WENDT (INDIA) Announces Quarterly Results (3QFY20); Net Profit Down 59.6%

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WENDT (INDIA) Announces Quarterly Results (3QFY20); Net Profit Down 59.6%
Mon, 27 Jan

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

WENDT (INDIA) Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m429423340-19.8%-20.8%
Other incomeRs m142910-64.0%-26.2%
TurnoverRs m443452350-22.6%-20.9%
ExpensesRs m345367298-18.7%-13.6%
Gross profitRs m835741-26.9%-50.5%
DepreciationRs m262522-13.8%-15.1%
InterestRs m0000.0%0.0%
Profit before taxRs m726030-50.3%-58.4%
TaxRs m17108-21.2%-54.9%
Profit after taxRs m545022-56.1%-59.6%
Gross profit margin%19.513.312.2
Effective tax rate%24.116.526.2
Net profit margin%12.311.16.3
* 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 20.8% on a year-on-year (YoY) basis. The expenses were down by 13.6% YoY during the same period.
  • The company's operating profit declined by 50.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.2% in 3QFY20 as against 19.5% in 3QFY19.
  • Depreciation charges declined by 15.1% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 26.2% YoY during the quarter.
  • Net profit for the quarter declined by 59.6% YoY. Net profit margins during the quarter declined from 12.3% in 3QFY19 to 6.3% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 19.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.7% QoQ during the same period.
  • The company's operating profit declined by 26.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.2% in 3QFY20 as against 13.3% in 2QFY19.
  • Net profit for the quarter declined by 56.1% QoQ, while net profit margins declined from 11.1% in 2QFY19 to 6.3% in 3QFY20.

To see how WENDT (INDIA) has performed over the last eight quarters,please visit here.

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WENDT (INDIA) Share Price Performance

Over the last one year,WENDT (INDIA) share price has moved down from Rs 3,050.0 to Rs 2,710.0, registering a Loss of Rs 340.0 or around 11.1%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,737.4 (up 0.1%). Over the last one year it has moved up from 17,174.3 to 17,737.4, a gain of 563 points (up 3.3%).

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 2,710.0, the price to earnings (P/E) ratio of WENDT (INDIA) stands at 50.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.5 times.

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