WABCO INDIA Announces Quarterly Results (3QFY20); Net Profit Down 35.3%

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WABCO INDIA Announces Quarterly Results (3QFY20); Net Profit Down 35.3%
Thu, 30 Jan

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

WABCO INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m6,9994,4604,409-1.1%-37.0%
Other incomeRs m971461588.2%62.5%
TurnoverRs m7,0964,6064,567-0.8%-35.6%
ExpensesRs m5,9943,9343,808-3.2%-36.5%
Gross profitRs m1,00552660214.3%-40.1%
DepreciationRs m1772092236.9%26.0%
InterestRs m065-17.8%0.0%
Profit before taxRs m92545853216.1%-42.5%
TaxRs m32711914521.4%-55.6%
Profit after taxRs m59833938714.3%-35.3%
Gross profit margin%14.411.813.7
Effective tax rate%35.326.127.3
Net profit margin%8.47.48.5
* 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 37.0% 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 40.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 13.7% in 3QFY20.
  • Depreciation charges increased by 26.0% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 62.5% YoY during the quarter.
  • Net profit for the quarter declined by 35.3% YoY. Net profit margins during the quarter increased from 8.4% in 3QFY19 to 8.5% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.2% QoQ during the same period.
  • The company's operating profit increased by 14.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.7% in 3QFY20 as against 11.8% in 2QFY19.
  • Net profit for the quarter increased by 14.3% QoQ, while net profit margins increased from 7.4% in 2QFY19 to 8.5% in 3QFY20.

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 up from Rs 6,261.1 to Rs 6,749.0, registering a Gain of Rs 487.9 or around 7.8%.

Overall, the S&P BSE SENSEX is up 15.2% over the year.

Current Valuations

At the current price of Rs 6,749.0, the price to earnings (P/E) ratio of WABCO INDIA stands at 97.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.2 times.

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