V GUARD INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Up 52.5%

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V GUARD INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Up 52.5%
Mon, 29 Jul

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

V GUARD INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m6,3667,3976,994-5.4%9.9%
Other incomeRs m156864-4.6%322.8%
TurnoverRs m6,3817,4657,058-5.4%10.6%
ExpensesRs m5,8846,6156,283-5.0%6.8%
Gross profitRs m482781711-9.0%47.6%
DepreciationRs m52556721.5%28.8%
InterestRs m2211377.5%327.4%
Profit before taxRs m442791698-11.8%57.8%
TaxRs m98199173-12.9%76.4%
Profit after taxRs m344592525-11.5%52.5%
Gross profit margin%7.610.610.2
Effective tax rate%22.225.124.8
Net profit margin%5.47.97.4
* 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 9.9% on a year-on-year (YoY) basis. The expenses were up by 6.8% YoY during the same period.
  • The company's operating profit increased by 47.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.2% in 1QFY20 as against 7.6% in 1QFY19.
  • Depreciation charges increased by 28.8% and finance costs increased by 327.4% YoY, respectively.
  • Other income increased by 322.8% YoY during the quarter.
  • Net profit for the quarter increased by 52.5% YoY. Net profit margins during the quarter increased from 5.4% in 1QFY19 to 7.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.0% QoQ during the same period.
  • The company's operating profit declined by 9.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.2% in 1QFY20 as against 10.6% in 4QFY19.
  • Net profit for the quarter declined by 11.5% QoQ, while net profit margins declined from 7.9% in 4QFY19 to 7.4% in 1QFY20.

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

V GUARD INDUSTRIES Share Price Performance

Over the last one year,V GUARD INDUSTRIES share price has moved up from Rs 213.9 to Rs 229.0, registering a Gain of Rs 15.2 or around 7.1%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,505.3 (down 1.5%). Over the last one year it has moved down from 18,164.6 to 17,505.3, a gain of 659 points (down 3.6%).

Overall, the S&P BSE SENSEX is up 1.7% over the year.

Current Valuations

At the current price of Rs 229.0, the price to earnings (P/E) ratio of V GUARD INDUSTRIES stands at 52.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 12.9 times.

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V GUARD INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Up 114.8% (Quarterly Result Update)

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For the quarter ended March 2019, V GUARD INDUSTRIES has posted a net profit of Rs 592 m (up 114.8% YoY). Sales on the other hand came in at Rs 7 bn (up 12.1% YoY). Read on for a complete analysis of V GUARD INDUSTRIES's quarterly results.

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