V-MART RETAIL Announces Quarterly Results (1QFY20); Net Profit Down 29.2%

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V-MART RETAIL Announces Quarterly Results (1QFY20); Net Profit Down 29.2%
Mon, 5 Aug

V-MART RETAIL has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

V-MART RETAIL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m3,6123,4454,53031.5%25.4%
Other incomeRs m92321-7.7%133.3%
TurnoverRs m3,6213,4684,55131.2%25.7%
ExpensesRs m3,1803,2683,95321.0%24.3%
Gross profitRs m432104578454.1%33.7%
DepreciationRs m6572220204.0%235.9%
InterestRs m231203378.3%5960.6%
Profit before taxRs m37451259406.9%-30.7%
TaxRs m125608337.9%-33.7%
Profit after taxRs m249-9176-29.2%
Gross profit margin%12.03.012.8
Effective tax rate%33.5117.632.0
Net profit margin%6.9-0.33.9
* 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 25.4% on a year-on-year (YoY) basis. The expenses were up by 24.3% YoY during the same period.
  • The company's operating profit increased by 33.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.8% in 1QFY20 as against 12.0% in 1QFY19.
  • Depreciation charges increased by 235.9% and finance costs increased by 5960.6% YoY, respectively.
  • Other income increased by 133.3% YoY during the quarter.
  • Net profit for the quarter declined by 29.2% YoY. Net profit margins during the quarter declined from 6.9% in 1QFY19 to 3.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 31.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 21.0% QoQ during the same period.
  • The company's operating profit increased by 454.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.8% in 1QFY20 as against 3.0% in 4QFY19.
  • Net profit for the quarter increased by 2055.7% QoQ, while net profit margins increased from -0.3% in 4QFY19 to 3.9% in 1QFY20.

To see how V-MART RETAIL has performed over the last eight quarters,please visit here.

V-MART RETAIL Share Price Performance

Over the last one year,V-MART RETAIL share price has moved down from Rs 2,755.1 to Rs 1,784.0, registering a Loss of Rs 971.1 or around 35.2%.

Overall, the S&P BSE SENSEX is down 1.8% over the year.

Current Valuations

At the current price of Rs 1,784.0, the price to earnings (P/E) ratio of V-MART RETAIL stands at 60.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.4 times.

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