UNITED SPIRITS Announces Quarterly Results (1QFY20); Net Profit Up 142.8%

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UNITED SPIRITS Announces Quarterly Results (1QFY20); Net Profit Up 142.8%
Wed, 24 Jul

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

UNITED SPIRITS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m64,15272,15670,778-1.9%10.3%
Other incomeRs m214119101-15.1%-52.8%
TurnoverRs m64,36672,27570,879-1.9%10.1%
ExpensesRs m62,22969,32066,827-3.6%7.4%
Gross profitRs m1,9232,7713,95142.6%105.5%
DepreciationRs m33940150024.7%47.5%
InterestRs m559605520-14.0%-7.0%
Profit before taxRs m1,2391,8843,03260.9%144.7%
TaxRs m4266221,05870.1%148.4%
Profit after taxRs m8131,2621,97456.4%142.8%
Gross profit margin%3.03.85.6
Effective tax rate%34.433.034.9
Net profit margin%1.31.72.8
* 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 10.3% on a year-on-year (YoY) basis. The expenses were up by 7.4% YoY during the same period.
  • The company's operating profit increased by 105.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.6% in 1QFY20 as against 3.0% in 1QFY19.
  • Depreciation charges increased by 47.5% and finance costs declined by 7.0% YoY, respectively.
  • Other income declined by 52.8% YoY during the quarter.
  • Net profit for the quarter increased by 142.8% YoY. Net profit margins during the quarter increased from 1.3% in 1QFY19 to 2.8% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.6% QoQ during the same period.
  • The company's operating profit increased by 42.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.6% in 1QFY20 as against 3.8% in 4QFY19.
  • Net profit for the quarter increased by 56.4% QoQ, while net profit margins increased from 1.7% in 4QFY19 to 2.8% in 1QFY20.

To see how UNITED SPIRITS has performed over the last eight quarters,please visit here.

UNITED SPIRITS Share Price Performance

Over the last one year,UNITED SPIRITS share price has moved up from Rs 583.0 to Rs 584.5, registering a Gain of Rs 1.6 or around 0.3%.

Overall, the S&P BSE SENSEX is up 3.2% over the year.

Current Valuations

At the current price of Rs 584.5, the price to earnings (P/E) ratio of UNITED SPIRITS stands at 11.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.5 times.

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