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Tribhovandas Bhimji Zaveri Ltd posts Q4FY21 consolidated PAT of Rs. 9.36 crore

Posted On: 2021-05-03 11:50:00 (Time Zone: UTC)


TRIBHOVANDAS BHIMJI ZAVERI 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.369.46 crores during the period ended March 31, 2021 as compared to Rs.625.40 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.9.36 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.40.04 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.1.40 for the period ended March 31, 2021 as compared to Rs.6 for the period ended December 31, 2020.

FinancialsQ4 FY20-21Q3 FY20-21% Change
Total Income₹ 369.46 crs₹ 625.40 crsDown Tick -40.92%
Net Profit₹ 9.36 crs₹ 40.04 crsDown Tick -76.62%
EPS₹ 1.40₹ 6Down Tick -76.67%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.369.46 crores during the period ended March 31, 2021 as compared to Rs.343.57 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.9.36 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.2.83 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.1.40 for the period ended March 31, 2021 as compared to Rs.0.42 for the period ended March 31, 2020.

FinancialsQ4 FY20-21Q4 FY19-20% Change
Total Income₹ 369.46 crs₹ 343.57 crsUp Tick 7.54%
Net Profit₹ 9.36 crs₹ 2.83 crsUp Tick 230.74%
EPS₹ 1.40₹ 0.42Up Tick 233.33%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1354.31 crores during the 12 months period ended March 31, 2021 as compared to Rs.1814.09 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.43.26 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.21.41 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.6.48 for the 12 months period ended March 31, 2021 as compared to Rs.3.21 for the 12 months period ended March 31, 2020.

FinancialsYear Ended FY20-21Year Ended FY19-20% Change
Total Income₹ 1354.31 crs₹ 1814.09 crsDown Tick -25.34%
Net Profit₹ 43.26 crs₹ 21.41 crsUp Tick 102.06%
EPS₹ 6.48₹3.21Up Tick 101.87%

Mr Shrikant Zaveri, Chairman and Managing Director of the Company, stated: "All of us have been witness to and experienced unprecedented difficult times for more than a year now due to the Covid crisis and that has demanded of us at TBZ to be constantly dynamic and decisive on a real time basis - from prioritizing the health and safety of our employees & customers and strategizing to ensure that the Company remains strong & resilient in terms of having sufficient liquidity, stability, profitability and balance sheet strength that shall enable create the right environment to ensure sustainability and to support growth opportunities on a longer term basis.

During the quarter, our overall performance has been encouraging. We have emerged stronger during these tough times by improving our balance sheet. Our focus during the quarter and the FY was to effectively rationalize our inventory levels, improve our cash flows, reduce borrowings & debt cost and use our cash reserves judiciously. We have been able to achieve all these to a satisfactory level. Our effective inventory management strategies have enabled us to reduce overall borrowings by 36% YaY and debt cost by 15% YaY (45% QoQ). During this quarter too, our profitability has improved inspite of margins being impacted to an extent due to gold price dynamics.

Our constant focus on transformational cost reduction has resulted in achieving marketing efficiencies, optimizing our store footprint, and significantly reducing discretionary spending. We believe this approach will position us to reap the benefits of an improved cost structure over time. Furthermore, we introduced various marketing initiatives to stimulate customer demand. New customer watk-ins increased in Q4 with strategic initiatives in January such as special promotions, strategic OOH, Riwayat Bridal, and continued to gain traction in February and March with pre-harvest festivals across communities.

Amidst these very challenging times, we shall continue to strive towards ensuring that our Balance Sheet remains strong and our retail sales strategy remains firmly focused on higher stores footfalls as well as greater online customer engagements to enhance revenues & generate healthy profits as also keep a keen eye on growth opportunities as the year progresses."

Shares of TRIBHOVANDAS BHIMJI ZAVERI LTD. was last trading in BSE at Rs.64.35 as compared to the previous close of Rs. 62.7. The total number of shares traded during the day was 7969 in over 338 trades.

The stock hit an intraday high of Rs. 65.9 and intraday low of 62.65. The net turnover during the day was Rs. 508069.


Source: Equity Bulls

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