VIP INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 43.6%

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VIP INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 43.6%
Mon, 17 Feb

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

VIP INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m4,3014,1234,3244.9%0.5%
Other incomeRs m272718-34.4%-35.4%
TurnoverRs m4,3284,1504,3414.6%0.3%
ExpensesRs m3,9233,4603,6435.3%-7.1%
Gross profitRs m3786626802.7%79.9%
DepreciationRs m442122172.4%392.7%
InterestRs m77056-19.7%668.5%
Profit before taxRs m3544084254.2%20.0%
TaxRs m11679835.5%-28.5%
Profit after taxRs m2383293423.9%43.6%
Gross profit margin%8.816.115.7
Effective tax rate%32.719.319.5
Net profit margin%5.57.97.9
* 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 0.5% on a year-on-year (YoY) basis. The expenses were down by 7.1% YoY during the same period.
  • The company's operating profit increased by 79.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.7% in 3QFY20 as against 8.8% in 3QFY19.
  • Depreciation charges increased by 392.7% and finance costs increased by 668.5% YoY, respectively.
  • Other income declined by 35.4% YoY during the quarter.
  • Net profit for the quarter increased by 43.6% YoY. Net profit margins during the quarter increased from 5.5% in 3QFY19 to 7.9% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.3% QoQ during the same period.
  • The company's operating profit increased by 2.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.7% in 3QFY20 as against 16.1% in 2QFY19.
  • Net profit for the quarter increased by 3.9% QoQ, while net profit margins declined from 7.9% in 2QFY19 to 7.9% in 3QFY20.

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

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

VIP INDUSTRIES Share Price Performance

Over the last one year,VIP INDUSTRIES share price has moved up from Rs 424.8 to Rs 455.1, registering a Gain of Rs 30.3 or around 7.1%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 27,393.1 (up 1.6%). Over the last one year it has moved up from 21,092.0 to 27,393.1, a gain of 6,301 points (up 29.9%).

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 455.1, the price to earnings (P/E) ratio of VIP INDUSTRIES stands at 50.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.1 times.

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May 29, 2020 | Updated on May 29, 2020

For the quarter ended March 2020, VIP INDUSTRIES has posted a net profit of Rs 95 m (down 62.3% YoY). Sales on the other hand came in at Rs 3 bn (down 28.4% YoY). Read on for a complete analysis of VIP INDUSTRIES's quarterly results.

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