Vesuvius India Limited: Result Update Q3fy19
Vesuvius India Limited has posted its Q3 FY 2018-19 numbers today during the market timing. The Company has reported a net profit of INR 20.18 Cr, a dip of 5.39% YoY and 22.17% QoQ basis.
For the quarter ended 31st December 2018, the company has reported net revenue of INR 223.64 Cr which was INR 229.02 Cr for the previous quarter last year, a dip of 2.35 percent YoY basis. Revenues for the last quarter stood at INR 238.38 Cr, again a dip of 6.18 percent QoQ basis.
The Company has reported a net income of INR 230.36 Cr, decreased by 1.16 percent YoY basis and 5.67 percent QoQ basis.
Total expenses for the quarter ended December 2018 stood at INR 198.68 CR, increased by 1.17 percent year-on-year basis and decreased by 2.80 percent quarter-on-quarter basis.
The Company has reported a net profit (PAT) of INR 20.18 Cr for the Q3 FY 2018-19 as against INR 21.33 CR same period last year, decreased by 5.39 percent YoY, while the QoQ profit decreased by 22.17 percent.
The primary reason for a hefty fall in QoQ profit is because of higher input costs which rose by more than 8 percent during the quarter.
The Basic and diluted earning per share (EPS) stood at 9.94 for the period ended 31st December 2018.
About Vesuvius India
Vesuvius India Limited is a subsidiary of Vesuvius Group Limited, U.K. and was one of the earliest to be given approval by the Central Government under the liberalised industrial policy of 1991.
History: Originally incorporated as Vesuvius Refractories in 1991, the name was subsequently changed to Vesuvius India Limited in November 1992. The company was promoted by the Vesuvius group (UK) which currently holds 55.57% stake in the company, in association with Biswadip Gupta.
Business & Products: The Company is engaged in the manufacture of specialised ceramics required in the continuous casting process of steel making. The products manufactured are shrouds, monoblock stoppers, submerged nozzles, and tundish nozzles.
Factories: At present, the company has 4 factories –
- One factory at Kolkata, (the factory manufactures Continuous Casting Refractories including slide gate equipment and porous plugs)
- One factory at Mehsana, (the factory manufactures crucibles for the non-ferrous industry)
- Two factories at Visakhapatnam (the factories manufacture monolithics, pre-cast shapes, and taphole clay)
- One manufacturing arrangement at Salem (it supplies basic monolithics for tundish application)
Stock Price Movement
The stock ended 2.06% or Rs. 23.40 higher to INR 1161.65 on NSE when the market closed on Wednesday! During October to December 2018 quarter, the share prices of Vesuvius India Limited has made a low of INR 971 and high of INR 1240
Vesuvius India on Technical Charts
Vesuvius India ltd share price is trading 1.86% lower when compared to its 200 EMA (1182) and trading 1% higher when compared to its 50 EMA (1152)
Average Return
The stock has given -5.61% returns over the past 6 months and -14.82% returns over the last 12 months.
Vesuvius India current market cap is more than INR 2300 Cr and trading at a PE ratio of 25
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