WOCKHARDT Announces Quarterly Results (4QFY19); Net Profit Up 90.8%

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WOCKHARDT Announces Quarterly Results (4QFY19); Net Profit Up 90.8%
Tue, 7 May

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

WOCKHARDT Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m10,18310,4599,791-6.4%-3.8%
Other incomeRs m-842154160.6%
TurnoverRs m10,09910,4799,846-6.0%-2.5%
ExpensesRs m10,24410,6379,236-13.2%-9.8%
Gross profitRs m-45-178556
DepreciationRs m38241245410.2%18.9%
InterestRs m650636635-0.1%-2.2%
Profit before taxRs m-1,160-1,206-480
TaxRs m352-437-341-196.8%
Profit after taxRs m-1,513-769-139
Gross profit margin%-0.4-1.75.7
Effective tax rate%-30.436.371.0
Net profit margin%-15.0-7.3-1.4
* 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 3.8% on a year-on-year (YoY) basis. The expenses were down by 9.8% YoY during the same period.
  • The company's operating profit declined by 1348.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.7% in 4QFY19 as against 0.4% in 4QFY18.
  • Depreciation charges increased by 18.9% and finance costs declined by 2.2% YoY, respectively.
  • Other income declined by 164.4% YoY during the quarter.
  • Net profit for the quarter increased by 90.8% YoY. Net profit margins during the quarter increased from -15.0% in 4QFY18 to -1.4% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 13.2% QoQ during the same period.
  • The company's operating profit increased by 411.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.7% in 4QFY19 as against 1.7% in 3QFY18.
  • Net profit for the quarter increased by 81.9% QoQ, while net profit margins increased from -7.3% in 3QFY18 to -1.4% in 4QFY19.

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 up from Rs 740.1 to Rs 405.1, registering a Loss of Rs 335.0 or around 45.3%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,122.9 (up 0.2%). Over the last one year it has moved up from 13,771.4 to 14,122.9, a gain of 351 points (up 2.6%).

Overall, the S&P BSE SENSEX is up 9.8% over the year.

Current Valuations

At the current price of Rs 405.1, the price to book value (P/BV) ratio of WOCKHARDT stands at 1.6 times.

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