WOCKHARDT LTD. Announces Quarterly Results (1QFY19); Net Profit Down 81.4%

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WOCKHARDT LTD. Announces Quarterly Results (1QFY19); Net Profit Down 81.4%
Mon, 6 Aug

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

WOCKHARDT LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m8,91110,18310,077-1.0%13.1%
Other incomeRs m370-8474-79.9%
TurnoverRs m9,28110,09910,1510.5%9.4%
ExpensesRs m9,51110,24410,033-2.1%5.5%
Gross profitRs m-4,183-45133
DepreciationRs m3723823922.5%5.4%
InterestRs m61165072711.8%18.9%
Profit before taxRs m-4,795-1,160-911
TaxRs m-170352-49-113.9%
Profit after taxRs m-4,626-1,513-862
Gross profit margin%-46.9-0.41.3
Effective tax rate%3.5-30.45.4
Net profit margin%-49.8-15.0-8.5
* 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 13.1% on a year-on-year (YoY) basis. The expenses were up by 5.5% YoY during the same period.
  • The company's operating profit declined by 103.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 1.3% in 1QFY19 as against 46.9% in 1QFY18.
  • Depreciation charges and finance costs increased by 5.4% YoY and 18.9% YoY, respectively.
  • Other income declined by 79.9% YoY during the quarter.
  • Net profit for the quarter declined by 81.4% YoY. Net profit margins during the quarter increased from -49.8% in 1QFY18 to -8.5% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.1% QoQ during the same period.
  • The company's operating profit increased by 399.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 1.3% in 1QFY19 as against 0.4% in 4QFY18.
  • Net profit for the quarter declined by 43.0% QoQ, while net profit margins increased from -15.0% in 4QFY18 to -8.5% in 1QFY19.

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

WOCKHARDT LTD. Share Price Performance

Over the last one year, WOCKHARDT LTD. share price has moved up from Rs 599.7 to Rs 626.5, registering a Gain of Rs 26.8 or around 4.5%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,666.2 (down 0.1%). Over the last one year it has moved up from 13,877.8 to 14,666.2, a gain of 788 points (up 5.7%).

Overall, the S&P BSE SENSEX is up 0.5% over the year.

Current Valuations

At the current price of Rs 626.5, the price to book value (P/BV) ratio of WOCKHARDT LTD. stands at 2.4 times.

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