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

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V-MART RETAIL Announces Quarterly Results (3QFY19); Net Profit Up 13.6%
Wed, 13 Feb

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

V-MART RETAIL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m3,6802,6224,65877.7%26.6%
Other incomeRs m10101766.2%78.0%
TurnoverRs m3,6892,6324,67677.6%26.7%
ExpensesRs m3,0392,6613,92547.5%29.1%
Gross profitRs m640-3973314.6%
DepreciationRs m5967727.5%22.4%
InterestRs m329360.2%188.2%
Profit before taxRs m588-9767013.9%
TaxRs m221-5725314.5%
Profit after taxRs m367-4041713.6%
Gross profit margin%17.4-1.515.7
Effective tax rate%37.658.437.8
Net profit margin%9.9-1.58.9
* 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 26.6% on a year-on-year (YoY) basis. The expenses were up by 29.1% YoY during the same period.
  • The company's operating profit increased by 14.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.7% in 3QFY19 as against 17.4% in 3QFY18.
  • Depreciation charges increased by 22.4% and finance costs increased by 188.2% YoY, respectively.
  • Other income increased by 78.0% YoY during the quarter.
  • Net profit for the quarter increased by 13.6% YoY. Net profit margins during the quarter declined from 9.9% in 3QFY18 to 8.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 77.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 47.5% QoQ during the same period.
  • The company's operating profit increased by 1998.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.7% in 3QFY19 as against 1.5% in 2QFY18.
  • Net profit for the quarter increased by 1135.9% QoQ, while net profit margins increased from -1.5% in 2QFY18 to 8.9% in 3QFY19.

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 1,545.9 to Rs 2,475.7, registering a Gain of Rs 929.8 or around 60.1%.

Overall, the S&P BSE SENSEX is up 5.6% over the year.

Current Valuations

At the current price of Rs 2,475.7, the price to earnings (P/E) ratio of V-MART RETAIL stands at 57.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 13.0 times.

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Related Views on News

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

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, V-MART RETAIL has posted a net profit of Rs 40 m (down 246.4% YoY). Sales on the other hand came in at Rs 3 bn (up 8.4% 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)

Jul 26, 2018 | Updated on Jul 26, 2018

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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