VST INDUSTRIES Announces Quarterly Results (4QFY20); Net Profit Up 33.2%

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VST INDUSTRIES Announces Quarterly Results (4QFY20); Net Profit Up 33.2%
Wed, 27 May

VST INDUSTRIES has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

VST INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m2,9423,6853,497-5.1%18.8%
Other incomeRs m10811112311.0%13.9%
TurnoverRs m3,0503,7953,620-4.6%18.7%
ExpensesRs m2,1312,6012,550-2.0%19.7%
Gross profitRs m8121,084947-12.6%16.7%
DepreciationRs m11210312925.2%15.2%
InterestRs m0000.0%0.0%
Profit before taxRs m8081,092941-13.8%16.5%
TaxRs m278277235-15.0%-15.2%
Profit after taxRs m530815706-13.3%33.2%
Gross profit margin%27.629.427.1
Effective tax rate%34.425.425.0
Net profit margin%17.421.519.5
* 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 18.8% on a year-on-year (YoY) basis. The expenses were up by 19.7% YoY during the same period.
  • The company's operating profit increased by 16.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.1% in 4QFY20 as against 27.6% in 4QFY19.
  • Depreciation charges increased by 15.2% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 13.9% YoY during the quarter.
  • Net profit for the quarter increased by 33.2% YoY. Net profit margins during the quarter increased from 17.4% in 4QFY19 to 19.5% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.0% QoQ during the same period.
  • The company's operating profit declined by 12.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.1% in 4QFY20 as against 29.4% in 3QFY19.
  • Net profit for the quarter declined by 13.3% QoQ, while net profit margins declined from 21.5% in 3QFY19 to 19.5% in 4QFY20.

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 down from Rs 3,478.1 to Rs 3,089.9, registering a Loss of Rs 388.2 or around 11.2%.

Overall, the S&P BSE SENSEX is down 22.2% over the year.

Current Valuations

At the current price of Rs 3,089.9, the price to earnings (P/E) ratio of VST INDUSTRIES stands at 15.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.2 times.

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Related Views on News

VST INDUSTRIES Announces Quarterly Results (2QFY21); Net Profit Up 16.0% (Quarterly Result Update)

Oct 28, 2020 | Updated on Oct 28, 2020

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.

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.

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