VST INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Up 11.4%

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VST INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Up 11.4%
Fri, 25 Jan

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

VST INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,5703,1113,1571.5%22.9%
Other incomeRs m55921019.0%84.4%
TurnoverRs m2,6243,2043,2581.7%24.1%
ExpensesRs m1,7712,2092,2943.9%29.6%
Gross profitRs m799902863-4.4%8.0%
DepreciationRs m94108101-6.9%7.6%
InterestRs m0000.0%0.0%
Profit before taxRs m760887863-2.7%13.6%
TaxRs m262315309-2.1%17.7%
Profit after taxRs m498571554-3.0%11.4%
Gross profit margin%31.129.027.3
Effective tax rate%34.535.635.8
Net profit margin%19.017.817.0
* 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 grew 22.9% on a year-on-year (YoY) basis. The expenses were up by 29.6% YoY during the same period.
  • The company's operating profit increased by 8.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.3% in 3QFY19 as against 31.1% in 3QFY18.
  • Depreciation charges increased by 7.6% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 84.4% YoY during the quarter.
  • Net profit for the quarter increased by 11.4% YoY. Net profit margins during the quarter declined from 19.0% in 3QFY18 to 17.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.9% QoQ during the same period.
  • The company's operating profit declined by 4.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.3% in 3QFY19 as against 29.0% in 2QFY18.
  • Net profit for the quarter declined by 3.0% QoQ, while net profit margins declined from 17.8% in 2QFY18 to 17.0% in 3QFY19.

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 3,327.9 to Rs 3,200.0, registering a Loss of Rs 127.9 or around 3.8%.

Overall, the S&P BSE SENSEX is up 0.6% over the year.

Current Valuations

At the current price of Rs 3,200.0, the price to earnings (P/E) ratio of VST INDUSTRIES stands at 22.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.5 times.

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