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- UNITED SPIRITS Announces Quarterly Results (2QFY20); Net Profit Down 38.7%
UNITED SPIRITS Announces Quarterly Results (2QFY20); Net Profit Down 38.7%
Wed, 6 Nov
UNITED SPIRITS has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:
UNITED SPIRITS Quarterly Financials
| No. of Mths Qtr. Ending | 3 Sep-18* | 3 Jun-19* | 3 Sep-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 71,282 | 70,778 | 72,999 | 3.1% | 2.4% |
| Other income | Rs m | 249 | 101 | 46 | -54.5% | -81.5% |
| Turnover | Rs m | 71,531 | 70,879 | 73,045 | 3.1% | 2.1% |
| Expenses | Rs m | 66,958 | 66,827 | 68,918 | 3.1% | 2.9% |
| Gross profit | Rs m | 4,324 | 3,951 | 4,081 | 3.3% | -5.6% |
| Depreciation | Rs m | 350 | 500 | 712 | 42.4% | 103.4% |
| Interest | Rs m | 415 | 520 | 503 | -3.3% | 21.2% |
| Profit before tax | Rs m | 3,808 | 3,032 | 2,912 | -4.0% | -23.5% |
| Tax | Rs m | 1,221 | 1,058 | 1,327 | 25.4% | 8.7% |
| Profit after tax | Rs m | 2,587 | 1,974 | 1,585 | -19.7% | -38.7% |
| Gross profit margin | % | 6.1 | 5.6 | 5.6 | ||
| Effective tax rate | % | 32.1 | 34.9 | 45.6 | ||
| Net profit margin | % | 3.6 | 2.8 | 2.2 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 2.4% on a year-on-year (YoY) basis. The expenses were up by 2.9% YoY during the same period.
- The company's operating profit declined by 5.6% YoY during the quarter. Consequently, operating profit margins remained same and stood at 5.6% in 2QFY20.
- Depreciation charges increased by 103.4% and finance costs increased by 21.2% YoY, respectively.
- Other income declined by 81.5% YoY during the quarter.
- Net profit for the quarter declined by 38.7% YoY. Net profit margins during the quarter declined from 3.6% in 2QFY19 to 2.2% in 2QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 3.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.1% QoQ during the same period.
- The company's operating profit increased by 3.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.6% in 2QFY20 as against 5.6% in 1QFY19.
- Net profit for the quarter declined by 19.7% QoQ, while net profit margins declined from 2.8% in 1QFY19 to 2.2% in 2QFY20.
To see how UNITED SPIRITS has performed over the last eight quarters,please visit here.
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UNITED SPIRITS Share Price Performance
Over the last one year,UNITED SPIRITS share price has moved up from Rs 625.7 to Rs 630.0, registering a Gain of Rs 4.3 or around 0.7%.
Overall, the S&P BSE SENSEX is up 14.6% over the year.
Current Valuations
At the current price of Rs 630.0, the price to earnings (P/E) ratio of UNITED SPIRITS stands at 13.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.
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