WABCO INDIA Announces Quarterly Results (2QFY21); Net Profit Up 3.7%

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WABCO INDIA Announces Quarterly Results (2QFY21); Net Profit Up 3.7%
Thu, 29 Oct

WABCO INDIA has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

WABCO INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m4,4601,6604,187152.3%-6.1%
Other incomeRs m146134111-17.4%-24.2%
TurnoverRs m4,6061,7944,298139.6%-6.7%
ExpensesRs m3,9341,9463,55582.7%-9.6%
Gross profitRs m526-28663220.0%
DepreciationRs m209231224-3.1%7.2%
InterestRs m67943.6%69.9%
Profit before taxRs m458-38950911.2%
TaxRs m119-7615832.4%
Profit after taxRs m339-3143513.7%
Gross profit margin%11.8-17.215.1
Effective tax rate%26.119.531.1
Net profit margin%7.4-17.58.2
* 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 6.1% on a year-on-year (YoY) basis. The expenses were down by 9.6% YoY during the same period.
  • The company's operating profit increased by 20.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.1% in 2QFY21 as against 11.8% in 2QFY20.
  • Depreciation charges increased by 7.2% and finance costs increased by 69.9% YoY, respectively.
  • Other income declined by 24.2% YoY during the quarter.
  • Net profit for the quarter increased by 3.7% YoY. Net profit margins during the quarter increased from 7.4% in 2QFY20 to 8.2% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 152.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 82.7% QoQ during the same period.
  • The company's operating profit declined by 320.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.1% in 2QFY21 as against 17.2% in 1QFY20.
  • Net profit for the quarter increased by 211.9% QoQ, while net profit margins increased from -17.5% in 1QFY20 to 8.2% in 2QFY21.

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

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

WABCO INDIA Share Price Performance

Over the last one year, WABCO INDIA share price has moved down from Rs 6,145.1 to Rs 4,959.0, registering a Loss of Rs 1,186.1 or around 19.3%.

Overall, the S&P BSE SENSEX is up 1.4% over the year.

Current Valuations

At the current price of Rs 4,959.0, the price to earnings (P/E) ratio of WABCO INDIA stands at 127.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.3 times.

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For the quarter ended March 2020, WABCO INDIA has posted a net profit of Rs 315 m (down 39.5% YoY). Sales on the other hand came in at Rs 4 bn (down 38.9% YoY). Read on for a complete analysis of WABCO INDIA's quarterly results.

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