VIP INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 44.6%

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VIP INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 44.6%
Thu, 1 Aug

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

VIP INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m5,1784,3505,64229.7%9.0%
Other incomeRs m17202631.5%57.0%
TurnoverRs m5,1954,3705,66829.7%9.1%
ExpensesRs m4,2163,9544,39111.0%4.1%
Gross profitRs m96239676693.5%-20.4%
DepreciationRs m3747192313.1%423.4%
InterestRs m0753654.3%26300.0%
Profit before taxRs m94236254751.1%-41.9%
TaxRs m30810919679.7%-36.4%
Profit after taxRs m63425335138.8%-44.6%
Gross profit margin%18.69.113.6
Effective tax rate%32.730.135.8
Net profit margin%12.25.86.2
* 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 9.0% on a year-on-year (YoY) basis. The expenses were up by 4.1% YoY during the same period.
  • The company's operating profit declined by 20.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.6% in 1QFY20 as against 18.6% in 1QFY19.
  • Depreciation charges increased by 423.4% and finance costs increased by 26300.0% YoY, respectively.
  • Other income increased by 57.0% YoY during the quarter.
  • Net profit for the quarter declined by 44.6% YoY. Net profit margins during the quarter declined from 12.2% in 1QFY19 to 6.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 29.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.0% QoQ during the same period.
  • The company's operating profit increased by 93.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.6% in 1QFY20 as against 9.1% in 4QFY19.
  • Net profit for the quarter increased by 38.8% QoQ, while net profit margins increased from 5.8% in 4QFY19 to 6.2% in 1QFY20.

To see how VIP INDUSTRIES has performed over the last eight quarters,please visit here.

VIP INDUSTRIES Share Price Performance

Over the last one year,VIP INDUSTRIES share price has moved down from Rs 485.6 to Rs 384.0, registering a Loss of Rs 101.7 or around 20.9%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 22,379.5 (up 0.2%). Over the last one year it has moved up from 21,002.0 to 22,379.5, a gain of 1,378 points (up 6.6%).

Overall, the S&P BSE SENSEX is down 1.1% over the year.

Current Valuations

At the current price of Rs 384.0, the price to earnings (P/E) ratio of VIP INDUSTRIES stands at 46.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.3 times.

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