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- V-MART RETAIL Announces Quarterly Results (3QFY21); Net Profit Down 17.8%
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 Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 5,622 | 1,755 | 4,700 | 167.8% | -16.4% |
| Other income | Rs m | 4 | 150 | 3 | -98.1% | -33.6% |
| Turnover | Rs m | 5,626 | 1,905 | 4,703 | 146.9% | -16.4% |
| Expenses | Rs m | 4,454 | 1,758 | 3,662 | 108.2% | -17.8% |
| Gross profit | Rs m | 1,168 | -3 | 1,038 | -11.1% | |
| Depreciation | Rs m | 245 | 257 | 254 | -1.4% | 3.8% |
| Interest | Rs m | 158 | 147 | 150 | 2.4% | -4.9% |
| Profit before tax | Rs m | 770 | -257 | 637 | -17.2% | |
| Tax | Rs m | 188 | -68 | 158 | -15.5% | |
| Profit after tax | Rs m | 582 | -190 | 479 | -17.8% | |
| Gross profit margin | % | 20.8 | -0.2 | 22.1 | ||
| Effective tax rate | % | 24.4 | 26.3 | 24.9 | ||
| Net profit margin | % | 10.3 | -10.0 | 10.2 |
Interim results exclude extraordinary / exceptional items
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.
Revealed: 3 Stocks for Potentially Massive Gains
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.
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, 2020For 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, 2019For 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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