V2 Retail Ltd - Results for Q3 FY 2017-18 - Q E DECEMBER 2017

V2 Retail Ltd

Results for Q3 FY 2017-18

Q E DECEMBER 2017

V2 RETAIL ltd has produced excellent results for the third quarter ending December 2017. In the Q3 FY 2016-17, there was an Exceptional Item of Rs.23.31 Crores, which increased the PBT to Rs.34.04 Cr. 

If this amount is removed, the improvement in the Net profit is from  Rs.10.07 cr to Rs.13.67 YoY. 

QoQ anyway, there is a huge improvement of 174 percent. 

Thus, the results  are reasonably impressive and reflect the progress the company is making quarter after quarter. The future seems to hold great promise for most well managed Retail companies.

Looking at the pace of growth of these companies, the current PE almost seems to be not a measure to be looked at all. This PE comes down drastically every quarter.

V2 RETAIL	Dec'17	Sep '17	Jun '17	Mar '17	Dec '16	YOY	QOQ
Net Sales	152.35	137.55	142.26	107.2	152.81	-0.3	10.76
Other Operating Income	0.93	0.37	--	--	0.54	72.22	151.35
Total Income	153.28	137.55	142.26	107.2	152.81	0.31	11.44
EXPENDITURE
Traded Goods	75.2	106.86	108.86	86.34	85.57	-12.12	-29.63
Increase in Stocks	23.29	-12.23	-11.14	-8.89	19.03	22.39	-290.43
Employees Cost	12.38	11.33	10.5	9.07	8.9	39.1	9.27
Depreciation	2.16	2	1.86	1.76	1.82	18.68	8
Other Expenses	18.78	21.6	18.67	18.01	21.97	-14.52	-13.06
P.B Other Inc. , Int., Excpt. Items & Tax	21.4	8	13.5	0.92	15.52	37.89	167.5
Other Income		0.37	0.51	0.21	0.5	-100	-100
Interest		0.26	0.26	0.47	1.52	-100	-100
P.B. Exceptional Items & Tax	21.4	8.1	13.76	0.66	14.51	47.48	164.2
Exceptional Items		--	--	--	23.31
P.B.T.	21.4	8.1	13.76	0.66	34.04	-37.13	164.2
Tax	7.73	3.11	5.07	2.42	4.44	74.1	148.55
Net Profit	13.67	4.99	8.68	-1.75	34.04	-59.84	173.95
Equity	33.92	30.92	30.92	30.92	28.89	17.41	9.7
Basic EPS	4.3	1.61	2.81	-0.66	11.86	-63.74	167.08
Diluted EPS	4.29	1.56	2.7	-0.66	10.73	-60.02	175
MP	403
PE	23.48
VOLUME	232835	AT NSE

Note : This is not a recommendation for BUY / HOLD / SELL

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