VEDANTA LTD Announces Quarterly Results (1QFY20); Net Profit Down 13.5%

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VEDANTA LTD Announces Quarterly Results (1QFY20); Net Profit Down 13.5%
Mon, 29 Jul

VEDANTA LTD has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

VEDANTA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m222,060234,680213,740-8.9%-3.7%
Other incomeRs m4,18016,2803,800-76.7%-9.1%
TurnoverRs m226,240250,960217,540-13.3%-3.8%
ExpensesRs m159,220173,330161,760-6.7%1.6%
Gross profitRs m62,84061,35051,980-15.3%-17.3%
DepreciationRs m17,96022,58021,550-4.6%20.0%
InterestRs m15,46014,01013,410-4.3%-13.3%
Profit before taxRs m33,60041,04020,820-49.3%-38.0%
TaxRs m11,1208,8601,380-84.4%-87.6%
Profit after taxRs m22,48032,18019,440-39.6%-13.5%
Gross profit margin%28.326.124.3
Effective tax rate%33.121.66.6
Net profit margin%9.912.88.9
* 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 fell 3.7% on a year-on-year (YoY) basis. The expenses were up by 1.6% YoY during the same period.
  • The company's operating profit declined by 17.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.3% in 1QFY20 as against 28.3% in 1QFY19.
  • Depreciation charges increased by 20.0% and finance costs declined by 13.3% YoY, respectively.
  • Other income declined by 9.1% YoY during the quarter.
  • Net profit for the quarter declined by 13.5% YoY. Net profit margins during the quarter declined from 9.9% in 1QFY19 to 8.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.7% QoQ during the same period.
  • The company's operating profit declined by 15.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.3% in 1QFY20 as against 26.1% in 4QFY19.
  • Net profit for the quarter declined by 39.6% QoQ, while net profit margins declined from 12.8% in 4QFY19 to 8.9% in 1QFY20.

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 down from Rs 219.8 to Rs 156.4, registering a Loss of Rs 63.4 or around 28.8%.

Overall, the S&P BSE SENSEX is up 2.3% over the year.

Current Valuations

At the current price of Rs 156.4, the price to earnings (P/E) ratio of VEDANTA LTD stands at 4.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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