V-MART RETAIL Announces Quarterly Results (3QFY20); Net Profit Up 39.7%

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V-MART RETAIL Announces Quarterly Results (3QFY20); Net Profit Up 39.7%
Thu, 6 Feb

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

V-MART RETAIL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m4,6583,1425,62278.9%20.7%
Other incomeRs m17124-63.1%-74.9%
TurnoverRs m4,6763,1535,62678.4%20.3%
ExpensesRs m3,9253,0284,45447.1%13.5%
Gross profitRs m7331131,168931.8%59.3%
DepreciationRs m722232459.9%241.0%
InterestRs m913115820.5%1697.8%
Profit before taxRs m670-22977014.8%
TaxRs m253-48188-26.0%
Profit after taxRs m417-18058239.7%
Gross profit margin%15.73.620.8
Effective tax rate%37.821.124.4
Net profit margin%8.9-5.710.3
* 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 20.7% on a year-on-year (YoY) basis. The expenses were up by 13.5% YoY during the same period.
  • The company's operating profit increased by 59.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.8% in 3QFY20 as against 15.7% in 3QFY19.
  • Depreciation charges increased by 241.0% and finance costs increased by 1697.8% YoY, respectively.
  • Other income declined by 74.9% YoY during the quarter.
  • Net profit for the quarter increased by 39.7% YoY. Net profit margins during the quarter increased from 8.9% in 3QFY19 to 10.3% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 78.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 47.1% QoQ during the same period.
  • The company's operating profit increased by 931.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.8% in 3QFY20 as against 3.6% in 2QFY19.
  • Net profit for the quarter increased by 422.7% QoQ, while net profit margins increased from -5.7% in 2QFY19 to 10.3% in 3QFY20.

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

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V-MART RETAIL Share Price Performance

Over the last one year,V-MART RETAIL share price has moved down from Rs 2,709.3 to Rs 2,400.0, registering a Loss of Rs 309.3 or around 11.4%.

Overall, the S&P BSE SENSEX is up 12.9% over the year.

Current Valuations

At the current price of Rs 2,400.0, the price to earnings (P/E) ratio of V-MART RETAIL stands at 77.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.7 times.

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Related Views on News

V-MART RETAIL Announces Quarterly Results (2QFY20); Net Profit Down 348.3% (Quarterly Result Update)

Nov 4, 2019 | Updated on Nov 4, 2019

For the quarter ended September 2019, V-MART RETAIL has posted a net profit of Rs 180 m (down 348.3% YoY). Sales on the other hand came in at Rs 3 bn (up 19.8% YoY). Read on for a complete analysis of V-MART RETAIL's quarterly results.

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

Aug 5, 2019 | Updated on Aug 5, 2019

For the quarter ended June 2019, V-MART RETAIL has posted a net profit of Rs 176 m (down 29.2% YoY). Sales on the other hand came in at Rs 5 bn (up 25.4% YoY). Read on for a complete analysis of V-MART RETAIL's quarterly results.

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