VINATI ORGANICS Announces Quarterly Results (3QFY20); Net Profit Down 5.5%

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VINATI ORGANICS Announces Quarterly Results (3QFY20); Net Profit Down 5.5%
Sat, 1 Feb

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

VINATI ORGANICS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m3,0312,4512,385-2.7%-21.3%
Other incomeRs m7311215437.5%111.5%
TurnoverRs m3,1032,5632,539-0.9%-18.2%
ExpensesRs m1,9661,4521,5557.1%-20.9%
Gross profitRs m1,064999830-16.9%-22.0%
DepreciationRs m69729329.1%34.1%
InterestRs m333-9.0%-11.3%
Profit before taxRs m1,0651,036889-14.2%-16.6%
TaxRs m358-64220-38.5%
Profit after taxRs m7071,100668-39.3%-5.5%
Gross profit margin%35.140.734.8
Effective tax rate%33.6-6.224.8
Net profit margin%22.842.926.3
* 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 fell 21.3% on a year-on-year (YoY) basis. The expenses were down by 20.9% YoY during the same period.
  • The company's operating profit declined by 22.0% YoY during the quarter. Consequently, operating profit margins remained same and stood at 34.8% in 3QFY20.
  • Depreciation charges increased by 34.1% and finance costs declined by 11.3% YoY, respectively.
  • Other income increased by 111.5% YoY during the quarter.
  • Net profit for the quarter declined by 5.5% YoY. Net profit margins during the quarter increased from 22.8% in 3QFY19 to 26.3% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.1% QoQ during the same period.
  • The company's operating profit declined by 16.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 34.8% in 3QFY20 as against 40.7% in 2QFY19.
  • Net profit for the quarter declined by 39.3% QoQ, while net profit margins declined from 42.9% in 2QFY19 to 26.3% in 3QFY20.

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

Last 2 Days: Discover India's #1 Defence Stock

VINATI ORGANICS Share Price Performance

Over the last one year,VINATI ORGANICS share price has moved up from Rs 1,575.6 to Rs 1,990.8, registering a Gain of Rs 415.3 or around 26.4%.

Overall, the S&P BSE SENSEX is up 12.5% over the year.

Current Valuations

At the current price of Rs 1,990.8, the price to earnings (P/E) ratio of VINATI ORGANICS stands at 30.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.8 times.

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For the quarter ended September 2020, VINATI ORGANICS has posted a net profit of Rs 620 m (down 43.6% YoY). Sales on the other hand came in at Rs 2 bn (down 10.5% YoY). Read on for a complete analysis of VINATI ORGANICS's quarterly results.

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