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

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VST INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Up 23.6%
Mon, 29 Jul

VST INDUSTRIES has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

VST INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m2,6312,9423,29211.9%25.2%
Other incomeRs m751081189.0%57.1%
TurnoverRs m2,7053,0503,41011.8%26.0%
ExpensesRs m1,6632,1312,1410.5%28.8%
Gross profitRs m9688123,292305.7%240.2%
DepreciationRs m931122,2351904.0%2300.1%
InterestRs m0000.0%0.0%
Profit before taxRs m9508081,17545.5%23.8%
TaxRs m33727841950.8%24.2%
Profit after taxRs m61253075742.7%23.6%
Gross profit margin%36.827.6100.0
Effective tax rate%35.534.435.6
Net profit margin%22.617.422.2
* 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 25.2% on a year-on-year (YoY) basis. The expenses were up by 28.8% YoY during the same period.
  • The company's operating profit increased by 240.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 100.0% in 1QFY20 as against 36.8% in 1QFY19.
  • Depreciation charges increased by 2300.1% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 57.1% YoY during the quarter.
  • Net profit for the quarter increased by 23.6% YoY. Net profit margins during the quarter declined from 22.6% in 1QFY19 to 22.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.5% QoQ during the same period.
  • The company's operating profit increased by 305.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 100.0% in 1QFY20 as against 27.6% in 4QFY19.
  • Net profit for the quarter increased by 42.7% QoQ, while net profit margins increased from 17.4% in 4QFY19 to 22.2% in 1QFY20.

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 2,829.4 to Rs 3,385.0, registering a Gain of Rs 555.7 or around 19.6%.

Overall, the S&P BSE SENSEX is up 2.3% over the year.

Current Valuations

At the current price of Rs 3,385.0, the price to earnings (P/E) ratio of VST INDUSTRIES stands at 21.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.0 times.

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Related Views on News

VST INDUSTRIES Announces Quarterly Results (2QFY20); Net Profit Up 33.6% (Quarterly Result Update)

Nov 11, 2019 | Updated on Nov 11, 2019

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 (4QFY19); Net Profit Up 9.7% (Quarterly Result Update)

May 7, 2019 | Updated on May 7, 2019

For the quarter ended March 2019, VST INDUSTRIES has posted a net profit of Rs 530 m (up 9.7% YoY). Sales on the other hand came in at Rs 3 bn (down 1.9% YoY). Read on for a complete analysis of VST INDUSTRIES's quarterly results.

VST INDUSTRIES 2017-18 Annual Report Analysis (Annual Result Update)

Sep 18, 2018 | Updated on Sep 18, 2018

Here's an analysis of the annual report of VST INDUSTRIES for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of VST INDUSTRIES. Also includes updates on the valuation of VST INDUSTRIES.

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