WIM PLAST Announces Quarterly Results (1QFY20); Net Profit Up 30.5%

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WIM PLAST Announces Quarterly Results (1QFY20); Net Profit Up 30.5%
Fri, 16 Aug

WIM PLAST has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

WIM PLAST Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m9251,005899-10.5%-2.7%
Other incomeRs m571043.0%100.6%
TurnoverRs m9291,012909-10.2%-2.2%
ExpensesRs m739767711-7.2%-3.7%
Gross profitRs m186238188-21.1%1.3%
DepreciationRs m4043466.0%15.9%
InterestRs m001100.0%115.0%
Profit before taxRs m150201151-25.1%0.3%
TaxRs m516921-70.0%-59.2%
Profit after taxRs m100132130-1.8%30.5%
Gross profit margin%20.123.720.9
Effective tax rate%33.734.113.7
Net profit margin%10.713.114.3
* 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 fell 2.7% on a year-on-year (YoY) basis. The expenses were down by 3.7% YoY during the same period.
  • The company's operating profit increased by 1.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.9% in 1QFY20 as against 20.1% in 1QFY19.
  • Depreciation charges increased by 15.9% and finance costs increased by 115.0% YoY, respectively.
  • Other income increased by 100.6% YoY during the quarter.
  • Net profit for the quarter increased by 30.5% YoY. Net profit margins during the quarter increased from 10.7% in 1QFY19 to 14.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.2% QoQ during the same period.
  • The company's operating profit declined by 21.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.9% in 1QFY20 as against 23.7% in 4QFY19.
  • Net profit for the quarter declined by 1.8% QoQ, while net profit margins increased from 13.0% in 4QFY19 to 14.3% in 1QFY20.

To see how WIM PLAST has performed over the last eight quarters,please visit here.

WIM PLAST Share Price Performance

Over the last one year,WIM PLAST share price has moved down from Rs 943.9 to Rs 443.0, registering a Loss of Rs 500.9 or around 53.1%.

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 443.0, the price to earnings (P/E) ratio of WIM PLAST stands at 12.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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Related Views on News

WIM PLAST Announces Quarterly Results (4QFY19); Net Profit Down 12.9% (Quarterly Result Update)

Jun 13, 2019 | Updated on Jun 13, 2019

For the quarter ended March 2019, WIM PLAST has posted a net profit of Rs 132 m (down 12.9% YoY). Sales on the other hand came in at Rs 1 bn (down 10.3% YoY). Read on for a complete analysis of WIM PLAST's quarterly results.

WIM PLAST LTD. Announces Quarterly Results (3QFY19); Net Profit Down 19.8% (Quarterly Result Update)

Feb 22, 2019 | Updated on Feb 22, 2019

For the quarter ended December 2018, WIM PLAST LTD. has posted a net profit of Rs 81 m (down 19.8% YoY). Sales on the other hand came in at Rs 835 m (down 6.0% YoY). Read on for a complete analysis of WIM PLAST LTD.'s quarterly results.

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