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WALCHANDNAGAR Announces Quarterly Results (2QFY19); Net Profit Up 116.8%

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WALCHANDNAGAR Announces Quarterly Results (2QFY19); Net Profit Up 116.8%
Fri, 23 Nov

WALCHANDNAGAR has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

WALCHANDNAGAR Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m7626621,04557.8%37.1%
Other incomeRs m79510712.6%1443.5%
TurnoverRs m7697571,15152.2%49.7%
ExpensesRs m63049287077.0%38.0%
Gross profitRs m1321701752.5%32.5%
DepreciationRs m797167-4.4%-14.1%
InterestRs m189194192-0.9%1.5%
Profit before taxRs m-1291223000.0%
TaxRs m0000.0%0.0%
Profit after taxRs m-1291223000.0%
Gross profit margin%17.325.716.7
Effective tax rate%0.00.00.0
Net profit margin%-16.80.11.9
* 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 37.1% on a year-on-year (YoY) basis. The expenses were up by 38.0% YoY during the same period.
  • The company's operating profit increased by 32.5% YoY during the quarter. Consequently, operating profit margins remained same and stood at 16.7% in 2QFY19.
  • Depreciation charges declined by 14.1% and finance costs increased by 1.5% YoY, respectively.
  • Other income increased by 1443.5% YoY during the quarter.
  • Net profit for the quarter increased by 116.8% YoY. Net profit margins during the quarter increased from -16.8% in 2QFY18 to 1.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 57.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 77.0% QoQ during the same period.
  • The company's operating profit declined by 2.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.7% in 2QFY19 as against 25.7% in 1QFY18.
  • Net profit for the quarter increased by 3000.0% QoQ, while net profit margins increased from 0.1% in 1QFY18 to 1.9% in 2QFY19.

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 up from Rs 232.5 to Rs 97.9, registering a Loss of Rs 134.7 or around 57.9%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,431.2 (up 0.1%). Over the last one year it has moved up from 18,415.8 to 18,431.2, a gain of 15 points (up 0.1%).

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 97.9, the price to book value (P/BV) ratio of WALCHANDNAGAR stands at 1.1 times.

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For the quarter ended December 2018, WALCHANDNAGAR has posted a net profit of Rs 20 m (up 129.9% YoY). Sales on the other hand came in at Rs 951 m (down 18.3% YoY). Read on for a complete analysis of WALCHANDNAGAR's quarterly results.

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