WABCO INDIA Announces Quarterly Results (1QFY20); Net Profit Down 90.2%

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WABCO INDIA Announces Quarterly Results (1QFY20); Net Profit Down 90.2%
Wed, 21 Aug

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

WABCO INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m7,4736,6292,176-67.2%-70.9%
Other incomeRs m25113281-39.0%-67.8%
TurnoverRs m7,7246,7612,257-66.6%-70.8%
ExpensesRs m6,4765,7752,028-64.9%-68.7%
Gross profitRs m997854149-82.6%-85.1%
DepreciationRs m16120764-69.2%-60.5%
InterestRs m00570.0%0.0%
Profit before taxRs m1,087779109-86.0%-90.0%
TaxRs m33925836-86.2%-89.5%
Profit after taxRs m74852173-85.9%-90.2%
Gross profit margin%13.312.96.8
Effective tax rate%31.233.132.8
Net profit margin%9.77.73.2
* 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 70.9% on a year-on-year (YoY) basis. The expenses were down by 68.7% YoY during the same period.
  • The company's operating profit declined by 85.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.8% in 1QFY20 as against 13.3% in 1QFY19.
  • Depreciation charges declined by 60.5% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 67.8% YoY during the quarter.
  • Net profit for the quarter declined by 90.2% YoY. Net profit margins during the quarter declined from 9.7% in 1QFY19 to 3.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 67.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 64.9% QoQ during the same period.
  • The company's operating profit declined by 82.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.8% in 1QFY20 as against 12.9% in 4QFY19.
  • Net profit for the quarter declined by 85.9% QoQ, while net profit margins declined from 7.7% in 4QFY19 to 3.2% in 1QFY20.

To see how WABCO INDIA has performed over the last eight quarters,please visit here.

WABCO INDIA Share Price Performance

Over the last one year,WABCO INDIA share price has moved down from Rs 6,761.7 to Rs 6,095.6, registering a Loss of Rs 666.1 or around 9.9%.

Overall, the S&P BSE SENSEX is down 2.4% over the year.

Current Valuations

At the current price of Rs 6,095.6, the price to earnings (P/E) ratio of WABCO INDIA stands at 53.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.5 times.

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For the quarter ended September 2020, WABCO INDIA has posted a net profit of Rs 351 m (up 3.7% YoY). Sales on the other hand came in at Rs 4 bn (down 6.1% YoY). Read on for a complete analysis of WABCO INDIA's quarterly results.

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