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Stock Report
Parag Milk Foods Ltd Q4FY21 consolidated loss at Rs. 9.64 crore
Posted On : 2021-06-12 17:13:45( TIMEZONE : IST )
Parag Milk Foods Ltd 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.441.16 crores during the period ended March 31, 2021 as compared to Rs.476.57 crores during the period ended December 31, 2020.
The company has posted net profit / (loss) of Rs.(9.64) crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.11.21 crores for the period ended December 31, 2020.
The company has reported EPS of Rs.(1.15) for the period ended March 31, 2021 as compared to Rs.1.33 for the period ended December 31, 2020.
| Financials | Q4 FY20-21 | Q3 FY20-21 | % Change |
| Total Income | ₹ 441.16 crs | ₹ 476.57 crs |  -7.43% |
| Net Profit | ₹ (9.64) crs | ₹ 11.21 crs | -185.99% |
| EPS | ₹ (1.15) | ₹ 1.33 | -186.47% |
Financial Results (Q4 FY20-21) - YoY Comparison
The company has reported total income of Rs.441.16 crores during the period ended March 31, 2021 as compared to Rs.536.17 crores during the period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.(9.64) crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.10.10 crores for the period ended March 31, 2020.
The company has reported EPS of Rs.(1.15) for the period ended March 31, 2021 as compared to Rs.1.24 for the period ended March 31, 2020.
| Financials | Q4 FY20-21 | Q4 FY19-20 | % Change |
| Total Income | ₹ 441.16 crs | ₹ 536.17 crs | -17.72% |
| Net Profit | ₹ (9.64) crs | ₹ 10.10 crs | -195.45% |
| EPS | ₹ (1.15) | ₹ 1.24 | -192.74% |
Financial Results (Year ended FY 20-21) - YoY Comparison
The company has reported total income of Rs.1855.27 crores during the 12 months period ended March 31, 2021 as compared to Rs.2445.52 crores during the 12 months period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.20.70 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.93.68 crores for the 12 months period ended March 31, 2020.
The company has reported EPS of Rs.2.46 for the 12 months period ended March 31, 2021 as compared to Rs.11.14 for the 12 months period ended March 31, 2020.
| Financials | Year Ended FY20-21 | Year Ended FY19-20 | % Change |
| Total Income | ₹ 1855.27 crs | ₹ 2445.52 crs | -24.14% |
| Net Profit | ₹ 20.70 crs | ₹ 93.68 crs | -77.9% |
| EPS | ₹ 2.46 | ₹11.14 | -77.92% |
Commenting on the performance, Mr. Devendra Shah, Chairman said "FY21 has been a very challenging year for us. CoVID-19 has impacted the entire economy and we are fortunate to be in branded value-added food business, being impacted to much lesser extent. Our distribution was impacted as we faced restrictions in movement of stock as well as availability of manpower and closure of outlets due to lockdowns.
However, we believe that our performance in such extra-ordinary circumstances has been quite good. First of all, we took good care of our farmers, who are the main pillars of this business and ensured much higher milk collection from them during these difficult times when there was lesser demand. We had to convert all that excess milk into inventory of various products to be liquidated at later stage, but this solidarity with farmers have boosted their confidence further in the Company and would go a long way in forging lasting relationships. We also took good care of not only our own employees but society at large by engaging in various CSR activitiesto support the pandemic effected people.
We have also continued on our cost rationalisation efforts to minimise the impact on profitability in these difficult times. We have been proactive in adapting our distribution as well as supply chain in this situation as also introduction of new products and brand building efforts.
In the month of April 2021, our Company raised funds through preferential allotment of equity shares, FCCBs and other Instruments. This will help reduce the overall debt burden. The funds will also be utilized for meeting our capex requirements over the next 2 years and would free up our cash flows during that period. Additionally, the proceeds would be utilised to enhance working capital for future growth. This would provide enough firepower to bolster the balance sheet and propelthe company for future growth.
We believe that COVID-19 will bring up new opportunities across dairy and FMCG sectors and our Company being a well-established player in the value-added segments with a pan - India distribution reach is well placed to capture these opportunities and increase our market share.
We have been committed to our long-term goal of providing the highest level of consumer satisfaction with our host of well-established brands and we are confident of achieving robust operational and financial performance with full-fledged revival in demand across product categories."
Shares of Parag Milk Foods Ltd was last trading in BSE at Rs.146.5 as compared to the previous close of Rs. 141.85. The total number of shares traded during the day was 144541 in over 2771 trades.
The stock hit an intraday high of Rs. 147.85 and intraday low of 143.15. The net turnover during the day was Rs. 21017364.
