VA TECH WABAG Announces Quarterly Results (3QFY20); Net Profit Up 133.7%

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VA TECH WABAG Announces Quarterly Results (3QFY20); Net Profit Up 133.7%
Mon, 10 Feb

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

VA TECH WABAG Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m6,6196,3616,7946.8%2.6%
Other incomeRs m55528-48.3%434.0%
TurnoverRs m6,6246,4166,8236.3%3.0%
ExpensesRs m6,1265,7476,1226.5%-0.1%
Gross profitRs m49461870514.0%42.8%
DepreciationRs m414336-16.3%-12.9%
InterestRs m1882632837.3%50.5%
Profit before taxRs m27036641413.1%53.7%
TaxRs m1491281323.5%-11.4%
Profit after taxRs m12123928318.3%133.7%
Gross profit margin%7.59.710.4
Effective tax rate%55.234.831.8
Net profit margin%1.83.74.1
* 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 grew 2.6% on a year-on-year (YoY) basis. The expenses were down by 0.1% YoY during the same period.
  • The company's operating profit increased by 42.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.4% in 3QFY20 as against 7.5% in 3QFY19.
  • Depreciation charges declined by 12.9% and finance costs increased by 50.5% YoY, respectively.
  • Other income increased by 434.0% YoY during the quarter.
  • Net profit for the quarter increased by 133.7% YoY. Net profit margins during the quarter increased from 1.8% in 3QFY19 to 4.1% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.5% QoQ during the same period.
  • The company's operating profit increased by 14.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.4% in 3QFY20 as against 9.7% in 2QFY19.
  • Net profit for the quarter increased by 18.3% QoQ, while net profit margins increased from 3.7% in 2QFY19 to 4.1% in 3QFY20.

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

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VA TECH WABAG Share Price Performance

Over the last one year,VA TECH WABAG share price has moved down from Rs 288.9 to Rs 223.5, registering a Loss of Rs 65.4 or around 22.6%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,884.1 (down 1.3%). Over the last one year it has moved up from 16,846.8 to 16,884.1, a gain of 37 points (up 0.2%).

Overall, the S&P BSE SENSEX is up 10.4% over the year.

Current Valuations

At the current price of Rs 223.5, the price to earnings (P/E) ratio of VA TECH WABAG stands at 14.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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