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

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VST INDUSTRIES Announces Quarterly Results (2QFY20); Net Profit Up 33.6%
Mon, 11 Nov

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

VST INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m3,1113,2923,230-1.9%3.8%
Other incomeRs m921181234.4%32.8%
TurnoverRs m3,2043,4103,353-1.7%4.7%
ExpensesRs m2,2092,1412,2665.8%2.6%
Gross profitRs m9023,292965-70.7%6.9%
DepreciationRs m1082,23593-95.8%-14.0%
InterestRs m0000.0%0.0%
Profit before taxRs m8871,175994-15.4%12.1%
TaxRs m315419231-44.8%-26.7%
Profit after taxRs m5717577630.8%33.6%
Gross profit margin%29.0100.029.9
Effective tax rate%35.635.623.2
Net profit margin%17.822.222.8
* 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 3.8% on a year-on-year (YoY) basis. The expenses were up by 2.6% YoY during the same period.
  • The company's operating profit increased by 6.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.9% in 2QFY20 as against 29.0% in 2QFY19.
  • Depreciation charges declined by 14.0% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 32.8% YoY during the quarter.
  • Net profit for the quarter increased by 33.6% YoY. Net profit margins during the quarter increased from 17.8% in 2QFY19 to 22.8% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.8% QoQ during the same period.
  • The company's operating profit declined by 70.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 29.9% in 2QFY20 as against 100.0% in 1QFY19.
  • Net profit for the quarter increased by 0.8% QoQ, while net profit margins increased from 22.2% in 1QFY19 to 22.8% in 2QFY20.

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

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VST INDUSTRIES Share Price Performance

Over the last one year,VST INDUSTRIES share price has moved up from Rs 3,093.2 to Rs 4,225.0, registering a Gain of Rs 1,131.9 or around 36.6%.

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

Current Valuations

At the current price of Rs 4,225.0, the price to earnings (P/E) ratio of VST INDUSTRIES stands at 25.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.8 times.

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For the quarter ended September 2020, VST INDUSTRIES has posted a net profit of Rs 885 m (up 16.0% YoY). Sales on the other hand came in at Rs 4 bn (up 22.2% YoY). Read on for a complete analysis of VST INDUSTRIES's quarterly results.

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