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WELSPUN INDIA Announces Quarterly Results (4QFY19); Net Profit Down 187.3%

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WELSPUN INDIA Announces Quarterly Results (4QFY19); Net Profit Down 187.3%
Mon, 27 May

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

WELSPUN INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m15,06216,40315,572-5.1%3.4%
Other incomeRs m287170437156.7%52.5%
TurnoverRs m15,34916,57416,009-3.4%4.3%
ExpensesRs m12,42714,06813,486-4.1%8.5%
Gross profitRs m2,6352,042-154-107.5%-105.8%
DepreciationRs m1,3011,1181,098-1.7%-15.6%
InterestRs m38140247919.2%25.8%
Profit before taxRs m1,241692-1,294-286.8%-204.3%
TaxRs m342192-509-365.9%-249.0%
Profit after taxRs m899501-784-256.6%-187.3%
Gross profit margin%17.512.4-1.0
Effective tax rate%27.627.739.4
Net profit margin%5.93.0-4.9
* 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 3.4% on a year-on-year (YoY) basis. The expenses were up by 8.5% YoY during the same period.
  • The company's operating profit declined by 105.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.0% in 4QFY19 as against 17.5% in 4QFY18.
  • Depreciation charges declined by 15.6% and finance costs increased by 25.8% YoY, respectively.
  • Other income increased by 52.5% YoY during the quarter.
  • Net profit for the quarter declined by 187.3% YoY. Net profit margins during the quarter declined from 5.9% in 4QFY18 to -4.9% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.1% QoQ during the same period.
  • The company's operating profit declined by 107.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.0% in 4QFY19 as against 12.4% in 3QFY18.
  • Net profit for the quarter declined by 256.6% QoQ, while net profit margins declined from 3.0% in 3QFY18 to -4.9% in 4QFY19.

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 61.7 to Rs 56.1, registering a Loss of Rs 5.6 or around 9.0%.

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 56.1, the price to earnings (P/E) ratio of WELSPUN INDIA stands at 24.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

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