VIDEOCON INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Down 18.5%

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VIDEOCON INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Down 18.5%
Fri, 30 Nov

VIDEOCON INDUSTRIES has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

VIDEOCON INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m8,1742,4101,863-22.7%-77.2%
Other incomeRs m384312143-54.4%-62.9%
TurnoverRs m8,5582,7232,006-26.3%-76.6%
ExpensesRs m11,4197,2632,976-59.0%-73.9%
Gross profitRs m-3,245-18,986-1,113
DepreciationRs m1,4981,2721,254-1.4%-16.3%
InterestRs m7,0578,8369,98713.0%41.5%
Profit before taxRs m-11,416-28,781-12,212
TaxRs m-1,079-3939
Profit after taxRs m-10,337-28,742-12,251
Gross profit margin%-39.7-787.8-59.7
Effective tax rate%9.50.1-0.3
Net profit margin%-120.8-1,055.7-610.8
* 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 77.2% on a year-on-year (YoY) basis. The expenses were down by 73.9% YoY during the same period.
  • The company's operating profit declined by 65.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 59.7% in 2QFY19 as against 39.7% in 2QFY18.
  • Depreciation charges declined by 16.3% and finance costs increased by 41.5% YoY, respectively.
  • Other income declined by 62.9% YoY during the quarter.
  • Net profit for the quarter declined by 18.5% YoY. Net profit margins during the quarter declined from -120.8% in 2QFY18 to -610.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 22.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 59.0% QoQ during the same period.
  • The company's operating profit increased by 94.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 59.7% in 2QFY19 as against 787.8% in 1QFY18.
  • Net profit for the quarter increased by 57.4% QoQ, while net profit margins increased from -1055.9% in 1QFY18 to -610.8% in 2QFY19.

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

VIDEOCON INDUSTRIES Share Price Performance

Over the last one year, VIDEOCON INDUSTRIES share price has moved up from Rs 15.4 to Rs 3.9, registering a Loss of Rs 11.5 or around 74.9%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 20,503.6 (up 0.0%). Over the last one year it has moved down from 21,460.6 to 20,503.6, a gain of 957 points (down 4.5%).

Overall, the S&P BSE SENSEX is up 8.2% over the year.

Current Valuations

At the current price of Rs 3.9, the price to book value (P/BV) ratio of VIDEOCON INDUSTRIES stands at 0.0 times.

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Related Views on News

VIDEOCON INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Up 19.6% (Quarterly Result Update)

Feb 20, 2019 | Updated on Feb 20, 2019

For the quarter ended December 2018, VIDEOCON INDUSTRIES has posted a net profit of Rs 10 bn (up 19.6% YoY). Sales on the other hand came in at Rs 2 bn (down 42.3% YoY). Read on for a complete analysis of VIDEOCON INDUSTRIES's quarterly results.

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