VENUS REMEDIES Announces Quarterly Results (2QFY19); Net Profit Down 16.3%

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VENUS REMEDIES Announces Quarterly Results (2QFY19); Net Profit Down 16.3%
Fri, 23 Nov

VENUS REMEDIES has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

VENUS REMEDIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m90565580923.5%-10.6%
Other incomeRs m1212640.0%862.6%
TurnoverRs m90665782125.0%-9.4%
ExpensesRs m73555464416.2%-12.4%
Gross profitRs m17110116562.8%-3.2%
DepreciationRs m7582830.7%9.7%
InterestRs m87779119.3%4.9%
Profit before taxRs m10-563-68.0%
TaxRs m00-50.0%0.0%
Profit after taxRs m10-568-16.3%
Gross profit margin%18.815.520.4
Effective tax rate%0.00.0-161.6
Net profit margin%1.1-8.51.0
* 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 10.6% on a year-on-year (YoY) basis. The expenses were down by 12.4% YoY during the same period.
  • The company's operating profit declined by 3.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.4% in 2QFY19 as against 18.8% in 2QFY18.
  • Depreciation charges increased by 9.7% and finance costs increased by 4.9% YoY, respectively.
  • Other income increased by 862.6% YoY during the quarter.
  • Net profit for the quarter declined by 16.3% YoY. Net profit margins during the quarter declined from 1.1% in 2QFY18 to 1.0% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 23.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.2% QoQ during the same period.
  • The company's operating profit increased by 62.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.4% in 2QFY19 as against 15.5% in 1QFY18.
  • Net profit for the quarter increased by 114.4% QoQ, while net profit margins increased from -8.5% in 1QFY18 to 1.0% in 2QFY19.

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

VENUS REMEDIES Share Price Performance

Over the last one year, VENUS REMEDIES share price has moved up from Rs 102.6 to Rs 60.8, registering a Loss of Rs 41.8 or around 40.7%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,303.0 (down 0.6%). Over the last one year it has moved up from 13,976.3 to 14,303.0, a gain of 327 points (up 2.3%).

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 60.8, the price to book value (P/BV) ratio of VENUS REMEDIES stands at 0.2 times.

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