VEDANTA LTD Announces Quarterly Results (2QFY20); Net Profit Up 43.7%

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VEDANTA LTD Announces Quarterly Results (2QFY20); Net Profit Up 43.7%
Fri, 15 Nov

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

VEDANTA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m227,050213,740219,5802.7%-3.3%
Other incomeRs m5,9203,8008,560125.3%44.6%
TurnoverRs m232,970217,540228,1404.9%-2.1%
ExpensesRs m174,970161,760175,3508.4%0.2%
Gross profitRs m55,28051,98040,010-23.0%-27.6%
DepreciationRs m19,31021,55023,95011.1%24.0%
InterestRs m15,71013,41013,400-0.1%-14.7%
Profit before taxRs m26,18020,82011,220-46.1%-57.1%
TaxRs m7,1801,380-16,090-1265.9%-324.1%
Profit after taxRs m19,00019,44027,31040.5%43.7%
Gross profit margin%24.324.318.2
Effective tax rate%27.46.6-143.4
Net profit margin%8.28.912.0
* 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 3.3% on a year-on-year (YoY) basis. The expenses were up by 0.2% YoY during the same period.
  • The company's operating profit declined by 27.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.2% in 2QFY20 as against 24.3% in 2QFY19.
  • Depreciation charges increased by 24.0% and finance costs declined by 14.7% YoY, respectively.
  • Other income increased by 44.6% YoY during the quarter.
  • Net profit for the quarter increased by 43.7% YoY. Net profit margins during the quarter increased from 8.2% in 2QFY19 to 12.0% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.4% QoQ during the same period.
  • The company's operating profit declined by 23.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.2% in 2QFY20 as against 24.3% in 1QFY19.
  • Net profit for the quarter increased by 40.5% QoQ, while net profit margins increased from 8.9% in 1QFY19 to 12.0% in 2QFY20.

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

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VEDANTA LTD Share Price Performance

Over the last one year,VEDANTA LTD share price has moved down from Rs 207.6 to Rs 144.5, registering a Loss of Rs 63.1 or around 30.4%.

Overall, the S&P BSE SENSEX is up 15.3% over the year.

Current Valuations

At the current price of Rs 144.5, the price to earnings (P/E) ratio of VEDANTA LTD stands at 4.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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