WABCO INDIA Announces Quarterly Results (4QFY19); Net Profit Down 32.5%

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WABCO INDIA Announces Quarterly Results (4QFY19); Net Profit Down 32.5%
Mon, 27 May

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

WABCO INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m7,8496,9996,629-5.3%-15.5%
Other incomeRs m2009713236.0%-34.0%
TurnoverRs m8,0497,0966,761-4.7%-16.0%
ExpensesRs m6,7275,9945,775-3.7%-14.1%
Gross profitRs m1,1221,005854-15.1%-23.9%
DepreciationRs m16017720716.6%29.0%
InterestRs m12000.0%-100.0%
Profit before taxRs m1,150925779-15.8%-32.2%
TaxRs m377327258-21.0%-31.6%
Profit after taxRs m772598521-12.9%-32.5%
Gross profit margin%14.314.412.9
Effective tax rate%32.835.333.1
Net profit margin%9.68.47.7
* 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 15.5% on a year-on-year (YoY) basis. The expenses were down by 14.1% YoY during the same period.
  • The company's operating profit declined by 23.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.9% in 4QFY19 as against 14.3% in 4QFY18.
  • Depreciation charges increased by 29.0% and finance costs declined by 100.0% YoY, respectively.
  • Other income declined by 34.0% YoY during the quarter.
  • Net profit for the quarter declined by 32.5% YoY. Net profit margins during the quarter declined from 9.6% in 4QFY18 to 7.7% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.7% QoQ during the same period.
  • The company's operating profit declined by 15.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.9% in 4QFY19 as against 14.4% in 3QFY18.
  • Net profit for the quarter declined by 12.9% QoQ, while net profit margins declined from 8.4% in 3QFY18 to 7.7% in 4QFY19.

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 7,336.2 to Rs 6,198.0, registering a Loss of Rs 1,138.2 or around 15.5%.

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 6,198.0, the price to earnings (P/E) ratio of WABCO INDIA stands at 41.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.7 times.

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