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VST INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Up 9.7%

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VST INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Up 9.7%
Tue, 7 May

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

VST INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m2,9993,1572,942-6.8%-1.9%
Other incomeRs m781011087.1%37.9%
TurnoverRs m3,0773,2583,050-6.4%-0.9%
ExpensesRs m2,2032,2942,131-7.1%-3.3%
Gross profitRs m796863812-6.0%1.9%
DepreciationRs m11110111210.7%0.7%
InterestRs m0000.0%0.0%
Profit before taxRs m764863808-6.4%5.8%
TaxRs m280309278-10.0%-1.0%
Profit after taxRs m483554530-4.3%9.7%
Gross profit margin%26.527.327.6
Effective tax rate%36.735.834.4
Net profit margin%15.717.017.4
* 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 1.9% on a year-on-year (YoY) basis. The expenses were down by 3.3% YoY during the same period.
  • The company's operating profit increased by 1.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.6% in 4QFY19 as against 26.5% in 4QFY18.
  • Depreciation charges increased by 0.7% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 37.9% YoY during the quarter.
  • Net profit for the quarter increased by 9.7% YoY. Net profit margins during the quarter increased from 15.7% in 4QFY18 to 17.4% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.1% QoQ during the same period.
  • The company's operating profit increased by 6.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.6% in 4QFY19 as against 27.3% in 3QFY18.
  • Net profit for the quarter declined by 4.3% QoQ, while net profit margins increased from 17.0% in 3QFY18 to 17.4% in 4QFY19.

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 3,090.0 to Rs 3,425.1, registering a Gain of Rs 335.1 or around 10.8%.

Overall, the S&P BSE SENSEX is up 9.9% over the year.

Current Valuations

At the current price of Rs 3,425.1, the price to earnings (P/E) ratio of VST INDUSTRIES stands at 23.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.1 times.

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