Vintage Coffee and Beverages (538920) Q4 17/18 earnings summary

Executive summary

• FY2017-18 total income was ₹3.15m and profit after tax was ₹12,942, down from ₹8.23m and ₹74,277, respectively, in FY2016-17.

• Operations were described as modest amid challenging economic conditions; management expected business to perform well and planned future diversification.

Financial highlights

• Total income was ₹3,150,620 vs ₹8,225,714 in FY2016-17; total expenses were ₹3,124,471 vs ₹8,121,643.

• Profit before tax was ₹26,149 vs ₹104,071; tax expense was ₹13,207 vs ₹29,794; profit after tax was ₹12,942 vs ₹74,277.

• Revenue from sales and other operating income was ₹3,150,620 vs ₹8,225,714; cost of products was ₹2,400,000 vs ₹7,294,640.

• No dividend was recommended; profits were to be retained to strengthen reserves and support business growth.

Outlook and guidance

• Directors expected business to perform well in the forthcoming year and said future diversification was planned.

• Management cited prospective government reforms and easing investment conditions as potential support for the Indian economy and industry sentiment.