V GUARD INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 27.2%

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V GUARD INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 27.2%
Mon, 3 Feb

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

V GUARD INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m5,9436,1936,2661.2%5.4%
Other incomeRs m446954-21.2%25.1%
TurnoverRs m5,9866,2626,3210.9%5.6%
ExpensesRs m5,4935,4175,6724.7%3.3%
Gross profitRs m450776594-23.4%32.2%
DepreciationRs m5669735.8%31.3%
InterestRs m581019.5%85.4%
Profit before taxRs m432767565-26.3%30.9%
TaxRs m95194137-29.6%43.9%
Profit after taxRs m337573429-25.2%27.2%
Gross profit margin%7.612.59.5
Effective tax rate%22.025.324.2
Net profit margin%5.69.26.8
* 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 grew 5.4% on a year-on-year (YoY) basis. The expenses were up by 3.3% YoY during the same period.
  • The company's operating profit increased by 32.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.5% in 3QFY20 as against 7.6% in 3QFY19.
  • Depreciation charges increased by 31.3% and finance costs increased by 85.4% YoY, respectively.
  • Other income increased by 25.1% YoY during the quarter.
  • Net profit for the quarter increased by 27.2% YoY. Net profit margins during the quarter increased from 5.6% in 3QFY19 to 6.8% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.7% QoQ during the same period.
  • The company's operating profit declined by 23.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.5% in 3QFY20 as against 12.5% in 2QFY19.
  • Net profit for the quarter declined by 25.2% QoQ, while net profit margins declined from 9.2% in 2QFY19 to 6.8% in 3QFY20.

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 up from Rs 199.9 to Rs 221.0, registering a Gain of Rs 21.1 or around 10.6%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,637.2 (up 0.1%). Over the last one year it has moved down from 17,463.0 to 16,637.2, a gain of 826 points (down 4.7%).

Overall, the S&P BSE SENSEX is up 9.6% over the year.

Current Valuations

At the current price of Rs 221.0, the price to earnings (P/E) ratio of V GUARD INDUSTRIES stands at 44.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.4 times.

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