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

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V GUARD INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Up 114.8%
Mon, 3 Jun

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

V GUARD INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m6,5975,9437,39724.5%12.1%
Other incomeRs m22446855.3%204.7%
TurnoverRs m6,6195,9867,46524.7%12.8%
ExpensesRs m6,2075,4936,61520.4%6.6%
Gross profitRs m39045078173.8%100.5%
DepreciationRs m515655-0.6%8.4%
InterestRs m352-58.3%-28.2%
Profit before taxRs m35843279183.2%121.2%
TaxRs m8295199109.5%142.8%
Profit after taxRs m27633759275.8%114.8%
Gross profit margin%5.97.610.6
Effective tax rate%22.922.025.1
Net profit margin%4.25.67.9
* 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 12.1% on a year-on-year (YoY) basis. The expenses were up by 6.6% YoY during the same period.
  • The company's operating profit increased by 100.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.6% in 4QFY19 as against 5.9% in 4QFY18.
  • Depreciation charges increased by 8.4% and finance costs declined by 28.2% YoY, respectively.
  • Other income increased by 204.7% YoY during the quarter.
  • Net profit for the quarter increased by 114.8% YoY. Net profit margins during the quarter increased from 4.2% in 4QFY18 to 7.9% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 24.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 20.4% QoQ during the same period.
  • The company's operating profit increased by 73.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.6% in 4QFY19 as against 7.6% in 3QFY18.
  • Net profit for the quarter increased by 75.8% QoQ, while net profit margins increased from 5.6% in 3QFY18 to 7.9% in 4QFY19.

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 209.1 to Rs 235.5, registering a Gain of Rs 26.4 or around 12.6%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 19,937.6 (down 0.0%). Over the last one year it has moved up from 18,694.9 to 19,937.6, a gain of 1,243 points (up 6.6%).

Overall, the S&P BSE SENSEX is up 13.3% over the year.

Current Valuations

At the current price of Rs 235.5, the price to earnings (P/E) ratio of V GUARD INDUSTRIES stands at 60.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 13.3 times.

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