UNITED SPIRITS Announces Quarterly Results (2QFY19); Net Profit Up 69.0%

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UNITED SPIRITS Announces Quarterly Results (2QFY19); Net Profit Up 69.0%
Mon, 5 Nov

UNITED SPIRITS has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

UNITED SPIRITS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m62,14664,15271,28211.1%14.7%
Other incomeRs m30521424916.4%-18.4%
TurnoverRs m62,45164,36671,53111.1%14.5%
ExpensesRs m58,96962,22966,9587.6%13.5%
Gross profitRs m3,0331,9234,324124.9%42.6%
DepreciationRs m3263393503.2%7.4%
InterestRs m659559415-25.8%-37.0%
Profit before taxRs m2,3531,2393,808207.3%61.8%
TaxRs m8224261,221186.6%48.5%
Profit after taxRs m1,5318132,587218.2%69.0%
Gross profit margin%4.93.06.1
Effective tax rate%34.934.432.1
Net profit margin%2.51.33.6
* 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 14.7% on a year-on-year (YoY) basis. The expenses were up by 13.5% YoY during the same period.
  • The company's operating profit increased by 42.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.1% in 2QFY19 as against 4.9% in 2QFY18.
  • Depreciation charges increased by 7.4% and finance costs declined by 37.0% YoY, respectively.
  • Other income declined by 18.4% YoY during the quarter.
  • Net profit for the quarter increased by 69.0% YoY. Net profit margins during the quarter increased from 2.5% in 2QFY18 to 3.6% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.6% QoQ during the same period.
  • The company's operating profit increased by 124.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.1% in 2QFY19 as against 3.0% in 1QFY18.
  • Net profit for the quarter increased by 218.2% QoQ, while net profit margins increased from 1.3% in 1QFY18 to 3.6% in 2QFY19.

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 620.8 to Rs 619.5, registering a Loss of Rs 1.3 or around 0.2%.

Overall, the S&P BSE SENSEX is up 3.8% over the year.

Current Valuations

At the current price of Rs 619.5, the price to earnings (P/E) ratio of UNITED SPIRITS stands at 13.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.7 times.

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