WOCKHARDT Announces Quarterly Results (1QFY20); Net Profit Up 57.2%

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WOCKHARDT Announces Quarterly Results (1QFY20); Net Profit Up 57.2%
Wed, 28 Aug

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

WOCKHARDT Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m10,0779,7918,631-11.8%-14.3%
Other incomeRs m74548149.1%8.7%
TurnoverRs m10,1519,8468,712-11.5%-14.2%
ExpensesRs m10,0339,2368,232-10.9%-17.9%
Gross profitRs m133556399-28.2%199.4%
DepreciationRs m39245455021.0%40.3%
InterestRs m72763570911.6%-2.4%
Profit before taxRs m-911-480-779
TaxRs m-49-341-410
Profit after taxRs m-862-139-369
Gross profit margin%1.35.74.6
Effective tax rate%5.471.052.6
Net profit margin%-8.5-1.4-4.2
* 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 14.3% on a year-on-year (YoY) basis. The expenses were down by 17.9% YoY during the same period.
  • The company's operating profit increased by 199.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.6% in 1QFY20 as against 1.3% in 1QFY19.
  • Depreciation charges increased by 40.3% and finance costs declined by 2.4% YoY, respectively.
  • Other income increased by 8.7% YoY during the quarter.
  • Net profit for the quarter increased by 57.2% YoY. Net profit margins during the quarter increased from -8.5% in 1QFY19 to -4.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 10.9% QoQ during the same period.
  • The company's operating profit declined by 28.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.6% in 1QFY20 as against 5.7% in 4QFY19.
  • Net profit for the quarter declined by 165.3% QoQ, while net profit margins declined from -1.4% in 4QFY19 to -4.2% in 1QFY20.

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

WOCKHARDT Share Price Performance

Over the last one year,WOCKHARDT share price has moved down from Rs 640.4 to Rs 256.0, registering a Loss of Rs 384.4 or around 60.0%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 12,548.7 (down 0.1%). Over the last one year it has moved down from 15,533.1 to 12,548.7, a gain of 2,984 points (down 19.2%).

Overall, the S&P BSE SENSEX is down 3.2% over the year.

Current Valuations

At the current price of Rs 256.0, the price to book value (P/BV) ratio of WOCKHARDT stands at 1.0 times.

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Related Views on News

WOCKHARDT Announces Quarterly Results (3QFY20); Net Profit Up 125.0% (Quarterly Result Update)

Jan 28, 2020 | Updated on Jan 28, 2020

For the quarter ended December 2019, WOCKHARDT has posted a net profit of Rs 192 m (up 125.0% YoY). Sales on the other hand came in at Rs 9 bn (down 16.9% YoY). Read on for a complete analysis of WOCKHARDT's quarterly results.

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