Saturday, February 3, 2018

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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