VARDHMAN TEXTILES Announces Quarterly Results (4QFY19); Net Profit Up 10.1%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

VARDHMAN TEXTILES Announces Quarterly Results (4QFY19); Net Profit Up 10.1%
Fri, 10 May

VARDHMAN TEXTILES has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

VARDHMAN TEXTILES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m15,09617,29417,6342.0%16.8%
Other incomeRs m61360493053.9%51.7%
TurnoverRs m15,70917,89918,5643.7%18.2%
ExpensesRs m12,50414,22314,9995.5%20.0%
Gross profitRs m2,6213,0712,635-14.2%0.5%
DepreciationRs m6276306716.7%7.0%
InterestRs m35226730112.7%-14.7%
Profit before taxRs m2,2552,7792,593-6.7%15.0%
TaxRs m618868791-8.9%28.0%
Profit after taxRs m1,6371,9111,802-5.7%10.1%
Gross profit margin%17.417.814.9
Effective tax rate%27.431.230.5
Net profit margin%10.410.79.7
* 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 16.8% on a year-on-year (YoY) basis. The expenses were up by 20.0% YoY during the same period.
  • The company's operating profit increased by 0.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.9% in 4QFY19 as against 17.4% in 4QFY18.
  • Depreciation charges increased by 7.0% and finance costs declined by 14.7% YoY, respectively.
  • Other income increased by 51.7% YoY during the quarter.
  • Net profit for the quarter increased by 10.1% YoY. Net profit margins during the quarter declined from 10.4% in 4QFY18 to 9.7% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.5% QoQ during the same period.
  • The company's operating profit declined by 14.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.9% in 4QFY19 as against 17.8% in 3QFY18.
  • Net profit for the quarter declined by 5.7% QoQ, while net profit margins declined from 10.7% in 3QFY18 to 9.7% in 4QFY19.

To see how VARDHMAN TEXTILES has performed over the last eight quarters, please visit here.

VARDHMAN TEXTILES Share Price Performance

Over the last one year, VARDHMAN TEXTILES share price has moved up from Rs 1,212.5 to Rs 1,117.6, registering a Loss of Rs 94.9 or around 7.8%.

Overall, the S&P BSE SENSEX is up 6.2% over the year.

Current Valuations

At the current price of Rs 1,117.6, the price to earnings (P/E) ratio of VARDHMAN TEXTILES stands at 9.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

Equitymaster requests your view! Post a comment on "VARDHMAN TEXTILES Announces Quarterly Results (4QFY19); Net Profit Up 10.1%". Click here!

  

Related Views on News

VARDHMAN TEXTILES Announces Quarterly Results (3QFY20); Net Profit Up 3.6% (Quarterly Result Update)

Feb 14, 2020 | Updated on Feb 14, 2020

For the quarter ended December 2019, VARDHMAN TEXTILES has posted a net profit of Rs 2 bn (up 3.6% YoY). Sales on the other hand came in at Rs 18 bn (up 5.5% YoY). Read on for a complete analysis of VARDHMAN TEXTILES's quarterly results.

VARDHMAN TEXTILES Announces Quarterly Results (2QFY20); Net Profit Down 40.1% (Quarterly Result Update)

Nov 12, 2019 | Updated on Nov 12, 2019

For 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.

More Views on News

Most Popular

India: Recovery Stalled by Vaccine Games?(The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

4 Stocks to Make Your Portfolio Immune to the Second Covid Wave(Profit Hunter)

Apr 6, 2021

Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.

An India Revival Stock I'm Bullish On...(Profit Hunter)

Apr 9, 2021

This could take India to the position of 3rd largest economy.

Why Did the Market Crash on Monday?(Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

Why the Market Fell Yesterday(Fast Profits Daily)

Apr 6, 2021

In this video, I'll tell you the two reasons why the market fell on Monday and how you can prepare yourself for such events in the future.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

VARDHMAN TEXTILES SHARE PRICE


Apr 15, 2021 11:20 AM

TRACK VARDHMAN TEXTILES

  • Track your investment in VARDHMAN TEXTILES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON VARDHMAN TEXTILES

VARDHMAN TEXTILES 5-YR ANALYSIS

COMPARE VARDHMAN TEXTILES WITH

MARKET STATS