WHEELS INDIA Announces Quarterly Results (2QFY20); Net Profit Up 26.5%

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WHEELS INDIA Announces Quarterly Results (2QFY20); Net Profit Up 26.5%
Thu, 7 Nov

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

WHEELS INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m7,9587,1205,932-16.7%-25.5%
Other incomeRs m95142583.7%-73.9%
TurnoverRs m8,0537,1335,956-16.5%-26.0%
ExpensesRs m7,4256,6235,531-16.5%-25.5%
Gross profitRs m533497400-19.4%-24.9%
DepreciationRs m172181169-6.9%-1.7%
InterestRs m152165155-6.1%1.6%
Profit before taxRs m304164102-38.0%-66.5%
TaxRs m7748-185-486.2%-340.3%
Profit after taxRs m227116287146.7%26.5%
Gross profit margin%6.77.06.7
Effective tax rate%25.429.2-181.9
Net profit margin%2.81.64.8
* 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 25.5% on a year-on-year (YoY) basis. The expenses were down by 25.5% YoY during the same period.
  • The company's operating profit declined by 24.9% YoY during the quarter. Consequently, operating profit margins remained same and stood at 6.7% in 2QFY20.
  • Depreciation charges declined by 1.7% and finance costs increased by 1.6% YoY, respectively.
  • Other income declined by 73.9% YoY during the quarter.
  • Net profit for the quarter increased by 26.5% YoY. Net profit margins during the quarter increased from 2.8% in 2QFY19 to 4.8% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 16.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.5% QoQ during the same period.
  • The company's operating profit declined by 19.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.7% in 2QFY20 as against 7.0% in 1QFY19.
  • Net profit for the quarter increased by 146.7% QoQ, while net profit margins increased from 1.6% in 1QFY19 to 4.8% in 2QFY20.

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

Latest: Chinese Aggression on the Border Triggers a Huge Opportunity

WHEELS INDIA Share Price Performance

Over the last one year,WHEELS INDIA share price has moved down from Rs 1,025.8 to Rs 625.0, registering a Loss of Rs 400.8 or around 39.1%.

Overall, the S&P BSE SENSEX is up 15.9% over the year.

Current Valuations

At the current price of Rs 625.0, the price to earnings (P/E) ratio of WHEELS INDIA stands at 10.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.2 times.

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WHEELS INDIA Announces Quarterly Results (3QFY20); Net Profit Down 39.8% (Quarterly Result Update)

Feb 19, 2020 | Updated on Feb 19, 2020

For the quarter ended December 2019, WHEELS INDIA has posted a net profit of Rs 92 m (down 39.8% YoY). Sales on the other hand came in at Rs 6 bn (down 25.8% YoY). Read on for a complete analysis of WHEELS INDIA's quarterly results.

WHEELS 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 WHEELS INDIA for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of WHEELS INDIA. Also includes updates on the valuation of WHEELS INDIA.

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