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

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VISESH INFOTECHNICS Announces Quarterly Results (4QFY18); Net Profit Down 1322.5%
Fri, 20 Jul

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

VISESH INFOTECHNICS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m34219082-56.9%-76.1%
Other incomeRs m0680-99.8%-35.3%
TurnoverRs m34225882-68.3%-76.1%
ExpensesRs m34819486-55.6%-75.3%
Gross profitRs m-632-5-114.3%
DepreciationRs m363-43.0%21.4%
InterestRs m11-4-693.1%-518.6%
Profit before taxRs m-1094-3-103.6%
TaxRs m-1-1-112
Profit after taxRs m-99510814.6%
Gross profit margin%-1.816.9-5.6
Effective tax rate%8.8-0.73,298.8
Net profit margin%-2.636.7132.5
* 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 76.1% on a year-on-year (YoY) basis. The expenses were down by 75.3% YoY during the same period.
  • The company's operating profit declined by 26.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.6% in 4QFY18 as against 1.8% in 4QFY17.
  • Depreciation charges and finance costs increased by 21.4% YoY and 518.6% YoY, respectively.
  • Other income declined by 35.3% YoY during the quarter.
  • Net profit for the quarter declined by 1322.5% YoY. Net profit margins during the quarter increased from -2.6% in 4QFY17 to 132.5% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 56.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 55.6% QoQ during the same period.
  • The company's operating profit declined by 114.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.6% in 4QFY18 as against 16.9% in 3QFY17.
  • Net profit for the quarter increased by 14.6% QoQ, while net profit margins increased from 36.8% in 3QFY17 to 132.5% in 4QFY18.

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 0.1 to Rs 0.2, registering a Gain of Rs 0.1 or around 91.7%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,607.6 (up 1.8%). Over the last one year it has moved up from 10,154.0 to 14,607.6, a gain of 4,453.6 points (up 43.9%).

Overall, the S&P BSE SENSEX is up 0.4% 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 5.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.2 times.

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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 (2QFY19); Net Profit Down 110.8% (Quarterly Result Update)

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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.

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