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

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WABCO INDIA Announces Quarterly Results (4QFY20); Net Profit Down 39.5%
Wed, 27 May

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

WABCO INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m6,6294,4094,049-8.2%-38.9%
Other incomeRs m13215818114.8%37.1%
TurnoverRs m6,7614,5674,230-7.4%-37.4%
ExpensesRs m5,7753,8083,532-7.2%-38.8%
Gross profitRs m854602517-14.1%-39.5%
DepreciationRs m20722324710.5%19.4%
InterestRs m05634.6%0.0%
Profit before taxRs m779532445-16.3%-42.9%
TaxRs m258145130-10.2%-49.6%
Profit after taxRs m521387315-18.6%-39.5%
Gross profit margin%12.913.712.8
Effective tax rate%33.127.329.2
Net profit margin%7.78.57.4
* 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 38.9% on a year-on-year (YoY) basis. The expenses were down by 38.8% YoY during the same period.
  • The company's operating profit declined by 39.5% YoY during the quarter. Consequently, operating profit margins remained same and stood at 12.8% in 4QFY20.
  • Depreciation charges increased by 19.4% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 37.1% YoY during the quarter.
  • Net profit for the quarter declined by 39.5% YoY. Net profit margins during the quarter declined from 7.7% in 4QFY19 to 7.4% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.2% QoQ during the same period.
  • The company's operating profit declined by 14.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.8% in 4QFY20 as against 13.7% in 3QFY19.
  • Net profit for the quarter declined by 18.6% QoQ, while net profit margins declined from 8.5% in 3QFY19 to 7.4% in 4QFY20.

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 6,192.1 to Rs 6,875.0, registering a gain of Rs 682.9 or around 11.0%.

Overall, the S&P BSE SENSEX is down 22.2% over the year.

Current Valuations

At the current price of Rs 6,875.0, the price to earnings (P/E) ratio of WABCO INDIA stands at 117.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.3 times.

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