VINATI ORGANICS Announces Quarterly Results (4QFY19); Net Profit Up 59.0%

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VINATI ORGANICS Announces Quarterly Results (4QFY19); Net Profit Up 59.0%
Mon, 13 May

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

VINATI ORGANICS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m2,1263,0312,966-2.1%39.5%
Other incomeRs m787310341.1%32.5%
TurnoverRs m2,2043,1033,069-1.1%39.3%
ExpensesRs m1,4761,9661,768-10.1%19.8%
Gross profitRs m6501,0641,19812.5%84.4%
DepreciationRs m436968-1.5%56.8%
InterestRs m632-18.7%-58.8%
Profit before taxRs m6781,0651,23015.5%81.4%
TaxRs m15935840513.0%154.6%
Profit after taxRs m51970782516.8%59.0%
Gross profit margin%30.635.140.4
Effective tax rate%23.433.632.9
Net profit margin%23.622.826.9
* 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 39.5% on a year-on-year (YoY) basis. The expenses were up by 19.8% YoY during the same period.
  • The company's operating profit increased by 84.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 40.4% in 4QFY19 as against 30.6% in 4QFY18.
  • Depreciation charges increased by 56.8% and finance costs declined by 58.8% YoY, respectively.
  • Other income increased by 32.5% YoY during the quarter.
  • Net profit for the quarter increased by 59.0% YoY. Net profit margins during the quarter increased from 23.6% in 4QFY18 to 26.9% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 10.1% QoQ during the same period.
  • The company's operating profit increased by 12.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 40.4% in 4QFY19 as against 35.1% in 3QFY18.
  • Net profit for the quarter increased by 16.8% QoQ, while net profit margins increased from 22.8% in 3QFY18 to 26.9% in 4QFY19.

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 924.8 to Rs 1,815.2, registering a Gain of Rs 890.5 or around 96.3%.

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 1,815.2, the price to earnings (P/E) ratio of VINATI ORGANICS stands at 33.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.8 times.

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