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VAKRANGEE Announces Quarterly Results (4QFY19); Net Profit Down 91.5%

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VAKRANGEE Announces Quarterly Results (4QFY19); Net Profit Down 91.5%
Mon, 13 May

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

VAKRANGEE Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m18,4699681,0154.8%-94.5%
Other incomeRs m196219204-6.6%4.1%
TurnoverRs m18,6661,1871,2192.7%-93.5%
ExpensesRs m17,5111,1131,033-7.2%-94.1%
Gross profitRs m959-127-18-101.9%
DepreciationRs m19213045.5%58.3%
InterestRs m4000.0%-100.0%
Profit before taxRs m1,13271156120.6%-86.2%
TaxRs m3723492172.1%-75.4%
Profit after taxRs m760376573.9%-91.5%
Gross profit margin%5.2-13.1-1.8
Effective tax rate%32.947.658.7
Net profit margin%4.13.15.3
* 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 94.5% on a year-on-year (YoY) basis. The expenses were down by 94.1% YoY during the same period.
  • The company's operating profit declined by 101.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.8% in 4QFY19 as against 5.2% in 4QFY18.
  • Depreciation charges increased by 58.3% and finance costs declined by 100.0% YoY, respectively.
  • Other income increased by 4.1% YoY during the quarter.
  • Net profit for the quarter declined by 91.5% YoY. Net profit margins during the quarter increased from 4.1% in 4QFY18 to 5.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.2% QoQ during the same period.
  • The company's operating profit increased by 85.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 1.8% in 4QFY19 as against 13.1% in 3QFY18.
  • Net profit for the quarter increased by 73.9% QoQ, while net profit margins increased from 3.1% in 3QFY18 to 5.3% in 4QFY19.

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

VAKRANGEE Share Price Performance

Over the last one year, VAKRANGEE share price has moved up from Rs 66.5 to Rs 56.7, registering a Loss of Rs 9.8 or around 14.7%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,635.0 (up 0.9%). Over the last one year it has moved up from 13,202.6 to 15,635.0, a gain of 2,432 points (up 18.4%).

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 56.7, the price to earnings (P/E) ratio of VAKRANGEE stands at 238.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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