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

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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.

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

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, WELSPUN INDIA has posted a net profit of Rs 1 bn (down 35.9% YoY). Sales on the other hand came in at Rs 18 bn (up 10.8% 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.

WELSPUN INDIA Announces Quarterly Results (1QFY19); Net Profit Down 44.3% (Quarterly Result Update)

Jul 30, 2018 | Updated on Jul 30, 2018

For the quarter ended June 2018, WELSPUN INDIA has posted a net profit of Rs 1 bn (down 44.3% YoY). Sales on the other hand came in at Rs 15 bn (up 0.6% YoY). Read on for a complete analysis of WELSPUN INDIA's quarterly results.

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