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VEDANTA LTD Announces Quarterly Results (1QFY19); Net Profit Down 1.0%

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VEDANTA LTD Announces Quarterly Results (1QFY19); Net Profit Down 1.0%
Fri, 3 Aug

VEDANTA LTD has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

VEDANTA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m193,420276,300222,060-19.6%14.8%
Other incomeRs m10,5509,9304,180-57.9%-60.4%
TurnoverRs m203,970286,230226,240-21.0%10.9%
ExpensesRs m144,680197,930159,220-19.6%10.0%
Gross profitRs m48,740107,06062,840-41.3%28.9%
DepreciationRs m13,86016,83017,9606.7%29.6%
InterestRs m15,92014,24015,4608.6%-2.9%
Profit before taxRs m29,51085,92033,600-60.9%13.9%
TaxRs m6,81029,17011,120-61.9%63.3%
Profit after taxRs m22,70056,75022,480-60.4%-1.0%
Gross profit margin%25.238.728.3
Effective tax rate%23.134.033.1
Net profit margin%11.119.89.9
* 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 14.8% on a year-on-year (YoY) basis. The expenses were up by 10.0% YoY during the same period.
  • The company's operating profit increased by 28.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.3% in 1QFY19 as against 25.2% in 1QFY18.
  • Depreciation charges and finance costs increased by 29.6% YoY and 2.9% YoY, respectively.
  • Other income declined by 60.4% YoY during the quarter.
  • Net profit for the quarter declined by 1.0% YoY. Net profit margins during the quarter declined from 11.1% in 1QFY18 to 9.9% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 19.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 19.6% QoQ during the same period.
  • The company's operating profit declined by 41.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 28.3% in 1QFY19 as against 38.7% in 4QFY18.
  • Net profit for the quarter declined by 60.4% QoQ, while net profit margins declined from 19.8% in 4QFY18 to 9.9% in 1QFY19.

To see how VEDANTA LTD has performed over the last eight quarters, please visit here.

VEDANTA LTD Share Price Performance

Over the last one year, VEDANTA LTD share price has moved up from Rs 280.0 to Rs 222.2, registering a Loss of Rs 57.8 or around 20.6%.

Overall, the S&P BSE SENSEX is up 1.1% over the year.

Current Valuations

At the current price of Rs 222.2, the price to earnings (P/E) ratio of VEDANTA LTD stands at 4.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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VEDANTA LTD Announces Quarterly Results (3QFY19); Net Profit Down 21.2% (Quarterly Result Update)

Feb 4, 2019 | Updated on Feb 4, 2019

For the quarter ended December 2018, VEDANTA LTD has posted a net profit of Rs 23 bn (down 21.2% YoY). Sales on the other hand came in at Rs 237 bn (down 2.8% YoY). Read on for a complete analysis of VEDANTA LTD's quarterly results.

VEDANTA LTD Announces Quarterly Results (2QFY19); Net Profit Down 36.4% (Quarterly Result Update)

Nov 6, 2018 | Updated on Nov 6, 2018

For the quarter ended September 2018, VEDANTA LTD has posted a net profit of Rs 19 bn (down 36.4% YoY). Sales on the other hand came in at Rs 227 bn (up 5.2% YoY). Read on for a complete analysis of VEDANTA LTD's quarterly results.

VEDANTA LTD 2017-18 Annual Report Analysis (Annual Result Update)

Aug 14, 2018 | Updated on Aug 14, 2018

Here's an analysis of the annual report of VEDANTA LTD for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of VEDANTA LTD. Also includes updates on the valuation of VEDANTA LTD.

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