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.

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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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Nov 26, 2020 03:16 PM

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