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

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WHEELS INDIA Announces Quarterly Results (3QFY20); Net Profit Down 39.8%
Wed, 19 Feb

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

WHEELS INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m7,8605,9325,832-1.7%-25.8%
Other incomeRs m12252916.9%150.0%
TurnoverRs m7,8725,9565,861-1.6%-25.5%
ExpensesRs m7,3045,5315,425-1.9%-25.7%
Gross profitRs m5564004081.8%-26.8%
DepreciationRs m1751691690.3%-3.1%
InterestRs m170155145-6.4%-14.8%
Profit before taxRs m22310212320.5%-45.1%
TaxRs m71-18531-56.8%
Profit after taxRs m15328792-67.9%-39.8%
Gross profit margin%7.16.77.0
Effective tax rate%31.6-181.924.9
Net profit margin%1.94.81.6
* 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 25.8% on a year-on-year (YoY) basis. The expenses were down by 25.7% YoY during the same period.
  • The company's operating profit declined by 26.8% YoY during the quarter. Consequently, operating profit margins remained same and stood at 7.0% in 3QFY20.
  • Depreciation charges declined by 3.1% and finance costs declined by 14.8% YoY, respectively.
  • Other income increased by 150.0% YoY during the quarter.
  • Net profit for the quarter declined by 39.8% YoY. Net profit margins during the quarter declined from 1.9% in 3QFY19 to 1.6% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.9% QoQ during the same period.
  • The company's operating profit increased by 1.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.0% in 3QFY20 as against 6.7% in 2QFY19.
  • Net profit for the quarter declined by 67.9% QoQ, while net profit margins declined from 4.8% in 2QFY19 to 1.6% in 3QFY20.

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

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WHEELS INDIA Share Price Performance

Over the last one year,WHEELS INDIA share price has moved down from Rs 759.6 to Rs 586.9, registering a Loss of Rs 172.7 or around 22.7%.

Overall, the S&P BSE SENSEX is up 16.2% over the year.

Current Valuations

At the current price of Rs 586.9, the price to earnings (P/E) ratio of WHEELS INDIA stands at 10.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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

Nov 7, 2019 | Updated on Nov 7, 2019

For the quarter ended September 2019, WHEELS INDIA has posted a net profit of Rs 287 m (up 26.5% YoY). Sales on the other hand came in at Rs 6 bn (down 25.5% YoY). Read on for a complete analysis of WHEELS INDIA's quarterly results.

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

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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.

WHEELS INDIA Announces Quarterly Results (4QFY18); Net Profit Up 5.8% (Quarterly Result Update)

Jul 19, 2018 | Updated on Jul 19, 2018

For the quarter ended March 2018, WHEELS INDIA has posted a net profit of Rs 195 m (up 5.8% YoY). Sales on the other hand came in at Rs 7 bn (up 25.7% YoY). Read on for a complete analysis of WHEELS INDIA's quarterly results.

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