V GUARD INDUSTRIES Announces Quarterly Results (1QFY21); Net Profit Down 93.1%

Wed, 26 Aug

V GUARD INDUSTRIES has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

V GUARD INDUSTRIES Quarterly Financials

Year-on-Year Performance:

• The company's operating income during the quarter fell 42.0% on a year-on-year (YoY) basis. The expenses were down by 36.8% YoY during the same period.
• The company's operating profit declined by 87.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.2% in 1QFY21 as against 10.2% in 1QFY20.
• Depreciation charges increased by 16.8% and finance costs increased by 2.1% YoY, respectively.
• Other income declined by 27.3% YoY during the quarter.
• Net profit for the quarter declined by 93.1% YoY. Net profit margins during the quarter declined from 7.4% in 1QFY20 to 0.9% in 1QFY21.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter fell 24.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 19.3% QoQ during the same period.
• The company's operating profit declined by 79.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.2% in 1QFY21 as against 8.4% in 4QFY20.
• Net profit for the quarter declined by 88.9% QoQ, while net profit margins declined from 6.0% in 4QFY20 to 0.9% in 1QFY21.

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

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V GUARD INDUSTRIES Share Price Performance

Over the last one year,V GUARD INDUSTRIES share price has moved down from Rs 227.6 to Rs 177.3, registering a Loss of Rs 50.3 or around 22.1%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 14,218.9 (down 0.2%). Over the last one year it has moved down from 16,914.2 to 14,218.9, a gain of 2,695 points (down 15.9%).

Overall, the S&P BSE SENSEX is up 3.7% over the year.

Current Valuations

At the current price of Rs 177.3, the price to earnings (P/E) ratio of V GUARD INDUSTRIES stands at 55.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.3 times.