WELSPUN INDIA Announces Quarterly Results (2QFY19); Net Profit Down 35.9%

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WELSPUN INDIA Announces Quarterly Results (2QFY19); Net Profit Down 35.9%
Fri, 9 Nov

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

WELSPUN INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m16,07015,49217,79914.9%10.8%
Other incomeRs m230286179-37.7%-22.3%
TurnoverRs m16,29915,77817,97813.9%10.3%
ExpensesRs m13,23712,52714,90519.0%12.6%
Gross profitRs m2,8332,9652,895-2.4%2.2%
DepreciationRs m1,2871,0591,0832.3%-15.8%
InterestRs m3253423697.8%13.6%
Profit before taxRs m1,4511,8501,621-12.4%11.7%
TaxRs m-449522404-22.5%
Profit after taxRs m1,9001,3281,217-8.4%-35.9%
Gross profit margin%17.619.116.3
Effective tax rate%-30.928.224.9
Net profit margin%11.78.46.8
* 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 10.8% on a year-on-year (YoY) basis. The expenses were up by 12.6% YoY during the same period.
  • The company's operating profit increased by 2.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.3% in 2QFY19 as against 17.6% in 2QFY18.
  • Depreciation charges declined by 15.8% and finance costs increased by 13.6% YoY, respectively.
  • Other income declined by 22.3% YoY during the quarter.
  • Net profit for the quarter declined by 35.9% YoY. Net profit margins during the quarter declined from 11.7% in 2QFY18 to 6.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 14.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 19.0% QoQ during the same period.
  • The company's operating profit declined by 2.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.3% in 2QFY19 as against 19.1% in 1QFY18.
  • Net profit for the quarter declined by 8.4% QoQ, while net profit margins declined from 8.4% in 1QFY18 to 6.8% in 2QFY19.

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 up from Rs 69.7 to Rs 61.6, registering a Loss of Rs 8.1 or around 11.6%.

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 61.6, the price to earnings (P/E) ratio of WELSPUN INDIA stands at 12.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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