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

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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.

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