V2 RETAIL LTD - RESULTS FOR Q3 FY2017-18 - DECEMBER 2017

V2 RETAIL LTD

RESULTS FOR Q3 FY2017-18

DECEMBER 2017

V2 Retail has announced Good Results for Q3 FY 2017-18 o  a sequential basis and a somewhat FLAT results on YoY basis. However, the future of V2 Retail continues to be attractive, as the company is expanding its stores very fast.

The latest News from V 2 Retail indicate that -

15.01.2018 : V2 Reail will reach 100 stores by March 2019; and

12.12.2017  : V2 Retail will close FY 18 around Rs.600 crores

 

In Dec'16, there was an exceptional Item of Rs.23.31 Cr which had boosted its NET PROFIT for Q3 FY 17. 

 

Before considering this EXCEPTIONAL ITEM for Q3 FY 17, the Profit for Q3 FY 18 was Rs.21.4 cr against the profit of Rs.14.51 for Q3 FY 17. 

 

Thus, the bottom line comparison without the exceptional item is quite favourable in respect of Q3 FY 18. The expansion of stores and the profit margins are reasonably good for V2 retail - to secure its future.

  

The results are as under :

V2 RETAIL	Dec '17	Sep '17	Dec '16	YOY	QOQ
Net Sales	152.35	137.55	152.81	-0.3	10.76
EXPENDITURE
Purchase of Traded Goods	75.2	106.86	85.57	-12.12	-29.63
Increase in Stocks	23.3	-12.23	19.03	22.44	-290.52
Employees Cost	12.38	11.33	8.9	39.1	9.27
Depreciation	2.16	2	1.82	18.68	8
Other Expenses	18.78	21.6	21.97	-14.52	-13.06
P/L Before Other Inc. , Int., Excpt. Items & Tax	20.52	8	15.52	32.22	156.5
Other Income	0.93	0.37	0.5	86	151.35
P/L Before Int., Excpt. Items & Tax	21.45	8.36	16.02	33.9	156.58
Interest	0.05	0.26	1.52	-96.71	-80.77
P/L Before Exceptional Items & Tax	21.4	8.1	14.51	47.48	164.2
Exceptional Items	--	--	23.31
P B T	21.4	8.1	37.82	-43.42	164.2
Tax	7.73	3.11	4.44	74.1	148.55
Net Profit	13.67	4.99	33.38	-59.05	173.95
Equity	33.92	30.92	28.89	17.41	9.7
EPS Before Extra Ordinary
Basic EPS	4.3	1.61	4.08	5.39	167.08
Diluted EPS	4.29	1.56	3.63	18.18	175
EPS After Extra Ordinary
Basic EPS	4.3	1.61	13.52	-68.2	167.08
Diluted EPS	4.29	1.56	12.04	-64.37	175
MP	393
PE	22.90
VOLUME	86,652	ON NSE

Note : This does not constitute a Buy / Sell / Hold recommendation

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