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VA TECH WABAG Announces Quarterly Results (4QFY19); Net Profit Down 44.9%

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VA TECH WABAG Announces Quarterly Results (4QFY19); Net Profit Down 44.9%
Fri, 24 May

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

VA TECH WABAG Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m10,3756,6196,7932.6%-34.5%
Other incomeRs m26527413.2%3.8%
TurnoverRs m10,4016,6246,8202.9%-34.4%
ExpensesRs m9,4276,1266,3844.2%-32.3%
Gross profitRs m948494413-16.2%-56.4%
DepreciationRs m4541422.4%-6.8%
InterestRs m15818824027.8%51.7%
Profit before taxRs m770270158-41.3%-79.5%
TaxRs m145149-186-225.1%-228.1%
Profit after taxRs m625121344184.8%-44.9%
Gross profit margin%9.17.56.1
Effective tax rate%18.955.2-117.6
Net profit margin%6.01.85.0
* 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 34.5% on a year-on-year (YoY) basis. The expenses were down by 32.3% YoY during the same period.
  • The company's operating profit declined by 56.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.1% in 4QFY19 as against 9.1% in 4QFY18.
  • Depreciation charges declined by 6.8% and finance costs increased by 51.7% YoY, respectively.
  • Other income increased by 3.8% YoY during the quarter.
  • Net profit for the quarter declined by 44.9% YoY. Net profit margins during the quarter declined from 6.0% in 4QFY18 to 5.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.2% QoQ during the same period.
  • The company's operating profit declined by 16.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.1% in 4QFY19 as against 7.5% in 3QFY18.
  • Net profit for the quarter increased by 184.8% QoQ, while net profit margins increased from 1.8% in 3QFY18 to 5.0% in 4QFY19.

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 up from Rs 448.1 to Rs 300.3, registering a Loss of Rs 147.8 or around 33.0%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 19,316.3 (up 2.1%). Over the last one year it has moved up from 18,484.5 to 19,316.3, a gain of 832 points (up 4.5%).

Overall, the S&P BSE SENSEX is up 13.2% over the year.

Current Valuations

At the current price of Rs 300.3, the price to earnings (P/E) ratio of VA TECH WABAG stands at 18.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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VA TECH WABAG Announces Quarterly Results (3QFY19); Net Profit Down 65.6% (Quarterly Result Update)

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For the quarter ended December 2018, VA TECH WABAG has posted a net profit of Rs 121 m (down 65.6% YoY). Sales on the other hand came in at Rs 7 bn (down 23.5% YoY). Read on for a complete analysis of VA TECH WABAG's quarterly results.

VA TECH WABAG Announces Quarterly Results (2QFY19); Net Profit Down 22.9% (Quarterly Result Update)

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