WOCKHARDT LTD. Announces Quarterly Results (2QFY19); Net Profit Down 158.2%

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WOCKHARDT LTD. Announces Quarterly Results (2QFY19); Net Profit Down 158.2%
Mon, 12 Nov

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

WOCKHARDT LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m10,22310,07711,25711.7%10.1%
Other incomeRs m5467461-18.0%-88.8%
TurnoverRs m10,76810,15111,31811.5%5.1%
ExpensesRs m10,01010,03310,5835.5%5.7%
Gross profitRs m213133755466.3%254.2%
DepreciationRs m3623924022.6%11.1%
InterestRs m676727651-10.4%-3.7%
Profit before taxRs m-279-911-237
TaxRs m-191-49-10
Profit after taxRs m-88-862-228
Gross profit margin%2.11.36.7
Effective tax rate%68.45.44.0
Net profit margin%-0.8-8.5-2.0
* 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 10.1% on a year-on-year (YoY) basis. The expenses were up by 5.7% YoY during the same period.
  • The company's operating profit increased by 254.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.7% in 2QFY19 as against 2.1% in 2QFY18.
  • Depreciation charges increased by 11.1% and finance costs declined by 3.7% YoY, respectively.
  • Other income declined by 88.8% YoY during the quarter.
  • Net profit for the quarter declined by 158.2% YoY. Net profit margins during the quarter declined from -0.8% in 2QFY18 to -2.0% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.5% QoQ during the same period.
  • The company's operating profit increased by 466.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.7% in 2QFY19 as against 1.3% in 1QFY18.
  • Net profit for the quarter increased by 73.6% QoQ, while net profit margins increased from -8.5% in 1QFY18 to -2.0% in 2QFY19.

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 700.6 to Rs 560.4, registering a Loss of Rs 140.3 or around 20.0%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,737.0 (up 0.3%). Over the last one year it has moved up from 13,858.9 to 14,737.0, a gain of 878 points (up 6.3%).

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 560.4, the price to book value (P/BV) ratio of WOCKHARDT LTD. stands at 2.2 times.

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