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Bhansali Engineering Polymers Ltd Q1FY22 consolidated PAT drops QoQ to Rs. 77.38 crores



Posted On : 2021-07-11 14:29:48( TIMEZONE : IST )

Bhansali Engineering Polymers Ltd Q1FY22 consolidated PAT drops QoQ to Rs. 77.38 crores

BHANSALI ENGINEERING POLYMERS LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.236.79 crores during the period ended June 30, 2021 as compared to Rs.475.48 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.77.38 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.163.48 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.4.66 for the period ended June 30, 2021 as compared to Rs.9.85 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 236.79 crs₹ 475.48 crsDown Tick -50.2%
Net Profit₹ 77.38 crs₹ 163.48 crsDown Tick -52.67%
EPS₹ 4.66₹ 9.85Down Tick -52.69%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.236.79 crores during the period ended June 30, 2021 as compared to Rs.104.13 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.77.38 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(1.38) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.4.66 for the period ended June 30, 2021 as compared to Rs.(0.08) for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 236.79 crs₹ 104.13 crsUp Tick 127.4%
Net Profit₹ 77.38 crs₹ (1.38) crsUp Tick 5707.25%
EPS₹ 4.66₹ (0.08)Up Tick 5925%

Demand for the Company's products in the domestic market during the quarter ended June 21 was sluggish due to lockdown imposed by various States in view of the second wave of the COVID-19 Pandemic. The production during the quarter continued at normal capacity levels, however, the dispatches were to the tune of 50% of the production levels, resulting into building up of additional Inventories. The Company anticipates bounceback in products demand on restoration of normalcy due to aggressive vaccination programme along with other initiatives undertaken by the government. The Company will endeavour to achieve maximum capacity utilisation levels for the year.

During the quarter ended June 21, while the entire country was reeling under the severe impact of the second wave of Covid-19 pandemic, the company undertook exemplary relief measures for the society at large, establishing two Covid Care Centres at South Mumbai & Bhayander (Thane District) in Maharashtra and two Covid Care Centres at Sirohi and Jalore Districts in Rajasthan, setting up three Oxygen Plants at Sirohi District & three Oxygen Plants at Jalore District through Rajasthan CM Relief Fund & one Oxygen Plant through District Magistrate at Chhindwara (M.P.), free vaccination for 5000+ people in Mumbai, etc. at an aggregate outlay of approx. Rs. 9.21 Crores.

Shares of BHANSALI ENGINEERING POLYMERS LTD. was last trading in BSE at Rs.188.35 as compared to the previous close of Rs. 189.05. The total number of shares traded during the day was 304927 in over 4113 trades.

The stock hit an intraday high of Rs. 194.4 and intraday low of 186.6. The net turnover during the day was Rs. 57997133.

Source : Equity Bulls

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