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- WABCO INDIA Announces Quarterly Results (3QFY19); Net Profit Down 6.3%
WABCO INDIA Announces Quarterly Results (3QFY19); Net Profit Down 6.3%
Thu, 31 Jan
WABCO INDIA has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:
WABCO INDIA Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-17* | 3 Sep-18* | 3 Dec-18* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 6,499 | 7,428 | 6,999 | -5.8% | 7.7% |
| Other income | Rs m | 64 | 257 | 97 | -62.2% | 51.3% |
| Turnover | Rs m | 6,563 | 7,685 | 7,096 | -7.7% | 8.1% |
| Expenses | Rs m | 5,496 | 6,197 | 5,994 | -3.3% | 9.1% |
| Gross profit | Rs m | 1,003 | 1,231 | 1,005 | -18.4% | 0.2% |
| Depreciation | Rs m | 153 | 169 | 177 | 4.7% | 16.1% |
| Interest | Rs m | 1 | 0 | 0 | 0.0% | -100.0% |
| Profit before tax | Rs m | 913 | 1,319 | 925 | -29.9% | 1.2% |
| Tax | Rs m | 275 | 364 | 327 | -10.2% | 18.7% |
| Profit after tax | Rs m | 638 | 955 | 598 | -37.4% | -6.3% |
| Gross profit margin | % | 15.4 | 16.6 | 14.4 | ||
| Effective tax rate | % | 30.1 | 27.6 | 35.3 | ||
| Net profit margin | % | 9.7 | 12.4 | 8.4 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 7.7% on a year-on-year (YoY) basis. The expenses were up by 9.1% YoY during the same period.
- The company's operating profit increased by 0.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.4% in 3QFY19 as against 15.4% in 3QFY18.
- Depreciation charges increased by 16.1% and finance costs declined by 100.0% YoY, respectively.
- Other income increased by 51.3% YoY during the quarter.
- Net profit for the quarter declined by 6.3% YoY. Net profit margins during the quarter declined from 9.7% in 3QFY18 to 8.4% in 3QFY19.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 5.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.3% QoQ during the same period.
- The company's operating profit declined by 18.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.4% in 3QFY19 as against 16.6% in 2QFY18.
- Net profit for the quarter declined by 37.4% QoQ, while net profit margins declined from 12.4% in 2QFY18 to 8.4% in 3QFY19.
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 7,404.3 to Rs 6,256.2, registering a Loss of Rs 1,148.2 or around 15.5%.
Overall, the S&P BSE SENSEX is up 0.4% over the year.
Current Valuations
At the current price of Rs 6,256.2, the price to earnings (P/E) ratio of WABCO INDIA stands at 38.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.8 times.
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