VOLTAS Announces Quarterly Results (2QFY20); Net Profit Up 6.6%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

VOLTAS Announces Quarterly Results (2QFY20); Net Profit Up 6.6%
Thu, 14 Nov

VOLTAS has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

VOLTAS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m14,21426,54014,219-46.4%0.0%
Other incomeRs m46143372667.8%57.6%
TurnoverRs m14,67426,97314,946-44.6%1.8%
ExpensesRs m13,12823,62813,161-44.3%0.2%
Gross profitRs m1,0852,482997-59.8%-8.1%
DepreciationRs m6077803.9%34.8%
InterestRs m64444912.8%-22.7%
Profit before taxRs m1,4232,7941,594-42.9%12.0%
TaxRs m331917430-53.1%29.9%
Profit after taxRs m1,0921,8771,164-38.0%6.6%
Gross profit margin%7.69.47.0
Effective tax rate%23.232.827.0
Net profit margin%7.47.07.8
* 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 0.0% on a year-on-year (YoY) basis. The expenses were up by 0.2% YoY during the same period.
  • The company's operating profit declined by 8.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.0% in 2QFY20 as against 7.6% in 2QFY19.
  • Depreciation charges increased by 34.8% and finance costs declined by 22.7% YoY, respectively.
  • Other income increased by 57.6% YoY during the quarter.
  • Net profit for the quarter increased by 6.6% YoY. Net profit margins during the quarter increased from 7.4% in 2QFY19 to 7.8% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 46.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 44.3% QoQ during the same period.
  • The company's operating profit declined by 59.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.0% in 2QFY20 as against 9.4% in 1QFY19.
  • Net profit for the quarter declined by 38.0% QoQ, while net profit margins increased from 7.0% in 1QFY19 to 7.8% in 2QFY20.

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

EXPIRES TOMORROW: Full Transcript of Our Urgent Broadcast on India's Revival

VOLTAS Share Price Performance

Over the last one year,VOLTAS share price has moved up from Rs 542.4 to Rs 711.0, registering a Gain of Rs 168.6 or around 31.1%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,972.5 (down 0.6%). Over the last one year it has moved down from 18,309.3 to 17,972.5, a gain of 337 points (down 1.8%).

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 711.0, the price to earnings (P/E) ratio of VOLTAS stands at 41.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.7 times.

Equitymaster requests your view! Post a comment on "VOLTAS Announces Quarterly Results (2QFY20); Net Profit Up 6.6%". Click here!

  

Related Views on News

VOLTAS 2019-20 Annual Report Analysis (Annual Result Update)

Dec 14, 2020 | Updated on Dec 14, 2020

Here's an analysis of the annual report of VOLTAS for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of VOLTAS. Also includes updates on the valuation of VOLTAS.

VOLTAS Announces Quarterly Results (1QFY21); Net Profit Down 50.2% (Quarterly Result Update)

Sep 1, 2020 | Updated on Sep 1, 2020

For the quarter ended June 2020, VOLTAS has posted a net profit of Rs 934 m (down 50.2% YoY). Sales on the other hand came in at Rs 13 bn (down 52.1% YoY). Read on for a complete analysis of VOLTAS's quarterly results.

VOLTAS Announces Quarterly Results (4QFY20); Net Profit Up 11.1% (Quarterly Result Update)

Jun 1, 2020 | Updated on Jun 1, 2020

For the quarter ended March 2020, VOLTAS has posted a net profit of Rs 2 bn (up 11.1% YoY). Sales on the other hand came in at Rs 21 bn (up 1.3% YoY). Read on for a complete analysis of VOLTAS's quarterly results.

VOLTAS 2018-19 Annual Report Analysis (Annual Result Update)

Jul 18, 2019 | Updated on Jul 18, 2019

Here's an analysis of the annual report of VOLTAS for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of VOLTAS. Also includes updates on the valuation of VOLTAS.

More Views on News

Most Popular

India: Recovery Stalled by Vaccine Games?(The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

4 Stocks to Make Your Portfolio Immune to the Second Covid Wave(Profit Hunter)

Apr 6, 2021

Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.

A Stock with 700% Return Potential Comes with Additional Payoffs(Profit Hunter)

Apr 15, 2021

Narayana Murthy was one of the first unicorn founders to get the backing of this entity...

Why Did the Market Crash on Monday?(Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

A Unique Sector for Short-Term Profits(Fast Profits Daily)

Apr 12, 2021

This ignored sector could deliver big short-term profits.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

VOLTAS SHARE PRICE


Apr 16, 2021 (Close)

TRACK VOLTAS

COMPARE VOLTAS WITH

MARKET STATS