WELSPUN INDIA Announces Quarterly Results (3QFY20); Net Profit Up 49.9%

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WELSPUN INDIA Announces Quarterly Results (3QFY20); Net Profit Up 49.9%
Mon, 17 Feb

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

WELSPUN INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m16,40318,24916,654-8.7%1.5%
Other incomeRs m170122342181.3%100.8%
TurnoverRs m16,57418,37116,996-7.5%2.5%
ExpensesRs m14,06814,33713,660-4.7%-2.9%
Gross profitRs m2,0423,9132,481-36.6%21.5%
DepreciationRs m1,1181,1451,32515.7%18.5%
InterestRs m40233645535.6%13.2%
Profit before taxRs m6922,5541,043-59.2%50.6%
TaxRs m192528292-44.6%52.5%
Profit after taxRs m5012,026751-62.9%49.9%
Gross profit margin%12.421.414.9
Effective tax rate%27.720.728.0
Net profit margin%3.011.04.4
* 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 1.5% on a year-on-year (YoY) basis. The expenses were down by 2.9% YoY during the same period.
  • The company's operating profit increased by 21.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.9% in 3QFY20 as against 12.4% in 3QFY19.
  • Depreciation charges increased by 18.5% and finance costs increased by 13.2% YoY, respectively.
  • Other income increased by 100.8% YoY during the quarter.
  • Net profit for the quarter increased by 49.9% YoY. Net profit margins during the quarter increased from 3.0% in 3QFY19 to 4.4% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.7% QoQ during the same period.
  • The company's operating profit declined by 36.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.9% in 3QFY20 as against 21.4% in 2QFY19.
  • Net profit for the quarter declined by 62.9% QoQ, while net profit margins declined from 11.0% in 2QFY19 to 4.4% in 3QFY20.

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 48.4 to Rs 45.5, registering a Loss of Rs 2.9 or around 6.0%.

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 45.5, the price to earnings (P/E) ratio of WELSPUN INDIA stands at 12.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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