GSFC Ltd Q4 net profit up 142.26% yoy at Rs149.84cr on the back of inventory efficiency gains

GSFC Ltd reported -6.57% yoy lower consolidated revenues for the Mar-21 quarter at Rs1,740.41cr

May 28, 2021 12:05 IST India Infoline News Service

GSFC Ltd reported -6.57% yoy lower consolidated revenues for the Mar-21 quarter at Rs1,740.41cr. On a sequential basis, the total sales revenues were down by a sharper -18.91% compared to total revenues in the Dec-20 quarter at Rs2,146.14cr.

Full year revenues for FY21 stood -2.1% lower yoy at Rs7,634cr, due to pricing related issues. The fertilizer revenues on a yoy basis fell sharply by 22% due to price impact of mix.

Net profits in the Mar-21 quarter was up 142.26% yoy at Rs149.84cr. Despite cost of material inputs being higher, GSFC more than made up for it by inventory efficiency gains which reduced the funds locked up in the working capital cycle. Net profits were up sequentially by 54.08%.

Net margins at 8.61% for Mar-21 quarter were sharply higher than 3.32% in the Mar-20 quarter. NPM was higher by 408 bps compared to Dec-20 quarter.


Financial highlights for Mar-21 compared yoy and sequentially


GSFC Ltd
Rs in Crore Mar-21 Mar-20 YOY Dec-20 QOQ
Total Income (Rs cr) ₹ 1,740.41 ₹ 1,862.86 -6.57% ₹ 2,146.14 -18.91%
Net Profit (Rs cr) ₹ 149.84 ₹ 61.85 142.26% ₹ 97.25 54.08%
Diluted EPS (Rs) ₹ 3.76 ₹ 1.55 ₹ 2.45
Net Margins 8.61% 3.32% 4.53%

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