WABCO INDIA Announces Quarterly Results (2QFY20); Net Profit Down 64.6%

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WABCO INDIA Announces Quarterly Results (2QFY20); Net Profit Down 64.6%
Fri, 8 Nov

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

WABCO INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m7,4282,1764,460105.0%-40.0%
Other incomeRs m2578114681.0%-43.2%
TurnoverRs m7,6852,2574,606104.1%-40.1%
ExpensesRs m6,1972,0283,93494.0%-36.5%
Gross profitRs m1,231149526254.4%-57.2%
DepreciationRs m16964209228.6%23.4%
InterestRs m0576-90.2%0.0%
Profit before taxRs m1,319109458320.1%-65.3%
TaxRs m36436119234.3%-67.2%
Profit after taxRs m95573339361.8%-64.6%
Gross profit margin%16.66.811.8
Effective tax rate%27.632.826.1
Net profit margin%12.43.27.4
* 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 fell 40.0% on a year-on-year (YoY) basis. The expenses were down by 36.5% YoY during the same period.
  • The company's operating profit declined by 57.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.8% in 2QFY20 as against 16.6% in 2QFY19.
  • Depreciation charges increased by 23.4% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 43.2% YoY during the quarter.
  • Net profit for the quarter declined by 64.6% YoY. Net profit margins during the quarter declined from 12.4% in 2QFY19 to 7.4% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 105.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 94.0% QoQ during the same period.
  • The company's operating profit increased by 254.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.8% in 2QFY20 as against 6.8% in 1QFY19.
  • Net profit for the quarter increased by 361.8% QoQ, while net profit margins increased from 3.2% in 1QFY19 to 7.4% in 2QFY20.

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

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WABCO INDIA Share Price Performance

Over the last one year,WABCO INDIA share price has moved down from Rs 6,840.0 to Rs 6,175.5, registering a Loss of Rs 664.5 or around 9.7%.

Overall, the S&P BSE SENSEX is up 15.1% over the year.

Current Valuations

At the current price of Rs 6,175.5, the price to earnings (P/E) ratio of WABCO INDIA stands at 76.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.6 times.

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