CoVID-19 infections, and this has once again resulted in disruption to our business as several states have announced restrictions. We are currently working at ~50% capacities but we expect this to increase once trade restrictions are lifted by state governments.
Our endeavour is to keep adding new and innovative products to our portfolio, enhance our addressable market through strengthening the distribution network across domestic & international markets and be a preferred brand for our customers.
With a constant focus on technology upgradation and increase the level of automation, the Company plans to achieve greater efficiencies and cost reductions resulting in operational efficiencies and higher profit margins on a sustainable basis."
