VENKYS (I) LIMITED Announces Quarterly Results (4QFY19); Net Profit Down 41.5%

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VENKYS (I) LIMITED Announces Quarterly Results (4QFY19); Net Profit Down 41.5%
Mon, 13 May

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

VENKYS (I) LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m7,4168,1208,2872.1%11.8%
Other incomeRs m86839716.5%12.6%
TurnoverRs m7,5028,2038,3842.2%11.8%
ExpensesRs m6,4147,0057,70810.0%20.2%
Gross profitRs m1,0021,115580-48.0%-42.2%
DepreciationRs m7073775.2%9.5%
InterestRs m111597629.6%-31.1%
Profit before taxRs m9071,066523-50.9%-42.3%
TaxRs m395389224-42.5%-43.3%
Profit after taxRs m512677299-55.8%-41.5%
Gross profit margin%13.513.77.0
Effective tax rate%43.636.542.8
Net profit margin%6.88.23.6
* 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 grew 11.8% on a year-on-year (YoY) basis. The expenses were up by 20.2% YoY during the same period.
  • The company's operating profit declined by 42.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.0% in 4QFY19 as against 13.5% in 4QFY18.
  • Depreciation charges increased by 9.5% and finance costs declined by 31.1% YoY, respectively.
  • Other income increased by 12.6% YoY during the quarter.
  • Net profit for the quarter declined by 41.5% YoY. Net profit margins during the quarter declined from 6.8% in 4QFY18 to 3.6% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.0% QoQ during the same period.
  • The company's operating profit declined by 48.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.0% in 4QFY19 as against 13.7% in 3QFY18.
  • Net profit for the quarter declined by 55.8% QoQ, while net profit margins declined from 8.3% in 3QFY18 to 3.6% in 4QFY19.

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 3,507.2 to Rs 1,765.3, registering a Loss of Rs 1,741.9 or around 49.7%.

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 1,765.3, the price to earnings (P/E) ratio of VENKYS (I) LIMITED stands at 14.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.5 times.

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