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VST TILLERS Announces Quarterly Results (3QFY19); Net Profit Down 67.8%

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VST TILLERS Announces Quarterly Results (3QFY19); Net Profit Down 67.8%
Fri, 15 Feb

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

VST TILLERS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,6571,4461,4601.0%-11.9%
Other incomeRs m15316066-58.8%-56.9%
TurnoverRs m1,8101,6061,526-5.0%-15.7%
ExpensesRs m1,3671,4181,326-6.5%-3.0%
Gross profitRs m29028134382.0%-53.7%
DepreciationRs m2831336.8%20.7%
InterestRs m685-33.3%-10.7%
Profit before taxRs m4101491628.3%-60.5%
TaxRs m9658615.6%-36.7%
Profit after taxRs m3149210110.0%-67.8%
Gross profit margin%17.51.99.2
Effective tax rate%23.438.537.5
Net profit margin%17.35.76.6
* 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 11.9% on a year-on-year (YoY) basis. The expenses were down by 3.0% YoY during the same period.
  • The company's operating profit declined by 53.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.2% in 3QFY19 as against 17.5% in 3QFY18.
  • Depreciation charges increased by 20.7% and finance costs declined by 10.7% YoY, respectively.
  • Other income declined by 56.9% YoY during the quarter.
  • Net profit for the quarter declined by 67.8% YoY. Net profit margins during the quarter declined from 17.3% in 3QFY18 to 6.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.5% QoQ during the same period.
  • The company's operating profit increased by 382.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.2% in 3QFY19 as against 1.9% in 2QFY18.
  • Net profit for the quarter increased by 10.0% QoQ, while net profit margins increased from 5.7% in 2QFY18 to 6.6% in 3QFY19.

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

VST TILLERS Share Price Performance

Over the last one year, VST TILLERS share price has moved up from Rs 2,657.7 to Rs 1,497.6, registering a Loss of Rs 1,160.1 or around 43.7%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 18,229.1 (down 1.4%). Over the last one year it has moved down from 25,187.9 to 18,229.1, a gain of 6,959 points (down 27.6%).

Overall, the S&P BSE SENSEX is up 4.4% over the year.

Current Valuations

At the current price of Rs 1,497.6, the price to earnings (P/E) ratio of VST TILLERS stands at 19.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.2 times.

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VST TILLERS Announces Quarterly Results (4QFY19); Net Profit Down 63.3% (Quarterly Result Update)

May 15, 2019 | Updated on May 15, 2019

For the quarter ended March 2019, VST TILLERS has posted a net profit of Rs 124 m (down 63.3% YoY). Sales on the other hand came in at Rs 2 bn (down 26.0% YoY). Read on for a complete analysis of VST TILLERS's quarterly results.

VST TILLERS Announces Quarterly Results (2QFY19); Net Profit Down 50.9% (Quarterly Result Update)

Nov 14, 2018 | Updated on Nov 14, 2018

For the quarter ended September 2018, VST TILLERS has posted a net profit of Rs 92 m (down 50.9% YoY). Sales on the other hand came in at Rs 1 bn (down 17.6% YoY). Read on for a complete analysis of VST TILLERS's quarterly results.

VST TILLERS 2017-18 Annual Report Analysis (Annual Result Update)

Aug 16, 2018 | Updated on Aug 16, 2018

Here's an analysis of the annual report of VST TILLERS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of VST TILLERS. Also includes updates on the valuation of VST TILLERS.

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