WABCO INDIA Announces Quarterly Results (3QFY21); Net Profit Up 35.5%

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WABCO INDIA Announces Quarterly Results (3QFY21); Net Profit Up 35.5%
Thu, 11 Feb

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

WABCO INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m4,4094,1875,66535.3%28.5%
Other incomeRs m15811178-29.4%-50.5%
TurnoverRs m4,5674,2985,74333.6%25.7%
ExpensesRs m3,8083,5554,78834.7%25.7%
Gross profitRs m60263287738.9%45.8%
DepreciationRs m223224223-0.5%-0.3%
InterestRs m592-73.8%-45.8%
Profit before taxRs m53250973043.4%37.3%
TaxRs m14515820630.3%42.2%
Profit after taxRs m38735152449.3%35.5%
Gross profit margin%13.715.115.5
Effective tax rate%27.331.128.2
Net profit margin%8.58.29.1
* 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 grew 28.5% on a year-on-year (YoY) basis. The expenses were up by 25.7% YoY during the same period.
  • The company's operating profit increased by 45.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.5% in 3QFY21 as against 13.7% in 3QFY20.
  • Depreciation charges declined by 0.3% and finance costs declined by 45.8% YoY, respectively.
  • Other income declined by 50.5% YoY during the quarter.
  • Net profit for the quarter increased by 35.5% YoY. Net profit margins during the quarter increased from 8.5% in 3QFY20 to 9.1% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 35.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 34.7% QoQ during the same period.
  • The company's operating profit increased by 38.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.5% in 3QFY21 as against 15.1% in 2QFY20.
  • Net profit for the quarter increased by 49.3% QoQ, while net profit margins increased from 8.2% in 2QFY20 to 9.1% in 3QFY21.

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

LIVE on April 23rd: Has Covid impacted India's long-term growth potential?

WABCO INDIA Share Price Performance

Over the last one year, WABCO INDIA share price has moved down from Rs 6,809.8 to Rs 5,900.0, registering a Loss of Rs 909.8 or around 13.4%.

Overall, the S&P BSE SENSEX is up 25.8% over the year.

Current Valuations

At the current price of Rs 5,900.0, the price to earnings (P/E) ratio of WABCO INDIA stands at 127.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.3 times.

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Related Views on News

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

Oct 29, 2020 | Updated on Oct 29, 2020

For the quarter ended September 2020, WABCO INDIA has posted a net profit of Rs 351 m (up 3.7% YoY). Sales on the other hand came in at Rs 4 bn (down 6.1% YoY). Read on for a complete analysis of WABCO INDIA's quarterly results.

WABCO INDIA Announces Quarterly Results (4QFY20); Net Profit Down 39.5% (Quarterly Result Update)

May 27, 2020 | Updated on May 27, 2020

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.

WABCO INDIA 2018-19 Annual Report Analysis (Annual Result Update)

Jul 25, 2019 | Updated on Jul 25, 2019

Here's an analysis of the annual report of WABCO INDIA for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of WABCO INDIA. Also includes updates on the valuation of WABCO INDIA.

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