VISESH INFOTECHNICS Announces Quarterly Results (1QFY20); Net Profit Down 74.3%

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VISESH INFOTECHNICS Announces Quarterly Results (1QFY20); Net Profit Down 74.3%
Fri, 16 Aug

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

VISESH INFOTECHNICS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1081151246.1%-85.6%
Other incomeRs m010-98.3%0.0%
TurnoverRs m108216562.4%-85.6%
ExpensesRs m112522377.9%-80.5%
Gross profitRs m-4-3-6
DepreciationRs m4895.9%139.6%
InterestRs m111-4.1%-4.7%
Profit before taxRs m-9-12-17
TaxRs m6310263.1%64.5%
Profit after taxRs m-15-15-27
Gross profit margin%-3.8-297.4-41.1
Effective tax rate%-64.6-22.3-58.8
Net profit margin%-14.1-635.9-171.4
* 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 fell 85.6% on a year-on-year (YoY) basis. The expenses were down by 80.5% YoY during the same period.
  • The company's operating profit increased by 57.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 41.1% in 1QFY20 as against 3.8% in 1QFY19.
  • Depreciation charges increased by 139.6% and finance costs declined by 4.7% YoY, respectively.
  • Other income increased by 0.0% YoY during the quarter.
  • Net profit for the quarter declined by 74.3% YoY. Net profit margins during the quarter declined from -14.1% in 1QFY19 to -171.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1246.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 377.9% QoQ during the same period.
  • The company's operating profit increased by 86.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 41.1% in 1QFY20 as against 297.4% in 4QFY19.
  • Net profit for the quarter declined by 78.6% QoQ, while net profit margins increased from -750.0% in 4QFY19 to -171.4% in 1QFY20.

To see how VISESH INFOTECHNICS has performed over the last eight quarters,please visit here.

VISESH INFOTECHNICS Share Price Performance

Over the last one year,VISESH INFOTECHNICS share price has moved down from Rs 0.2 to Rs 0.2, registering a Loss of Rs 0.0 or around 0.0%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,433.9 (down 1.1%). Over the last one year it has moved up from 15,015.5 to 15,433.9, a gain of 418 points (up 2.8%).

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 0.2, the price to book value (P/BV) ratio of VISESH INFOTECHNICS stands at 0.2 times.

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Related Views on News

VISESH INFOTECHNICS Announces Quarterly Results (2QFY19); Net Profit Down 110.8% (Quarterly Result Update)

Nov 28, 2018 | Updated on Nov 28, 2018

For the quarter ended September 2018, VISESH INFOTECHNICS has posted a net profit of Rs 22 m (down 110.8% YoY). Sales on the other hand came in at Rs 60 m (down 73.5% YoY). Read on for a complete analysis of VISESH INFOTECHNICS's quarterly results.

VISESH INFOTECHNICS Announces Quarterly Results (4QFY18); Net Profit Down 1322.5% (Quarterly Result Update)

Jul 20, 2018 | Updated on Jul 20, 2018

For the quarter ended March 2018, VISESH INFOTECHNICS has posted a net profit of Rs 108 m (down 1322.5% YoY). Sales on the other hand came in at Rs 82 m (down 76.1% YoY). Read on for a complete analysis of VISESH INFOTECHNICS's quarterly results.

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