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WIM PLAST LTD. Announces Quarterly Results (4QFY18); Net Profit Down 5.8%

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WIM PLAST LTD. Announces Quarterly Results (4QFY18); Net Profit Down 5.8%
Wed, 13 Jun

WIM PLAST LTD. has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

WIM PLAST LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m1,0098881,12126.2%11.0%
Other incomeRs m63462.8%-21.8%
TurnoverRs m1,0158911,12526.3%10.8%
ExpensesRs m74270085221.7%14.8%
Gross profitRs m26818926842.0%0.0%
DepreciationRs m314139-5.8%23.0%
InterestRs m000-45.7%-57.8%
Profit before taxRs m24215023355.6%-3.4%
TaxRs m80498266.0%1.4%
Profit after taxRs m16110115250.6%-5.8%
Gross profit margin%26.521.223.9
Effective tax rate%33.332.834.9
Net profit margin%15.911.313.5
* 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 11.0% on a year-on-year (YoY) basis. The expenses were up by 14.8% YoY during the same period.
  • The company's operating profit increased by 0.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.9% in 4QFY18 as against 26.5% in 4QFY17.
  • Depreciation charges and finance costs increased by 23.0% YoY and 57.8% YoY, respectively.
  • Other income declined by 21.8% YoY during the quarter.
  • Net profit for the quarter declined by 5.8% YoY. Net profit margins during the quarter declined from 15.9% in 4QFY17 to 13.5% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 26.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 21.7% QoQ during the same period.
  • The company's operating profit declined by 42.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.9% in 4QFY18 as against 21.2% in 3QFY17.
  • Net profit for the quarter increased by 50.6% QoQ, while net profit margins increased from 11.3% in 3QFY17 to 13.5% in 4QFY18.

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

WIM PLAST LTD. Share Price Performance

Over the last one year, WIM PLAST LTD. share price has moved up from Rs 1,531.7 to Rs 930.0, registering a Loss of Rs -601.7 or around 39.3%.

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 930.0, the price to earnings (P/E) ratio of WIM PLAST LTD. stands at 25.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.3 times.

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Related Views on News

WIM PLAST LTD. Announces Quarterly Results (2QFY19); Net Profit Down 17.5% (Quarterly Result Update)

Nov 27, 2018 | Updated on Nov 27, 2018

For the quarter ended September 2018, WIM PLAST LTD. has posted a net profit of Rs 80 m (down 17.5% YoY). Sales on the other hand came in at Rs 755 m (down 22.5% YoY). Read on for a complete analysis of WIM PLAST LTD.'s quarterly results.

WIM PLAST LTD. Announces Quarterly Results (1QFY19); Net Profit Up 6.6% (Quarterly Result Update)

Aug 16, 2018 | Updated on Aug 16, 2018

For the quarter ended June 2018, WIM PLAST LTD. has posted a net profit of Rs 100 m (up 6.6% YoY). Sales on the other hand came in at Rs 925 m (down 5.7% YoY). Read on for a complete analysis of WIM PLAST LTD.'s quarterly results.

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