VA TECH WABAG Announces Quarterly Results (1QFY20); Net Profit Down 104.0%

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VA TECH WABAG Announces Quarterly Results (1QFY20); Net Profit Down 104.0%
Fri, 16 Aug

VA TECH WABAG has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

VA TECH WABAG Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m6,8796,7934,565-32.8%-33.6%
Other incomeRs m72712-56.6%81.5%
TurnoverRs m6,8856,8204,577-32.9%-33.5%
ExpensesRs m6,4676,3844,190-34.4%-35.2%
Gross profitRs m412413375-9.3%-8.8%
DepreciationRs m434235-17.1%-18.0%
InterestRs m14824027213.0%83.1%
Profit before taxRs m22715880-49.2%-64.6%
TaxRs m101-18685-15.4%
Profit after taxRs m126344-5-101.5%-104.0%
Gross profit margin%6.06.18.2
Effective tax rate%44.4-117.6106.2
Net profit margin%1.85.0-0.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 33.6% on a year-on-year (YoY) basis. The expenses were down by 35.2% YoY during the same period.
  • The company's operating profit declined by 8.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.2% in 1QFY20 as against 6.0% in 1QFY19.
  • Depreciation charges declined by 18.0% and finance costs increased by 83.1% YoY, respectively.
  • Other income increased by 81.5% YoY during the quarter.
  • Net profit for the quarter declined by 104.0% YoY. Net profit margins during the quarter declined from 1.8% in 1QFY19 to -0.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 32.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 34.4% QoQ during the same period.
  • The company's operating profit increased by 9.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.2% in 1QFY20 as against 6.1% in 4QFY19.
  • Net profit for the quarter declined by 101.5% QoQ, while net profit margins declined from 5.0% in 4QFY19 to -0.1% in 1QFY20.

To see how VA TECH WABAG has performed over the last eight quarters,please visit here.

VA TECH WABAG Share Price Performance

Over the last one year,VA TECH WABAG share price has moved down from Rs 390.7 to Rs 287.0, registering a Loss of Rs 103.7 or around 26.5%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,943.6 (up 0.0%). Over the last one year it has moved down from 17,750.1 to 16,943.6, a gain of 806 points (down 4.5%).

Overall, the S&P BSE SENSEX is down 1.4% over the year.

Current Valuations

At the current price of Rs 287.0, the price to earnings (P/E) ratio of VA TECH WABAG stands at 20.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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