WELSPUN INDIA Announces Quarterly Results (3QFY19); Net Profit Down 62.8%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

WELSPUN INDIA Announces Quarterly Results (3QFY19); Net Profit Down 62.8%
Tue, 5 Feb

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

WELSPUN INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m13,98017,79916,403-7.8%17.3%
Other incomeRs m164179170-4.5%4.2%
TurnoverRs m14,14317,97816,574-7.8%17.2%
ExpensesRs m11,45614,90514,068-5.6%22.8%
Gross profitRs m2,5232,8952,042-29.5%-19.1%
DepreciationRs m1,2721,0831,1183.2%-12.1%
InterestRs m3453694028.9%16.4%
Profit before taxRs m1,0701,621692-57.3%-35.3%
TaxRs m-275404192-52.6%
Profit after taxRs m1,3451,217501-58.8%-62.8%
Gross profit margin%18.116.312.4
Effective tax rate%-25.724.927.7
Net profit margin%9.56.83.0
* 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 17.3% on a year-on-year (YoY) basis. The expenses were up by 22.8% YoY during the same period.
  • The company's operating profit declined by 19.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.4% in 3QFY19 as against 18.1% in 3QFY18.
  • Depreciation charges declined by 12.1% and finance costs increased by 16.4% YoY, respectively.
  • Other income increased by 4.2% YoY during the quarter.
  • Net profit for the quarter declined by 62.8% YoY. Net profit margins during the quarter declined from 9.5% in 3QFY18 to 3.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.6% QoQ during the same period.
  • The company's operating profit declined by 29.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.4% in 3QFY19 as against 16.3% in 2QFY18.
  • Net profit for the quarter declined by 58.8% QoQ, while net profit margins declined from 6.8% in 2QFY18 to 3.0% in 3QFY19.

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 63.0 to Rs 56.2, registering a Loss of Rs 6.8 or around 10.8%.

Overall, the S&P BSE SENSEX is up 5.2% over the year.

Current Valuations

At the current price of Rs 56.2, the price to earnings (P/E) ratio of WELSPUN INDIA stands at 14.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

Equitymaster requests your view! Post a comment on "WELSPUN INDIA Announces Quarterly Results (3QFY19); Net Profit Down 62.8%". Click here!

  

Related Views on News

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

Oct 25, 2019 | Updated on Oct 25, 2019

For the quarter ended September 2019, WELSPUN INDIA has posted a net profit of Rs 2 bn (up 66.5% YoY). Sales on the other hand came in at Rs 18 bn (up 2.5% YoY). Read on for a complete analysis of WELSPUN INDIA's quarterly results.

WELSPUN INDIA 2018-19 Annual Report Analysis (Annual Result Update)

Sep 23, 2019 | Updated on Sep 23, 2019

Here's an analysis of the annual report of WELSPUN INDIA for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of WELSPUN INDIA. Also includes updates on the valuation of WELSPUN INDIA.

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

Jul 31, 2019 | Updated on Jul 31, 2019

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.

WELSPUN INDIA 2017-18 Annual Report Analysis (Annual Result Update)

Aug 13, 2018 | Updated on Aug 13, 2018

Here's an analysis of the annual report of WELSPUN INDIA for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of WELSPUN INDIA. Also includes updates on the valuation of WELSPUN INDIA.

More Views on News

Most Popular

Use My Secret to Increase Your Trading Profits Today

Dec 10, 2019

What to do after every trade.

How We Made 14.64% Trading Profit in Just 2 Days

Dec 12, 2019

A high probability trade that worked to perfection for my subscribers.

Blue Chips Are Passe. Get into these Stocks for Outstanding Gains in 2020(Profit Hunter)

Dec 5, 2019

This corner of the market could provide more returns than blue chips in 2020.

Make the Most of the Smallcap Rebound with These Stocks(Profit Hunter)

Dec 3, 2019

Even amid a gloomy economic scenario, there are smallcaps that have grown earnings over last one and a half year and I believe these could be the strongest candidates for a smallcap rebound.

What Is the IPO Euphoria Signaling Us About the Markets?(The 5 Minute Wrapup)

Dec 2, 2019

2019 will be remembered as the year of great money-making IPOs...

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

WELSPUN INDIA SHARE PRICE


Dec 13, 2019 (Close)

TRACK WELSPUN INDIA

  • Track your investment in WELSPUN INDIA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

WELSPUN INDIA - BOMBAY RAYON F COMPARISON

COMPARE WELSPUN INDIA WITH

MARKET STATS