VINATI ORGANICS Announces Quarterly Results (1QFY20); Net Profit Up 28.2%

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VINATI ORGANICS Announces Quarterly Results (1QFY20); Net Profit Up 28.2%
Thu, 1 Aug

VINATI ORGANICS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

VINATI ORGANICS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m2,6472,9662,907-2.0%9.8%
Other incomeRs m12110311411.2%-5.6%
TurnoverRs m2,7683,0693,022-1.5%9.1%
ExpensesRs m1,7301,7681,706-3.5%-1.4%
Gross profitRs m9171,1981,2020.3%31.0%
DepreciationRs m6768702.5%3.5%
InterestRs m22332.0%67.6%
Profit before taxRs m9691,2301,2431.1%28.3%
TaxRs m3274054203.6%28.4%
Profit after taxRs m643825824-0.2%28.2%
Gross profit margin%34.740.441.3
Effective tax rate%33.732.933.7
Net profit margin%23.226.927.3
* 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 9.8% on a year-on-year (YoY) basis. The expenses were down by 1.4% YoY during the same period.
  • The company's operating profit increased by 31.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 41.3% in 1QFY20 as against 34.7% in 1QFY19.
  • Depreciation charges increased by 3.5% and finance costs increased by 67.6% YoY, respectively.
  • Other income declined by 5.6% YoY during the quarter.
  • Net profit for the quarter increased by 28.2% YoY. Net profit margins during the quarter increased from 23.2% in 1QFY19 to 27.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.5% QoQ during the same period.
  • The company's operating profit increased by 0.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 41.3% in 1QFY20 as against 40.4% in 4QFY19.
  • Net profit for the quarter declined by 0.2% QoQ, while net profit margins increased from 26.9% in 4QFY19 to 27.3% in 1QFY20.

To see how VINATI ORGANICS has performed over the last eight quarters,please visit here.

VINATI ORGANICS Share Price Performance

Over the last one year,VINATI ORGANICS share price has moved up from Rs 969.2 to Rs 1,819.2, registering a Gain of Rs 850.1 or around 87.7%.

Overall, the S&P BSE SENSEX is down 1.0% over the year.

Current Valuations

At the current price of Rs 1,819.2, the price to earnings (P/E) ratio of VINATI ORGANICS stands at 31.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.8 times.

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Oct 16, 2019 (Close)

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