Ruchi Soya Industries Ltd reports Q2FY22 earnings

Ruchi Soya Industries Limited ('Ruchi Soya'), a diversified FMCG and FMHG focused company with strategically located 23 manufacturing facilities, well recognised brands with pan India presence and over 2.9 lakh hectares palm plantation allocation, has announced its financial results of operation for the quarter ended 30 September, 2021.

Key highlights of such financial results are set out below:

For the quarter ended September 30, 2021, Ruchi Soya achieved a Total Income of Rs. 601,099.63 lakhs as compared to Rs. 529,598.99 lakhs for the quarter ended June 30, 2021, reflecting a growth of 13.50% on QoQ basis and 50.62% on YoY basis.

For the quarter ended September 30, 2021, EBITDA stood at Rs. 34,567.34 lakhs with an EBITDA margin of 5.75 %, the Profit before Tax was Rs. 22,046.90 lakhs and Profit after Tax was Rs 16,427.34 respectively. The Company continues to sustain its EBITDA margins over the last 4 Quarters in spite of unprecedented commodity inflation.

For the half year ended September 30, 2021, Ruchi Soya achieved a Total Income of Rs 1,130,698.62 lakhs as compared to Rs. 704,787.84 lakhs for the half year ended September 30, 2020, reflecting a growth of 60.43% on YoY basis. For the half year ended September 30, 2021, EBITDA stood at Rs. 70,653.95 lakhs, the Profit before Tax at Rs. 45,908.50 lakhs and Profit after Tax at Rs 33,780.52 respectively.

Ruchi Soya's branded business including brands sold under royalty arrangements and institutional segment achieved sales of Rs. 451,182.04 lakhs and Rs. 34,564.43 lakhs respectively, for the quarter ended September 30, 2021, contributing to 75.26% & 5.77% of the Revenue from operations of Ruchi Soya for such period. The branded business delivered resilient performance and registered a growth of 17.43% on QoQ and 70.44% on YoY basis.

In Q2FY22, the food business segment achieved sales of Rs 43,112.80 lakhs contributing 9.56% of the total branded business of the Company and registered a growth of 57.26% on QoQ basis and 158.35% on YoY basis.

Shares of Ruchi Soya Industries Limited was last trading in BSE at Rs. 979.75 as compared to the previous close of Rs. 1012.45. The total number of shares traded during the day was 8231 in over 1271 trades.

The stock hit an intraday high of Rs. 1018.75 and intraday low of 950.00. The net turnover during the day was Rs. 8110207.00.

Source : Equity Bulls

Keywords

RuchiSoyaIndustriesLimited INE619A01035 EdibleOils Q2FY22 ResultUpdate