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

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VST TILLERS Announces Quarterly Results (4QFY19); Net Profit Down 63.3%
Wed, 15 May

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

VST TILLERS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m2,4161,4601,78722.4%-26.0%
Other incomeRs m9466139110.5%48.1%
TurnoverRs m2,5101,5261,92626.2%-23.3%
ExpensesRs m1,9991,3261,67426.2%-16.3%
Gross profitRs m417134113-15.4%-72.8%
DepreciationRs m27336594.9%139.6%
InterestRs m053-42.0%0.0%
Profit before taxRs m48416218514.1%-61.8%
TaxRs m14761610.2%-58.5%
Profit after taxRs m33710112422.5%-63.3%
Gross profit margin%17.39.26.3
Effective tax rate%30.337.532.9
Net profit margin%13.46.66.4
* 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 26.0% on a year-on-year (YoY) basis. The expenses were down by 16.3% YoY during the same period.
  • The company's operating profit declined by 72.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.3% in 4QFY19 as against 17.3% in 4QFY18.
  • Depreciation charges increased by 139.6% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 48.1% YoY during the quarter.
  • Net profit for the quarter declined by 63.3% YoY. Net profit margins during the quarter declined from 13.4% in 4QFY18 to 6.4% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 22.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 26.2% QoQ during the same period.
  • The company's operating profit declined by 15.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.3% in 4QFY19 as against 9.2% in 3QFY18.
  • Net profit for the quarter increased by 22.5% QoQ, while net profit margins declined from 6.6% in 3QFY18 to 6.4% in 4QFY19.

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 2,950.0 to Rs 1,137.7, registering a Loss of Rs 1,812.4 or around 61.4%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 18,070.1 (up 0.7%). Over the last one year it has moved down from 24,866.9 to 18,070.1, a gain of 6,797 points (down 27.3%).

Overall, the S&P BSE SENSEX is up 5.6% over the year.

Current Valuations

At the current price of Rs 1,137.7, the price to earnings (P/E) ratio of VST TILLERS stands at 21.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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For the quarter ended June 2019, VST TILLERS has posted a net profit of Rs 116 m (down 19.7% YoY). Sales on the other hand came in at Rs 1 bn (down 4.0% YoY). Read on for a complete analysis of VST TILLERS's quarterly results.

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

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For the quarter ended December 2018, VST TILLERS has posted a net profit of Rs 101 m (down 67.8% YoY). Sales on the other hand came in at Rs 1 bn (down 11.9% YoY). Read on for a complete analysis of VST TILLERS's quarterly results.

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