Hindustan Foods Ltd posts consolidated PAT of Rs. 10.78 crore in Q4FY21

HINDUSTAN 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.483.23 crores during the period ended March 31, 2021 as compared to Rs.384.29 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.10.78 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.11.80 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.5.09 for the period ended March 31, 2021 as compared to Rs.5.57 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 483.23 crs	₹ 384.29 crs	25.75%
Net Profit	₹ 10.78 crs	₹ 11.80 crs	-8.64%
EPS	₹ 5.09	₹ 5.57	-8.62%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.483.23 crores during the period ended March 31, 2021 as compared to Rs.248.33 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.10.78 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.7 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.5.09 for the period ended March 31, 2021 as compared to Rs.3.38 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 483.23 crs	₹ 248.33 crs	94.59%
Net Profit	₹ 10.78 crs	₹ 7 crs	54%
EPS	₹ 5.09	₹ 3.38	50.59%

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

The company has reported total income of Rs.1389 crores during the 12 months period ended March 31, 2021 as compared to Rs.773.10 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.34.39 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.21.91 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.16.23 for the 12 months period ended March 31, 2021 as compared to Rs.11.53 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 1389 crs	₹ 773.10 crs	79.67%
Net Profit	₹ 34.39 crs	₹ 21.91 crs	56.96%
EPS	₹ 16.23	₹11.53	40.76%

Commenting on the results, Mr Sameer R. Kothari, Managing Director said, "This financial year started on a tumultuous note with shutdowns and lockdowns at most of our factories in the first quarter of FY21. It is a testament to strength of the business model and more importantly to the commitment of the team that this year ended up being the best year in the history of the company so far. While this performance was in no small measure led by sustainability of buoyant demand of the products manufactured by the company across the segments, I would give credit to all our team members who have worked relentlessly during the year to execute and meet our customer requirements in the face of various hardships.

And just when we were beginning to rest on our laurels, the second wave of CoViD 19 which started in last month posed new challenges. Though this time, the operations were not hit as much as last year, the loss of life and personal suffering was much more.

We, at HFL, have decided to view this year as the mythological, Kairos time and will continue to aggressively leverage the opportunities that the market presents us. We are confident of meeting the earlier guidance of achieving our goal of Rs. 2,000 crores of turnover by FY22 and will continue to strive hard and invest prudently to keep up this pace of growth."

Commenting on the Financial Performance, Mr. Mayank Samdani, Group CFO said, "Despite the covid‐19 related disruptions at the beginning of the year and towards the close of the year, for the financial year 2021, we have reported a near doubling of revenues and a very healthy increase in the PAT. What pleases me more, however, is that this business performance was well supported by strong operating cashflows of more than Rs. 70 Crores in financial year 2021, an increase of more than 4 times from last year. This change in operating cash flows is result of better operating profit and very effective control over working capital.

We continue to maintain high capital efficiency and strive to allocate our capital to growth opportunities. We have invested Rs. 200 + Crores in growth capex over last two years. In order to fund this, we have tried to strike a balance between our debt aversion dictated by conservative financial policies and the need to leverage the low interest regime."

Shares of HINDUSTAN FOODS LTD. was last trading in BSE at Rs.2409.75 as compared to the previous close of Rs. 2310. The total number of shares traded during the day was 6581 in over 1728 trades.

The stock hit an intraday high of Rs. 2425 and intraday low of 2330. The net turnover during the day was Rs. 15766420.

Source : Equity Bulls

Keywords