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

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WALCHANDNAGAR Announces Quarterly Results (4QFY19); Net Profit Down 404.8%
Tue, 18 Jun

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

WALCHANDNAGAR Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,1829519833.4%-16.8%
Other incomeRs m103681127.7%681.7%
TurnoverRs m1,1929871,0657.9%-10.7%
ExpensesRs m90170184220.1%-6.5%
Gross profitRs m281250141-43.4%-49.7%
DepreciationRs m816964-7.8%-21.7%
InterestRs m19019722313.0%17.3%
Profit before taxRs m2120-63-423.5%-404.8%
TaxRs m0000.0%0.0%
Profit after taxRs m2120-63-423.5%-404.8%
Gross profit margin%23.826.314.4
Effective tax rate%0.00.00.0
Net profit margin%1.72.0-6.0
* 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 16.8% on a year-on-year (YoY) basis. The expenses were down by 6.5% YoY during the same period.
  • The company's operating profit declined by 49.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.4% in 4QFY19 as against 23.8% in 4QFY18.
  • Depreciation charges declined by 21.7% and finance costs increased by 17.3% YoY, respectively.
  • Other income increased by 681.7% YoY during the quarter.
  • Net profit for the quarter declined by 404.8% YoY. Net profit margins during the quarter declined from 1.7% in 4QFY18 to -6.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 20.1% QoQ during the same period.
  • The company's operating profit declined by 43.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.4% in 4QFY19 as against 26.3% in 3QFY18.
  • Net profit for the quarter declined by 423.5% QoQ, while net profit margins declined from 2.0% in 3QFY18 to -6.0% in 4QFY19.

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 150.4 to Rs 84.7, registering a Loss of Rs 65.7 or around 43.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 19,250.6 (up 0.1%). Over the last one year it has moved up from 18,182.8 to 19,250.6, a gain of 1,068 points (up 5.9%).

Overall, the S&P BSE SENSEX is up 9.6% over the year.

Current Valuations

At the current price of Rs 84.7, the price to book value (P/BV) ratio of WALCHANDNAGAR stands at 1.0 times.

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