WEST COAST PAPER MILLS Announces Quarterly Results (2QFY19); Net Profit Up 85.2%

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WEST COAST PAPER MILLS Announces Quarterly Results (2QFY19); Net Profit Up 85.2%
Tue, 27 Nov

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

WEST COAST PAPER MILLS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m4,2154,5975,0489.8%19.8%
Other incomeRs m89225-72.9%230.6%
TurnoverRs m4,2234,6895,0738.2%20.1%
ExpensesRs m3,3823,4063,6988.6%9.4%
Gross profitRs m8341,1911,35013.4%62.0%
DepreciationRs m2803934258.0%51.7%
InterestRs m116105103-1.7%-11.3%
Profit before taxRs m4457848478.0%90.5%
TaxRs m-33-56-38
Profit after taxRs m4788408855.3%85.2%
Gross profit margin%19.825.926.7
Effective tax rate%-7.4-7.1-4.4
Net profit margin%11.317.917.4
* 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 grew 19.8% on a year-on-year (YoY) basis. The expenses were up by 9.4% YoY during the same period.
  • The company's operating profit increased by 62.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.7% in 2QFY19 as against 19.8% in 2QFY18.
  • Depreciation charges increased by 51.7% and finance costs declined by 11.3% YoY, respectively.
  • Other income increased by 230.6% YoY during the quarter.
  • Net profit for the quarter increased by 85.2% YoY. Net profit margins during the quarter increased from 11.3% in 2QFY18 to 17.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.6% QoQ during the same period.
  • The company's operating profit increased by 13.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.7% in 2QFY19 as against 25.9% in 1QFY18.
  • Net profit for the quarter increased by 5.3% QoQ, while net profit margins declined from 17.9% in 1QFY18 to 17.4% in 2QFY19.

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 229.1 to Rs 343.8, registering a Gain of Rs 114.7 or around 50.0%.

Overall, the S&P BSE SENSEX is up 5.0% over the year.

Current Valuations

At the current price of Rs 343.8, the price to earnings (P/E) ratio of WEST COAST PAPER MILLS stands at 7.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.8 times.

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