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- VARDHMAN TEXTILES Announces Quarterly Results (3QFY20); Net Profit Up 3.6%
VARDHMAN TEXTILES Announces Quarterly Results (3QFY20); Net Profit Up 3.6%
Fri, 14 Feb
VARDHMAN TEXTILES has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:
VARDHMAN TEXTILES Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-18* | 3 Sep-19* | 3 Dec-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 17,294 | 16,637 | 18,252 | 9.7% | 5.5% |
| Other income | Rs m | 604 | 300 | 704 | 135.0% | 16.5% |
| Turnover | Rs m | 17,899 | 16,936 | 18,956 | 11.9% | 5.9% |
| Expenses | Rs m | 14,223 | 14,139 | 16,134 | 14.1% | 13.4% |
| Gross profit | Rs m | 3,071 | 2,498 | 2,118 | -15.2% | -31.0% |
| Depreciation | Rs m | 630 | 826 | 865 | 4.8% | 37.4% |
| Interest | Rs m | 267 | 338 | 294 | -12.9% | 10.4% |
| Profit before tax | Rs m | 2,779 | 1,634 | 1,663 | 1.7% | -40.2% |
| Tax | Rs m | 868 | 457 | -317 | -169.4% | -136.5% |
| Profit after tax | Rs m | 1,911 | 1,177 | 1,980 | 68.2% | 3.6% |
| Gross profit margin | % | 17.8 | 15.0 | 11.6 | ||
| Effective tax rate | % | 31.2 | 28.0 | -19.1 | ||
| Net profit margin | % | 10.7 | 7.0 | 10.4 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 5.5% on a year-on-year (YoY) basis. The expenses were up by 13.4% YoY during the same period.
- The company's operating profit declined by 31.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.6% in 3QFY20 as against 17.8% in 3QFY19.
- Depreciation charges increased by 37.4% and finance costs increased by 10.4% YoY, respectively.
- Other income increased by 16.5% YoY during the quarter.
- Net profit for the quarter increased by 3.6% YoY. Net profit margins during the quarter declined from 10.7% in 3QFY19 to 10.4% in 3QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 9.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 14.1% QoQ during the same period.
- The company's operating profit declined by 15.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.6% in 3QFY20 as against 15.0% in 2QFY19.
- Net profit for the quarter increased by 68.2% QoQ, while net profit margins increased from 6.9% in 2QFY19 to 10.4% in 3QFY20.
To see how VARDHMAN TEXTILES has performed over the last eight quarters,please visit here.
Urgent New Alert: About Coming Once-in-a-generation Wealth Shift
VARDHMAN TEXTILES Share Price Performance
Over the last one year,VARDHMAN TEXTILES share price has moved down from Rs 1,004.5 to Rs 997.8, registering a Loss of Rs 6.7 or around 0.7%.
Overall, the S&P BSE SENSEX is up 14.5% over the year.
Current Valuations
At the current price of Rs 997.8, the price to earnings (P/E) ratio of VARDHMAN TEXTILES stands at 10.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.
Related Views on News
VARDHMAN TEXTILES Announces Quarterly Results (2QFY20); Net Profit Down 40.1% (Quarterly Result Update)
Nov 12, 2019 | Updated on Nov 12, 2019For the quarter ended September 2019, VARDHMAN TEXTILES has posted a net profit of Rs 1 bn (down 40.1% YoY). Sales on the other hand came in at Rs 17 bn (down 1.3% YoY). Read on for a complete analysis of VARDHMAN TEXTILES's quarterly results.
VARDHMAN TEXTILES Announces Quarterly Results (4QFY19); Net Profit Up 10.1% (Quarterly Result Update)
May 10, 2019 | Updated on May 10, 2019For the quarter ended March 2019, VARDHMAN TEXTILES has posted a net profit of Rs 2 bn (up 10.1% YoY). Sales on the other hand came in at Rs 18 bn (up 16.8% YoY). Read on for a complete analysis of VARDHMAN TEXTILES's quarterly results.
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