WELSPUN INDIA Announces Quarterly Results (2QFY20); Net Profit Up 66.5%

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WELSPUN INDIA Announces Quarterly Results (2QFY20); Net Profit Up 66.5%
Fri, 25 Oct

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

WELSPUN INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m17,79917,28118,2495.6%2.5%
Other incomeRs m1798212249.2%-31.9%
TurnoverRs m17,97817,36318,3715.8%2.2%
ExpensesRs m14,90513,65114,3375.0%-3.8%
Gross profitRs m2,8953,6313,9137.8%35.2%
DepreciationRs m1,0831,0941,1454.6%5.7%
InterestRs m369374336-10.2%-9.1%
Profit before taxRs m1,6212,2442,55413.8%57.5%
TaxRs m404683528-22.8%30.6%
Profit after taxRs m1,2171,5612,02629.8%66.5%
Gross profit margin%16.321.021.4
Effective tax rate%24.930.520.7
Net profit margin%6.89.011.0
* 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 2.5% on a year-on-year (YoY) basis. The expenses were down by 3.8% YoY during the same period.
  • The company's operating profit increased by 35.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.4% in 2QFY20 as against 16.3% in 2QFY19.
  • Depreciation charges increased by 5.7% and finance costs declined by 9.1% YoY, respectively.
  • Other income declined by 31.9% YoY during the quarter.
  • Net profit for the quarter increased by 66.5% YoY. Net profit margins during the quarter increased from 6.8% in 2QFY19 to 11.0% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.0% QoQ during the same period.
  • The company's operating profit increased by 7.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.4% in 2QFY20 as against 21.0% in 1QFY19.
  • Net profit for the quarter increased by 29.8% QoQ, while net profit margins increased from 9.0% in 1QFY19 to 11.0% in 2QFY20.

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

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WELSPUN INDIA Share Price Performance

Over the last one year,WELSPUN INDIA share price has moved down from Rs 57.5 to Rs 53.0, registering a Loss of Rs 4.5 or around 7.7%.

Overall, the S&P BSE SENSEX is up 14.6% over the year.

Current Valuations

At the current price of Rs 53.0, the price to earnings (P/E) ratio of WELSPUN INDIA stands at 16.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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

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For the quarter ended June 2019, WELSPUN INDIA has posted a net profit of Rs 2 bn (up 17.5% YoY). Sales on the other hand came in at Rs 17 bn (up 11.6% YoY). Read on for a complete analysis of WELSPUN INDIA's quarterly results.

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