• OUTLOOK ARENA
  • VIEWS ON NEWS
  • JULY 20, 2001

VisualSoft : Products woes continue

VisualSoft has posted a QoQ dip of 17% in revenues for 1QFY02. The dip in the net profit figure (excl. extra-ordinary income of Rs 34 m in 4QFY01) is 29%. On a YoY basis the company's revenues have grown by 6% and the net profits have declined by 15%. The company's products sales continue to decline, which have adversely affected its financials. The product sales have declined 59% sequentially. The contribution of products to revenues is 19% compared to 37% in 4QFY01. The remaining 81% of the revenues came from the services business that has registered a sequential growth of 7%.

(Rs m)4QFY011QFY02Change
Sales343285-17.0%
Other Income210449.4%
Expenditure208188-9.3%
Operating Profit (EBDIT) 136 97 -28.9%
Operating Profit Margin (%)39.5%33.9% 
Interest - -  
Depreciation131624.1%
Profit before Tax12490-27.5%
Tax2355.3%
Extraordinary income 34 -  
Profit after Tax/(Loss) 157 87 -44.2%
Net profit margin (%)45.6%30.7% 
Diluted number of shares (m)19.719.7 
Diluted Earnings per share*31.817.7 
P/E (at current price) 5.5 
*(annualised)   

At the current market price of Rs 98, the stock is trading at a P/E multiple of 6 times 1QFY02 annualised earnings.

Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

Equitymaster Agora Research Private Limited (Research Analyst)
103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407