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VST INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Up 29.8%

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VST INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Up 29.8%
Tue, 6 Nov

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

VST INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m2,3952,6313,11118.3%29.9%
Other incomeRs m48759223.5%92.1%
TurnoverRs m2,4432,7053,20418.4%31.1%
ExpensesRs m1,6951,6632,20932.8%30.3%
Gross profitRs m700968902-6.8%28.9%
DepreciationRs m949310816.2%15.4%
InterestRs m0000.0%0.0%
Profit before taxRs m654950887-6.6%35.5%
TaxRs m214337315-6.5%47.2%
Profit after taxRs m440612571-6.7%29.8%
Gross profit margin%29.236.829.0
Effective tax rate%32.735.535.6
Net profit margin%18.022.617.8
* 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 29.9% on a year-on-year (YoY) basis. The expenses were up by 30.3% YoY during the same period.
  • The company's operating profit increased by 28.9% YoY during the quarter. Consequently, operating profit margins remained same and stood at 29.0% in 2QFY19.
  • Depreciation charges increased by 15.4% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 92.1% YoY during the quarter.
  • Net profit for the quarter increased by 29.8% YoY. Net profit margins during the quarter declined from 18.0% in 2QFY18 to 17.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 32.8% QoQ during the same period.
  • The company's operating profit declined by 6.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 29.0% in 2QFY19 as against 36.8% in 1QFY18.
  • Net profit for the quarter declined by 6.7% QoQ, while net profit margins declined from 22.6% in 1QFY18 to 17.8% in 2QFY19.

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 3,362.0 to Rs 3,154.8, registering a Loss of Rs 207.3 or around 6.2%.

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 3,154.8, the price to earnings (P/E) ratio of VST INDUSTRIES stands at 22.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.4 times.

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