VENKYS (I) LIMITED Announces Quarterly Results (2QFY19); Net Profit Down 79.8%

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VENKYS (I) LIMITED Announces Quarterly Results (2QFY19); Net Profit Down 79.8%
Mon, 12 Nov

VENKYS (I) LIMITED has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

VENKYS (I) LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m5,8797,5626,462-14.5%9.9%
Other incomeRs m566348-24.0%-15.5%
TurnoverRs m5,9357,6256,510-14.6%9.7%
ExpensesRs m5,3216,3716,263-1.7%17.7%
Gross profitRs m5581,191199-83.3%-64.3%
DepreciationRs m7071732.7%3.6%
InterestRs m1119586-10.2%-22.7%
Profit before taxRs m4341,08788-91.9%-79.6%
TaxRs m16237734-91.1%-79.3%
Profit after taxRs m27171155-92.3%-79.8%
Gross profit margin%9.515.73.1
Effective tax rate%37.434.738.0
Net profit margin%4.69.30.8
* 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 9.9% on a year-on-year (YoY) basis. The expenses were up by 17.7% YoY during the same period.
  • The company's operating profit declined by 64.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.1% in 2QFY19 as against 9.5% in 2QFY18.
  • Depreciation charges increased by 3.6% and finance costs declined by 22.7% YoY, respectively.
  • Other income declined by 15.5% YoY during the quarter.
  • Net profit for the quarter declined by 79.8% YoY. Net profit margins during the quarter declined from 4.6% in 2QFY18 to 0.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 14.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.7% QoQ during the same period.
  • The company's operating profit declined by 83.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.1% in 2QFY19 as against 15.7% in 1QFY18.
  • Net profit for the quarter declined by 92.3% QoQ, while net profit margins declined from 9.3% in 1QFY18 to 0.8% in 2QFY19.

To see how VENKYS (I) LIMITED has performed over the last eight quarters, please visit here.

VENKYS (I) LIMITED Share Price Performance

Over the last one year, VENKYS (I) LIMITED share price has moved up from Rs 2,292.9 to Rs 2,392.8, registering a Gain of Rs 99.9 or around 4.4%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 2,392.8, the price to earnings (P/E) ratio of VENKYS (I) LIMITED stands at 17.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.7 times.

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