WABCO INDIA Announces Quarterly Results (2QFY19); Net Profit Up 23.1%

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WABCO INDIA Announces Quarterly Results (2QFY19); Net Profit Up 23.1%
Mon, 12 Nov

WABCO INDIA has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

WABCO INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m6,0987,4737,428-0.6%21.8%
Other incomeRs m1392512572.6%84.5%
TurnoverRs m6,2377,7247,685-0.5%23.2%
ExpensesRs m5,0716,4766,197-4.3%22.2%
Gross profitRs m1,0279971,23123.5%19.9%
DepreciationRs m1521611695.1%11.3%
InterestRs m2000.0%-100.0%
Profit before taxRs m1,0121,0871,31921.4%30.4%
TaxRs m2363393647.3%54.2%
Profit after taxRs m77674895527.8%23.1%
Gross profit margin%16.813.316.6
Effective tax rate%23.331.227.6
Net profit margin%12.49.712.4
* 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 21.8% on a year-on-year (YoY) basis. The expenses were up by 22.2% YoY during the same period.
  • The company's operating profit increased by 19.9% YoY during the quarter. Consequently, operating profit margins remained same and stood at 16.6% in 2QFY19.
  • Depreciation charges increased by 11.3% and finance costs declined by 100.0% YoY, respectively.
  • Other income increased by 84.5% YoY during the quarter.
  • Net profit for the quarter increased by 23.1% YoY. Net profit margins during the quarter declined from 12.4% in 2QFY18 to 12.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.3% QoQ during the same period.
  • The company's operating profit increased by 23.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.6% in 2QFY19 as against 13.3% in 1QFY18.
  • Net profit for the quarter increased by 27.8% QoQ, while net profit margins increased from 9.7% in 1QFY18 to 12.4% in 2QFY19.

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 up from Rs 6,747.0 to Rs 6,874.2, registering a Gain of Rs 127.2 or around 1.9%.

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 6,874.2, the price to earnings (P/E) ratio of WABCO INDIA stands at 41.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.5 times.

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Jan 24, 2020 03:37 PM

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