WEST COAST PAPER MILLS Announces Quarterly Results (1QFY19); Net Profit Up 56.5%

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WEST COAST PAPER MILLS Announces Quarterly Results (1QFY19); Net Profit Up 56.5%
Mon, 20 Aug

WEST COAST PAPER MILLS has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

WEST COAST PAPER MILLS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m4,1024,9364,597-6.9%12.1%
Other incomeRs m31549270.1%198.0%
TurnoverRs m4,1334,9904,689-6.0%13.4%
ExpensesRs m3,2763,6913,406-7.7%4.0%
Gross profitRs m8271,2451,191-4.3%44.0%
DepreciationRs m26233339318.1%50.2%
InterestRs m80179105-41.3%31.3%
Profit before taxRs m516787784-0.3%52.0%
TaxRs m-21-1-56
Profit after taxRs m5377888406.7%56.5%
Gross profit margin%20.225.225.9
Effective tax rate%-4.1-0.1-7.1
Net profit margin%13.015.817.9
* 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 12.1% on a year-on-year (YoY) basis. The expenses were up by 4.0% YoY during the same period.
  • The company's operating profit increased by 44.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.9% in 1QFY19 as against 20.2% in 1QFY18.
  • Depreciation charges and finance costs increased by 50.2% YoY and 31.3% YoY, respectively.
  • Other income increased by 198.0% YoY during the quarter.
  • Net profit for the quarter increased by 56.5% YoY. Net profit margins during the quarter increased from 13.0% in 1QFY18 to 17.9% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.7% QoQ during the same period.
  • The company's operating profit increased by 4.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.9% in 1QFY19 as against 25.2% in 4QFY18.
  • Net profit for the quarter increased by 6.7% QoQ, while net profit margins increased from 15.8% in 4QFY18 to 17.9% in 1QFY19.

To see how WEST COAST PAPER MILLS has performed over the last eight quarters, please visit here.

WEST COAST PAPER MILLS Share Price Performance

Over the last one year, WEST COAST PAPER MILLS share price has moved up from Rs 190.5 to Rs 344.5, registering a Gain of Rs 154.0 or around 80.8%.

Overall, the S&P BSE SENSEX is up 20.5% over the year.

Current Valuations

At the current price of Rs 344.5, the price to earnings (P/E) ratio of WEST COAST PAPER MILLS stands at 9.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.8 times.

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