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Vakrangee's Q4FY16 consolidated net profit rises 8% qoq to Rs.110.79 crore : Beats Estimates

The company’s consolidated revenue stood at Rs. 879.95 crore, up 7.46% qoq and 25.93% yoy.

May 11, 2016 5:53 IST | India Infoline News Service
Vakrangee
Vakrangee, country's  largest network of last-mile retail points-of-sale, reported consolidated net profit of Rs. 110.79 crore for the quarter ended March 31, 2016, registering growth of 7.73% qoq and 45.31% yoy. The company’s revenue stood at Rs. 879.95 crore, clocking growth of 7.46% qoq and 25.93% yoy.

It's consolidated operating profit of Rs. 218.05 crore for the quarter, grew 2.87% qoq and 13.21% yoy. Operating profit margin for the current quarter at 24.78% contracted by 111 bps qoq and 278 bps yoy.

For the year ended March 31, 2016, the company reported consolidated net profit of Rs. 394.75 crore, up by 22.65% yoy. It's consolidated revenue for the current period stood at Rs. 3,190.73 crore, registering growth of 14.75% yoy.

Operating margin for the current period at 25.55% contracted by 46 bps yoy.

On standalone basis, the company reported net profit of Rs. 110.64 crore for the quarter ended March 31, 2016, registering growth of 9.45% qoq and 46.78% yoy. It’s revenue stood at Rs. 872.80 crore, clocking growth of 7.62% qoq and 25.48% yoy.

Vakrangee Ltd's operating profit of Rs. 215.64 crore for the quarter, grew 3.2% qoq and 13.04% yoy. Operating profit margin for the current quarter at 24.71% contracted by 106 bps qoq and 271 bps yoy.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 391.47 crore, up by 22.12% yoy. It's standalone revenue for the current period stood at Rs. 3,168.61 crore, registering growth of 14.17% yoy.

Vakrangee Ltd's core operating profit for the current period stood at Rs. 811.79 crore, increasing by 13.09% yoy. Operating margin for the current period at 25.42% contracted by 44 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Consolidated Revenue 879.95 868 1.38
Consolidated Net Profit 110.79 105 5.51

Consolidated EPS for the quarter stood at Rs. 2.10.

Stock Commentary:

Vakrangee Ltd ended at Rs. 184.85, down by 5.4 points or 2.84% from its previous closing of Rs. 190.25 on the BSE.

The scrip opened at Rs. 191.8 and touched a high and low of Rs. 192.4 and Rs. 183.8 respectively. A total of 4189325(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 10067.96 crore.

The BSE group 'A' stock of face value Rs. 1 touched a 52 week high of Rs. 228.9 on 09-Mar-2016 and a 52 week low of Rs. 86.55 on 03-Jun-2015. Last one week high and low of the scrip stood at Rs. 197 and Rs. 189.5 respectively.

The promoters holding in the company stood at 41.61 % while Institutions and Non-Institutions held 13.82 % and 44.58 % respectively.

The stock traded above its 50 DMA.


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