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V-MART RETAIL Announces Quarterly Results (2QFY19); Net Profit Down 246.4%

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V-MART RETAIL Announces Quarterly Results (2QFY19); Net Profit Down 246.4%
Mon, 12 Nov

V-MART RETAIL has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

V-MART RETAIL Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m2,4193,6122,622-27.4%8.4%
Other incomeRs m891016.7%25.4%
TurnoverRs m2,4283,6212,632-27.3%8.4%
ExpensesRs m2,3333,1802,661-16.3%14.0%
Gross profitRs m86432-39-108.9%-145.1%
DepreciationRs m5065671.9%33.5%
InterestRs m622-3.5%-66.7%
Profit before taxRs m38374-97-125.9%-352.5%
TaxRs m11125-57-145.3%-620.2%
Profit after taxRs m27249-40-116.2%-246.4%
Gross profit margin%3.512.0-1.5
Effective tax rate%28.433.558.4
Net profit margin%1.16.9-1.5
* 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 8.4% on a year-on-year (YoY) basis. The expenses were up by 14.0% YoY during the same period.
  • The company's operating profit declined by 145.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.5% in 2QFY19 as against 3.5% in 2QFY18.
  • Depreciation charges increased by 33.5% and finance costs declined by 66.7% YoY, respectively.
  • Other income increased by 25.4% YoY during the quarter.
  • Net profit for the quarter declined by 246.4% YoY. Net profit margins during the quarter declined from 1.1% in 2QFY18 to -1.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 27.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.3% QoQ during the same period.
  • The company's operating profit declined by 108.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.5% in 2QFY19 as against 12.0% in 1QFY18.
  • Net profit for the quarter declined by 116.2% QoQ, while net profit margins declined from 6.9% in 1QFY18 to -1.5% in 2QFY19.

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 up from Rs 1,399.1 to Rs 2,235.1, registering a Gain of Rs 836.1 or around 59.8%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 2,235.1, the price to earnings (P/E) ratio of V-MART RETAIL stands at 55.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.8 times.

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V-MART RETAIL Announces Quarterly Results (3QFY19); Net Profit Up 13.6% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, V-MART RETAIL has posted a net profit of Rs 417 m (up 13.6% YoY). Sales on the other hand came in at Rs 5 bn (up 26.6% YoY). Read on for a complete analysis of V-MART RETAIL's quarterly results.

V-MART RETAIL Announces Quarterly Results (1QFY19); Net Profit Down 788.6% (Quarterly Result Update)

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For the quarter ended June 2018, V-MART RETAIL has posted a net profit of Rs 249 m (down 788.6% YoY). Sales on the other hand came in at Rs 4 bn (up 14.6% YoY). Read on for a complete analysis of V-MART RETAIL's quarterly results.

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