V GUARD INDUSTRIES Announces Quarterly Results (2QFY20); Net Profit Up 50.1%

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V GUARD INDUSTRIES Announces Quarterly Results (2QFY20); Net Profit Up 50.1%
Thu, 7 Nov

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

V GUARD INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m5,9766,9946,193-11.4%3.6%
Other incomeRs m3964697.1%76.2%
TurnoverRs m6,0157,0586,262-11.3%4.1%
ExpensesRs m5,4776,2835,417-13.8%-1.1%
Gross profitRs m4987117769.1%55.6%
DepreciationRs m5567692.8%27.0%
InterestRs m3118-22.0%210.9%
Profit before taxRs m48069876710.0%59.7%
TaxRs m9917319412.1%96.8%
Profit after taxRs m3825255739.3%50.1%
Gross profit margin%8.310.212.5
Effective tax rate%20.524.825.3
Net profit margin%6.37.49.2
* 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 3.6% on a year-on-year (YoY) basis. The expenses were down by 1.1% YoY during the same period.
  • The company's operating profit increased by 55.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.5% in 2QFY20 as against 8.3% in 2QFY19.
  • Depreciation charges increased by 27.0% and finance costs increased by 210.9% YoY, respectively.
  • Other income increased by 76.2% YoY during the quarter.
  • Net profit for the quarter increased by 50.1% YoY. Net profit margins during the quarter increased from 6.3% in 2QFY19 to 9.2% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 13.8% QoQ during the same period.
  • The company's operating profit increased by 9.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.5% in 2QFY20 as against 10.2% in 1QFY19.
  • Net profit for the quarter increased by 9.3% QoQ, while net profit margins increased from 7.4% in 1QFY19 to 9.2% in 2QFY20.

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

DISCOVER: How to Potentially Multiply Your Returns by Upto 5x...

V GUARD INDUSTRIES Share Price Performance

Over the last one year,V GUARD INDUSTRIES share price has moved up from Rs 197.0 to Rs 247.0, registering a Gain of Rs 50.0 or around 25.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,557.9 (down 0.1%). Over the last one year it has moved up from 18,196.5 to 18,557.9, a gain of 361 points (up 2.0%).

Overall, the S&P BSE SENSEX is up 15.8% over the year.

Current Valuations

At the current price of Rs 247.0, the price to earnings (P/E) ratio of V GUARD INDUSTRIES stands at 51.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.6 times.

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