VIP INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Down 11.4%

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?  

VIP INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Down 11.4%
Mon, 11 Feb

VIP INDUSTRIES has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

VIP INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m3,3804,0184,3017.0%27.2%
Other incomeRs m19202734.3%42.0%
TurnoverRs m3,3994,0384,3287.2%27.3%
ExpensesRs m2,9683,5073,92311.9%32.2%
Gross profitRs m412511378-26.0%-8.1%
DepreciationRs m34394413.1%30.2%
InterestRs m1071725.0%508.3%
Profit before taxRs m396492354-28.0%-10.5%
TaxRs m127164116-29.2%-8.7%
Profit after taxRs m269328238-27.4%-11.4%
Gross profit margin%12.212.78.8
Effective tax rate%32.133.332.7
Net profit margin%7.98.15.5
* 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 grew 27.2% on a year-on-year (YoY) basis. The expenses were up by 32.2% YoY during the same period.
  • The company's operating profit declined by 8.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.8% in 3QFY19 as against 12.2% in 3QFY18.
  • Depreciation charges increased by 30.2% and finance costs increased by 508.3% YoY, respectively.
  • Other income increased by 42.0% YoY during the quarter.
  • Net profit for the quarter declined by 11.4% YoY. Net profit margins during the quarter declined from 7.9% in 3QFY18 to 5.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.9% QoQ during the same period.
  • The company's operating profit declined by 26.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.8% in 3QFY19 as against 12.7% in 2QFY18.
  • Net profit for the quarter declined by 27.4% QoQ, while net profit margins declined from 8.1% in 2QFY18 to 5.5% in 3QFY19.

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 up from Rs 355.7 to Rs 457.0, registering a Gain of Rs 101.4 or around 28.5%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 21,525.3 (down 0.6%). Over the last one year it has moved up from 21,218.8 to 21,525.3, a gain of 307 points (up 1.4%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 457.0, the price to earnings (P/E) ratio of VIP INDUSTRIES stands at 41.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 13.2 times.

Equitymaster requests your view! Post a comment on "VIP INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Down 11.4%". Click here!

  

Related Views on News

VIP INDUSTRIES Announces Quarterly Results (2QFY20); Net Profit Up 0.3% (Quarterly Result Update)

Nov 14, 2019 | Updated on Nov 14, 2019

For the quarter ended September 2019, VIP INDUSTRIES has posted a net profit of Rs 329 m (up 0.3% YoY). Sales on the other hand came in at Rs 4 bn (up 2.6% YoY). Read on for a complete analysis of VIP INDUSTRIES's quarterly results.

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

Aug 1, 2019 | Updated on Aug 1, 2019

For the quarter ended June 2019, VIP INDUSTRIES has posted a net profit of Rs 351 m (down 44.6% YoY). Sales on the other hand came in at Rs 6 bn (up 9.0% YoY). Read on for a complete analysis of VIP INDUSTRIES's quarterly results.

VIP INDUSTRIES 2018-19 Annual Report Analysis (Annual Result Update)

Jul 18, 2019 | Updated on Jul 18, 2019

Here's an analysis of the annual report of VIP INDUSTRIES for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of VIP INDUSTRIES. Also includes updates on the valuation of VIP INDUSTRIES.

More Views on News

Most Popular

Use My Secret to Increase Your Trading Profits Today

Dec 10, 2019

What to do after every trade.

How We Made 14.64% Trading Profit in Just 2 Days

Dec 12, 2019

A high probability trade that worked to perfection for my subscribers.

Blue Chips Are Passe. Get into these Stocks for Outstanding Gains in 2020(Profit Hunter)

Dec 5, 2019

This corner of the market could provide more returns than blue chips in 2020.

Make the Most of the Smallcap Rebound with These Stocks(Profit Hunter)

Dec 3, 2019

Even amid a gloomy economic scenario, there are smallcaps that have grown earnings over last one and a half year and I believe these could be the strongest candidates for a smallcap rebound.

What Is the IPO Euphoria Signaling Us About the Markets?(The 5 Minute Wrapup)

Dec 2, 2019

2019 will be remembered as the year of great money-making IPOs...

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

VIP INDUSTRIES SHARE PRICE


Dec 13, 2019 (Close)

TRACK VIP INDUSTRIES

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

MORE ON VIP INDUSTRIES

VIP INDUSTRIES - HONDA SIEL POWER COMPARISON

COMPARE VIP INDUSTRIES WITH

MARKET STATS