UNITED SPIRITS Announces Quarterly Results (3QFY20); Net Profit Up 34.5%

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UNITED SPIRITS Announces Quarterly Results (3QFY20); Net Profit Up 34.5%
Wed, 29 Jan

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

UNITED SPIRITS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m77,63672,99978,0727.0%0.6%
Other incomeRs m61446176282.6%-71.3%
TurnoverRs m78,25073,04578,2487.1%0.0%
ExpensesRs m74,15868,91873,8327.1%-0.4%
Gross profitRs m3,2764,0814,2403.9%29.4%
DepreciationRs m355712524-26.4%47.6%
InterestRs m552503455-9.5%-17.6%
Profit before taxRs m2,9832,9123,43718.0%15.2%
TaxRs m1,0591,327849-36.0%-19.8%
Profit after taxRs m1,9241,5852,58863.3%34.5%
Gross profit margin%4.25.65.4
Effective tax rate%35.545.624.7
Net profit margin%2.52.23.3
* 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 0.6% on a year-on-year (YoY) basis. The expenses were down by 0.4% YoY during the same period.
  • The company's operating profit increased by 29.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.4% in 3QFY20 as against 4.2% in 3QFY19.
  • Depreciation charges increased by 47.6% and finance costs declined by 17.6% YoY, respectively.
  • Other income declined by 71.3% YoY during the quarter.
  • Net profit for the quarter increased by 34.5% YoY. Net profit margins during the quarter increased from 2.5% in 3QFY19 to 3.3% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.1% QoQ during the same period.
  • The company's operating profit increased by 3.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.4% in 3QFY20 as against 5.6% in 2QFY19.
  • Net profit for the quarter increased by 63.3% QoQ, while net profit margins increased from 2.2% in 2QFY19 to 3.3% in 3QFY20.

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 551.7 to Rs 638.5, registering a Gain of Rs 86.8 or around 15.7%.

Overall, the S&P BSE SENSEX is up 15.6% over the year.

Current Valuations

At the current price of Rs 638.5, the price to earnings (P/E) ratio of UNITED SPIRITS stands at 12.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

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