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

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VISESH INFOTECHNICS Announces Quarterly Results (2QFY19); Net Profit Down 110.8%
Wed, 28 Nov

VISESH INFOTECHNICS has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

VISESH INFOTECHNICS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m22610860-44.6%-73.5%
Other incomeRs m000-50.0%-88.9%
TurnoverRs m22610860-44.6%-73.5%
ExpensesRs m23311263-43.6%-72.9%
Gross profitRs m-7-4-3
DepreciationRs m3440.0%28.5%
InterestRs m1122.7%48.5%
Profit before taxRs m-11-9-9
TaxRs m-1613115.7%
Profit after taxRs m-10-15-22
Gross profit margin%-3.2-3.8-5.7
Effective tax rate%8.2-64.6-149.3
Net profit margin%-4.5-14.1-36.1
* 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 73.5% on a year-on-year (YoY) basis. The expenses were down by 72.9% YoY during the same period.
  • The company's operating profit declined by 53.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.7% in 2QFY19 as against 3.2% in 2QFY18.
  • Depreciation charges increased by 28.5% and finance costs increased by 48.5% YoY, respectively.
  • Other income declined by 88.9% YoY during the quarter.
  • Net profit for the quarter declined by 110.8% YoY. Net profit margins during the quarter declined from -4.5% in 2QFY18 to -36.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 44.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 43.6% QoQ during the same period.
  • The company's operating profit declined by 16.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.7% in 2QFY19 as against 3.8% in 1QFY18.
  • Net profit for the quarter declined by 41.3% QoQ, while net profit margins declined from -13.9% in 1QFY18 to -36.1% in 2QFY19.

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 up from Rs 0.0 to Rs 0.2, registering a Gain of Rs 0.2 or around 0.0%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,029.2 (up 1.7%). Over the last one year it has moved up from 10,851.5 to 14,029.2, a gain of 3,178 points (up 29.3%).

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 0.2, the price to earnings (P/E) ratio of VISESH INFOTECHNICS stands at 4.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.2 times.

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

Aug 16, 2019 | Updated on Aug 16, 2019

For the quarter ended June 2019, VISESH INFOTECHNICS has posted a net profit of Rs 27 m (down 74.3% YoY). Sales on the other hand came in at Rs 15 m (down 85.6% 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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