VODAFONE IDEA Announces Quarterly Results (1QFY20); Net Profit Down 2607.4%

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VODAFONE IDEA Announces Quarterly Results (1QFY20); Net Profit Down 2607.4%
Mon, 29 Jul

VODAFONE IDEA has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

VODAFONE IDEA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m58,892117,750112,699-4.3%91.4%
Other incomeRs m1,4141,5662,79678.5%97.7%
TurnoverRs m60,306119,316115,495-3.2%91.5%
ExpensesRs m52,29899,89776,199-23.7%45.7%
Gross profitRs m40,2396,39528,430344.6%-29.3%
DepreciationRs m20,92446,63961,30831.5%193.0%
InterestRs m15,25829,46037,23726.4%144.0%
Profit before taxRs m5,471-68,138-67,319-1330.5%
TaxRs m3,504-18,770-17,999-613.7%
Profit after taxRs m1,967-49,368-49,320-2607.4%
Gross profit margin%68.35.425.2
Effective tax rate%64.027.526.7
Net profit margin%3.3-41.4-42.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 91.4% on a year-on-year (YoY) basis. The expenses were up by 45.7% YoY during the same period.
  • The company's operating profit declined by 29.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.2% in 1QFY20 as against 68.3% in 1QFY19.
  • Depreciation charges increased by 193.0% and finance costs increased by 144.0% YoY, respectively.
  • Other income increased by 97.7% YoY during the quarter.
  • Net profit for the quarter declined by 2607.4% YoY. Net profit margins during the quarter declined from 3.3% in 1QFY19 to -42.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 23.7% QoQ during the same period.
  • The company's operating profit increased by 344.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.2% in 1QFY20 as against 5.4% in 4QFY19.
  • Net profit for the quarter increased by 0.1% QoQ, while net profit margins declined from -41.4% in 4QFY19 to -42.7% in 1QFY20.

To see how VODAFONE IDEA has performed over the last eight quarters,please visit here.

VODAFONE IDEA Share Price Performance

Over the last one year,VODAFONE IDEA share price has moved down from Rs 34.0 to Rs 7.1, registering a Loss of Rs 26.9 or around 79.1%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,627.9 (up 0.1%). Over the last one year it has moved up from 7,353.0 to 7,627.9, a gain of 275 points (up 3.7%).

Overall, the S&P BSE SENSEX is up 2.3% over the year.

Current Valuations

At the current price of Rs 7.1, the price to book value (P/BV) ratio of VODAFONE IDEA stands at 0.2 times.

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For the quarter ended March 2019, VODAFONE IDEA has posted a net profit of Rs 49 bn (down 576.2% YoY). Sales on the other hand came in at Rs 118 bn (up 91.9% YoY). Read on for a complete analysis of VODAFONE IDEA's quarterly results.

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