V-MART RETAIL Announces Quarterly Results (3QFY21); Net Profit Down 17.8%

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V-MART RETAIL Announces Quarterly Results (3QFY21); Net Profit Down 17.8%
Mon, 25 Jan

V-MART RETAIL has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

V-MART RETAIL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m5,6221,7554,700167.8%-16.4%
Other incomeRs m41503-98.1%-33.6%
TurnoverRs m5,6261,9054,703146.9%-16.4%
ExpensesRs m4,4541,7583,662108.2%-17.8%
Gross profitRs m1,168-31,038-11.1%
DepreciationRs m245257254-1.4%3.8%
InterestRs m1581471502.4%-4.9%
Profit before taxRs m770-257637-17.2%
TaxRs m188-68158-15.5%
Profit after taxRs m582-190479-17.8%
Gross profit margin%20.8-0.222.1
Effective tax rate%24.426.324.9
Net profit margin%10.3-10.010.2
* 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 fell 16.4% on a year-on-year (YoY) basis. The expenses were down by 17.8% YoY during the same period.
  • The company's operating profit declined by 11.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.1% in 3QFY21 as against 20.8% in 3QFY20.
  • Depreciation charges increased by 3.8% and finance costs declined by 4.9% YoY, respectively.
  • Other income declined by 33.6% YoY during the quarter.
  • Net profit for the quarter declined by 17.8% YoY. Net profit margins during the quarter declined from 10.3% in 3QFY20 to 10.2% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 167.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 108.2% QoQ during the same period.
  • The company's operating profit declined by 30461.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.1% in 3QFY21 as against 0.2% in 2QFY20.
  • Net profit for the quarter increased by 352.4% QoQ, while net profit margins increased from -10.0% in 2QFY20 to 10.2% in 3QFY21.

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 up from Rs 1,969.1 to Rs 2,516.2, registering a Gain of Rs 547.2 or around 27.8%.

Overall, the S&P BSE SENSEX is up 18.3% over the year.

Current Valuations

At the current price of Rs 2,516.2, the price to book value (P/BV) ratio of V-MART RETAIL stands at 11.2 times.

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Related Views on News

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

Feb 6, 2020 | Updated on Feb 6, 2020

For the quarter ended December 2019, V-MART RETAIL has posted a net profit of Rs 582 m (up 39.7% YoY). Sales on the other hand came in at Rs 6 bn (up 20.7% YoY). Read on for a complete analysis of V-MART RETAIL's quarterly results.

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.

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