VODAFONE IDEA Announces Quarterly Results (3QFY19); Net Profit Up 292.7%

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VODAFONE IDEA Announces Quarterly Results (3QFY19); Net Profit Up 292.7%
Wed, 13 Feb

VODAFONE IDEA has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

VODAFONE IDEA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m65,09676,635117,64853.5%80.7%
Other incomeRs m4202,1512,1801.3%419.0%
TurnoverRs m65,51678,786119,82852.1%82.9%
ExpensesRs m52,86272,021106,27947.6%101.0%
Gross profitRs m52,758-1,044144,243173.4%
DepreciationRs m21,41530,05947,73458.8%122.9%
InterestRs m11,91021,66228,24830.4%137.2%
Profit before taxRs m19,853-50,61470,441254.8%
TaxRs m7,008-45319,997185.3%
Profit after taxRs m12,845-50,16150,444292.7%
Gross profit margin%81.0-1.4122.6
Effective tax rate%35.30.928.4
Net profit margin%19.6-63.742.1
* 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 80.7% on a year-on-year (YoY) basis. The expenses were up by 101.0% YoY during the same period.
  • The company's operating profit increased by 173.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 122.6% in 3QFY19 as against 81.0% in 3QFY18.
  • Depreciation charges increased by 122.9% and finance costs increased by 137.2% YoY, respectively.
  • Other income increased by 419.0% YoY during the quarter.
  • Net profit for the quarter increased by 292.7% YoY. Net profit margins during the quarter increased from 19.6% in 3QFY18 to 42.1% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 53.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 47.6% QoQ during the same period.
  • The company's operating profit increased by 13916.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 122.6% in 3QFY19 as against 1.4% in 2QFY18.
  • Net profit for the quarter increased by 200.6% QoQ, while net profit margins increased from -63.7% in 2QFY18 to 42.1% in 3QFY19.

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 up from Rs 84.7 to Rs 29.8, registering a Loss of Rs 55.0 or around 64.9%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,649.5 (down 0.2%). Over the last one year it has moved up from 6,552.7 to 7,649.5, a gain of 1,097 points (up 16.7%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 29.8, the price to earnings (P/E) ratio of VODAFONE IDEA stands at 8.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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For the quarter ended June 2019, VODAFONE IDEA has posted a net profit of Rs 49 bn (down 2607.4% YoY). Sales on the other hand came in at Rs 113 bn (up 91.4% YoY). Read on for a complete analysis of VODAFONE IDEA's quarterly results.

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Dec 28, 2018 | Updated on Dec 28, 2018

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