X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
VISESH INFOTECHNICS Announces Quarterly Results (2QFY19); Net Profit Down 110.8%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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.

Equitymaster requests your view! Post a comment on "VISESH INFOTECHNICS Announces Quarterly Results (2QFY19); Net Profit Down 110.8%". Click here!

  

Related Views on News

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.

Newgen Software Technologies Ltd. (IPO)

Jan 15, 2018

Should you subscribe to the IPO of Newgen Software Ltd?

Ankit Shah's First Five Insider Recommendations (The 5 Minute Wrapup)

Aug 5, 2017

How to get exclusive insider recommendations from Ankit Shah.

More Views on News

Most Popular

The One Real Estate Stock to Buy Now(The 5 Minute Wrapup)

Feb 13, 2019

The real estate sector is ready to make a comeback. This is the stock to consider buying.

Don't Be Afraid of the Market; Buy Stocks Like This One(The 5 Minute Wrapup)

Feb 14, 2019

During this tough period in the market, a contrarian approach holds huge potential upside for this Smart Money Secrets stock.

Small Caps Under Seige: Could This Be A Once-in-a-Decade Wealth Creating Opportunity?(Profit Hunter)

Feb 14, 2019

Don't let the dark clouds hovering over small caps scare you into hiding; it will rain gold as sentiments recover. Indeed, there is a blood bath. And if you are a first time investor, the correction is deep enough to scare you out of markets.

The 4-Point Plan to Accelerate India to a 10 Trillion Dollar Economy(The 5 Minute Wrapup)

Feb 12, 2019

Two questions I have been eagerly waiting to ask you ever since Budget 2019 was announced.

The Train to 'Small-Cap-Profits Land' is Back on the Station!(Profit Hunter)

Feb 15, 2019

Why its great news that prices for small caps over the last few days have been falling like there's no tomorrow.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

VISESH INFOTECHNICS SHARE PRICE


Feb 22, 2019 (Close)

TRACK VISESH INFOTECHNICS

  • Track your investment in VISESH INFOTECHNICS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON VISESH INFOTECHNICS

VISESH INFOTECHNICS 8-QTR ANALYSIS

COMPARE VISESH INFOTECHNICS WITH

MARKET STATS