WELSPUN INDIA Announces Quarterly Results (1QFY20); Net Profit Up 17.5%

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WELSPUN INDIA Announces Quarterly Results (1QFY20); Net Profit Up 17.5%
Wed, 31 Jul

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

WELSPUN INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m15,49215,57217,28111.0%11.6%
Other incomeRs m28643782-81.4%-71.5%
TurnoverRs m15,77816,00917,3638.5%10.0%
ExpensesRs m12,52713,48613,6511.2%9.0%
Gross profitRs m2,965-1543,63122.5%
DepreciationRs m1,0591,0981,094-0.4%3.3%
InterestRs m342479374-22.0%9.2%
Profit before taxRs m1,850-1,2942,24421.3%
TaxRs m522-50968331.0%
Profit after taxRs m1,328-7841,56117.5%
Gross profit margin%19.1-1.021.0
Effective tax rate%28.239.430.5
Net profit margin%8.4-4.99.0
* 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 grew 11.6% on a year-on-year (YoY) basis. The expenses were up by 9.0% YoY during the same period.
  • The company's operating profit increased by 22.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.0% in 1QFY20 as against 19.1% in 1QFY19.
  • Depreciation charges increased by 3.3% and finance costs increased by 9.2% YoY, respectively.
  • Other income declined by 71.5% YoY during the quarter.
  • Net profit for the quarter increased by 17.5% YoY. Net profit margins during the quarter increased from 8.4% in 1QFY19 to 9.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.2% QoQ during the same period.
  • The company's operating profit increased by 2463.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.0% in 1QFY20 as against 1.0% in 4QFY19.
  • Net profit for the quarter increased by 299.0% QoQ, while net profit margins increased from -4.9% in 4QFY19 to 9.0% in 1QFY20.

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

WELSPUN INDIA Share Price Performance

Over the last one year,WELSPUN INDIA share price has moved down from Rs 57.0 to Rs 51.9, registering a Loss of Rs 5.1 or around 8.9%.

Overall, the S&P BSE SENSEX is down 0.7% over the year.

Current Valuations

At the current price of Rs 51.9, the price to earnings (P/E) ratio of WELSPUN INDIA stands at 20.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

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