Vintage Coffee and Beverages (538920) Q4 15/16 earnings summary

Executive summary

• FY16 total income was ₹2.40m and profit after tax was ₹494, reflecting a modest operating year and sharply lower earnings YoY.

• Management expected business to perform well in FY17 and planned future diversification.

Financial highlights

• Total income ₹2.40m vs ₹2.57m in FY15; total expenses ₹2.35m vs ₹2.51m.

• PBT ₹53,490 vs ₹57,074; tax expense ₹52,996 vs ₹17,582; PAT ₹494 vs ₹39,492.

• Revenue from operations was ₹2.40m, entirely reported as sales; management described turnover as increasing, while profit volume declined slightly.

• Operating cash flow was negative ₹931,629; closing cash and cash equivalents were ₹189,644, down from ₹1.12m at FY15 close.

Outlook and guidance

• Directors described the prior year as modest despite challenging economic conditions and expected business to perform well in the forthcoming year.

• Future plans included diversifying the business; outlook commentary cited anticipated reforms, investment liberalisation and FDI inflows as potential macroeconomic supports.