Vaibhav Global Q2 net profits up 44.2% at Rs70.56cr
Vaibhav Global reported growth of 23.41% in top line sales for the Sep-20 quarter at Rs598.79cr. The operating profits for the quarter ended Sep-20 was up 48.90% at Rs87.48cr while net profits were up 44.15% at Rs70.56cr due to sharply higher sales and lower costs.
This had an overall impact on the margins of Vaibhav Global. For the Sep-20 quarter, the operating profit margins or OPM was improved by 250 basis points at 14.61% on the back of favorable growth in sales revenues and costs under check. The net profit margins or NPM for the quarter was also higher by 170 basis points at 11.78%.
Financial highlights for Sep-20 compared yoy and sequentially
|Rs in Crore||Sep-20||Sep-19||YOY||Jun-20||QOQ|
|Diluted EPS (Rs)||21.33||14.97||16.16|
Key takeaways from the Sep-20 quarter results
- There had bene a marginal impact of the lockdown on the top line of Vaibhav Global but the company has brought its sales and profits back to the pre-COVID levels and even done better than that.