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

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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.

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VIP INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Up 37.7% (Quarterly Result Update)

Nov 16, 2018 | Updated on Nov 16, 2018

For the quarter ended September 2018, VIP INDUSTRIES has posted a net profit of Rs 328 m (up 37.7% YoY). Sales on the other hand came in at Rs 4 bn (up 29.9% YoY). Read on for a complete analysis of VIP INDUSTRIES's quarterly results.

VIP INDUSTRIES Announces Quarterly Results (1QFY19); Net Profit Up 54.6% (Quarterly Result Update)

Aug 6, 2018 | Updated on Aug 6, 2018

For the quarter ended June 2018, VIP INDUSTRIES has posted a net profit of Rs 634 m (up 54.6% YoY). Sales on the other hand came in at Rs 5 bn (up 27.4% YoY). Read on for a complete analysis of VIP INDUSTRIES's quarterly results.

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