VST INDUSTRIES Announces Quarterly Results (1QFY19); Net Profit Up 53.9%

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VST INDUSTRIES Announces Quarterly Results (1QFY19); Net Profit Up 53.9%
Thu, 26 Jul

VST INDUSTRIES has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

VST INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m5,6222,9992,631-12.3%-53.2%
Other incomeRs m577875-4.3%31.0%
TurnoverRs m5,6803,0772,705-12.1%-52.4%
ExpensesRs m4,9692,2031,663-24.5%-66.5%
Gross profitRs m65379696821.6%48.2%
DepreciationRs m9411193-15.9%-0.4%
InterestRs m0000.0%0.0%
Profit before taxRs m61776495024.3%54.0%
TaxRs m21928033720.2%54.1%
Profit after taxRs m39848361226.7%53.9%
Gross profit margin%11.626.536.8
Effective tax rate%35.536.735.5
Net profit margin%7.015.722.6
* 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 53.2% on a year-on-year (YoY) basis. The expenses were down by 66.5% YoY during the same period.
  • The company's operating profit increased by 48.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.8% in 1QFY19 as against 11.6% in 1QFY18.
  • Depreciation charges and finance costs declined by 0.4% YoY and 0.0% YoY, respectively.
  • Other income increased by 31.0% YoY during the quarter.
  • Net profit for the quarter increased by 53.9% YoY. Net profit margins during the quarter increased from 7.0% in 1QFY18 to 22.6% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 24.5% QoQ during the same period.
  • The company's operating profit increased by 21.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.8% in 1QFY19 as against 26.5% in 4QFY18.
  • Net profit for the quarter increased by 26.7% QoQ, while net profit margins increased from 15.7% in 4QFY18 to 22.6% in 1QFY19.

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

VST INDUSTRIES Share Price Performance

Over the last one year, VST INDUSTRIES share price has moved up from Rs 3,194.3 to Rs 2,867.0, registering a Loss of Rs 327.3 or around 10.2%.

Overall, the S&P BSE SENSEX is up 0.3% over the year.

Current Valuations

At the current price of Rs 2,867.0, the price to earnings (P/E) ratio of VST INDUSTRIES stands at 21.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.2 times.

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For the quarter ended September 2019, VST INDUSTRIES has posted a net profit of Rs 763 m (up 33.6% YoY). Sales on the other hand came in at Rs 3 bn (up 3.8% YoY). Read on for a complete analysis of VST INDUSTRIES's quarterly results.

VST INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Up 23.6% (Quarterly Result Update)

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