WALCHANDNAGAR Announces Quarterly Results (1QFY20); Net Profit Down 29371.4%

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WALCHANDNAGAR Announces Quarterly Results (1QFY20); Net Profit Down 29371.4%
Thu, 8 Aug

WALCHANDNAGAR has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

WALCHANDNAGAR Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m662983628-36.1%-5.1%
Other incomeRs m958146-43.9%-51.8%
TurnoverRs m7571,065674-36.7%-11.0%
ExpensesRs m492842596-29.2%21.3%
Gross profitRs m17014132-77.7%-81.5%
DepreciationRs m716459-6.6%-15.9%
InterestRs m1942232230.0%15.0%
Profit before taxRs m1-63-205-29371.4%
TaxRs m0000.0%0.0%
Profit after taxRs m1-63-205-29371.4%
Gross profit margin%25.714.45.0
Effective tax rate%0.00.00.0
Net profit margin%0.1-6.0-30.4
* 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 5.1% on a year-on-year (YoY) basis. The expenses were up by 21.3% YoY during the same period.
  • The company's operating profit declined by 81.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.0% in 1QFY20 as against 25.7% in 1QFY19.
  • Depreciation charges declined by 15.9% and finance costs increased by 15.0% YoY, respectively.
  • Other income declined by 51.8% YoY during the quarter.
  • Net profit for the quarter declined by 29371.4% YoY. Net profit margins during the quarter declined from 0.1% in 1QFY19 to -30.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 36.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 29.2% QoQ during the same period.
  • The company's operating profit declined by 77.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.0% in 1QFY20 as against 14.4% in 4QFY19.
  • Net profit for the quarter declined by 223.2% QoQ, while net profit margins declined from -5.9% in 4QFY19 to -30.4% in 1QFY20.

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

WALCHANDNAGAR Share Price Performance

Over the last one year,WALCHANDNAGAR share price has moved down from Rs 140.8 to Rs 64.5, registering a Loss of Rs 76.3 or around 54.2%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,090.4 (down 0.6%). Over the last one year it has moved down from 18,358.1 to 17,090.4, a gain of 1,268 points (down 6.9%).

Overall, the S&P BSE SENSEX is down 2.5% over the year.

Current Valuations

At the current price of Rs 64.5, the price to book value (P/BV) ratio of WALCHANDNAGAR stands at 0.7 times.

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WALCHANDNAGAR Announces Quarterly Results (4QFY19); Net Profit Down 404.8% (Quarterly Result Update)

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For the quarter ended March 2019, WALCHANDNAGAR has posted a net profit of Rs 63 m (down 404.8% YoY). Sales on the other hand came in at Rs 983 m (down 16.8% YoY). Read on for a complete analysis of WALCHANDNAGAR's quarterly results.

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