VENKYS (I) LIMITED Announces Quarterly Results (3QFY20); Net Profit Down 108.7%

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VENKYS (I) LIMITED Announces Quarterly Results (3QFY20); Net Profit Down 108.7%
Tue, 11 Feb

VENKYS (I) LIMITED has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

VENKYS (I) LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m8,1208,1478,8028.0%8.4%
Other incomeRs m839392-1.7%10.2%
TurnoverRs m8,2038,2408,8947.9%8.4%
ExpensesRs m7,0058,1718,8298.1%26.0%
Gross profitRs m1,115-25-27-102.4%
DepreciationRs m7380800.3%9.2%
InterestRs m5963699.6%17.2%
Profit before taxRs m1,066-74-84-107.9%
TaxRs m389-210-26-106.6%
Profit after taxRs m677136-59-143.1%-108.7%
Gross profit margin%13.7-0.3-0.3
Effective tax rate%36.5284.430.4
Net profit margin%8.21.6-0.7
* 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 8.4% on a year-on-year (YoY) basis. The expenses were up by 26.0% YoY during the same period.
  • The company's operating profit declined by 102.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.3% in 3QFY20 as against 13.7% in 3QFY19.
  • Depreciation charges increased by 9.2% and finance costs increased by 17.2% YoY, respectively.
  • Other income increased by 10.2% YoY during the quarter.
  • Net profit for the quarter declined by 108.7% YoY. Net profit margins during the quarter declined from 8.2% in 3QFY19 to -0.7% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.1% QoQ during the same period.
  • The company's operating profit increased by 11.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.3% in 3QFY20 as against 0.3% in 2QFY19.
  • Net profit for the quarter declined by 143.1% QoQ, while net profit margins declined from 1.7% in 2QFY19 to -0.7% in 3QFY20.

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

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VENKYS (I) LIMITED Share Price Performance

Over the last one year,VENKYS (I) LIMITED share price has moved down from Rs 2,138.5 to Rs 1,420.8, registering a Loss of Rs 717.7 or around 33.6%.

Overall, the S&P BSE SENSEX is up 13.7% over the year.

Current Valuations

At the current price of Rs 1,420.8, the price to earnings (P/E) ratio of VENKYS (I) LIMITED stands at 20.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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