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

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WHEELS INDIA Announces Quarterly Results (4QFY18); Net Profit Up 5.8%
Thu, 19 Jul

WHEELS INDIA has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

WHEELS INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m5,5675,9206,99618.2%25.7%
Other incomeRs m8955513.5%618.4%
TurnoverRs m5,5755,9297,05118.9%26.5%
ExpensesRs m5,0765,4786,49918.6%28.0%
Gross profitRs m49244249712.5%1.2%
DepreciationRs m1661611747.8%4.6%
InterestRs m1231031117.8%-9.6%
Profit before taxRs m21018726743.0%27.1%
TaxRs m26587225.5%178.1%
Profit after taxRs m18412919550.8%5.8%
Gross profit margin%8.87.57.1
Effective tax rate%12.430.927.1
Net profit margin%3.32.22.8
* 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 grew 25.7% on a year-on-year (YoY) basis. The expenses were up by 28.0% YoY during the same period.
  • The company's operating profit increased by 1.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.1% in 4QFY18 as against 8.8% in 4QFY17.
  • Depreciation charges and finance costs increased by 4.6% YoY and 9.6% YoY, respectively.
  • Other income increased by 618.4% YoY during the quarter.
  • Net profit for the quarter increased by 5.8% YoY. Net profit margins during the quarter declined from 3.3% in 4QFY17 to 2.8% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 18.6% QoQ during the same period.
  • The company's operating profit declined by 12.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.1% in 4QFY18 as against 7.5% in 3QFY17.
  • Net profit for the quarter increased by 50.8% QoQ, while net profit margins increased from 2.2% in 3QFY17 to 2.8% in 4QFY18.

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

WHEELS INDIA Share Price Performance

Over the last one year, WHEELS INDIA share price has moved up from Rs 1,424.9 to Rs 2,348.0, registering a Gain of Rs 923.1 or around 64.8%.

Overall, the S&P BSE SENSEX is down 0.1% over the year.

Current Valuations

At the current price of Rs 2,348.0, the price to earnings (P/E) ratio of WHEELS INDIA stands at 39.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.0 times.

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