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

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 (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.

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

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.

Equitymaster requests your view! Post a comment on "WELSPUN INDIA Announces Quarterly Results (3QFY20); Net Profit Up 49.9%". 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.

More Views on News

Most Popular

Hotel Stocks Will Reward Investors(Fast Profits Daily)

Jun 8, 2021

This is why I'm bullish on the hotel and hospitality sector.

My 'Unlock' Investments(Fast Profits Daily)

Jun 11, 2021

The best unlock investments you can make in the market.

The Most Visible Sign of India's Revival is on Two Wheels(Profit Hunter)

Jun 9, 2021

Investing in the best stocks could result in wealth compounding on a massive scale.

How I Discovered a 400-Year-Old Open Secret to Extreme Wealth(Profit Hunter)

Jun 11, 2021

Charlie Munger's open secret about investing success.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

WELSPUN INDIA SHARE PRICE


Jun 18, 2021 (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 5-YR ANALYSIS

COMPARE WELSPUN INDIA WITH

MARKET STATS