WEST COAST PAPER MILLS Announces Quarterly Results (3QFY20); Net Profit Down 40.9%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

WEST COAST PAPER MILLS Announces Quarterly Results (3QFY20); Net Profit Down 40.9%
Fri, 14 Feb

WEST COAST PAPER MILLS has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

WEST COAST PAPER MILLS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m4,3545,0984,762-6.6%9.4%
Other incomeRs m27140123-12.0%363.1%
TurnoverRs m4,3805,2384,885-6.7%11.5%
ExpensesRs m3,2603,8083,9072.6%19.9%
Gross profitRs m1,0931,290855-33.8%-21.8%
DepreciationRs m446421412-2.2%-7.6%
InterestRs m24118247109.9%931.4%
Profit before taxRs m650891319-64.2%-50.9%
TaxRs m-2571-80-212.3%
Profit after taxRs m675820399-51.4%-40.9%
Gross profit margin%25.125.317.9
Effective tax rate%-3.98.0-25.0
Net profit margin%15.415.78.2
* 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 9.4% on a year-on-year (YoY) basis. The expenses were up by 19.9% YoY during the same period.
  • The company's operating profit declined by 21.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.9% in 3QFY20 as against 25.1% in 3QFY19.
  • Depreciation charges declined by 7.6% and finance costs increased by 931.4% YoY, respectively.
  • Other income increased by 363.1% YoY during the quarter.
  • Net profit for the quarter declined by 40.9% YoY. Net profit margins during the quarter declined from 15.4% in 3QFY19 to 8.2% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.6% QoQ during the same period.
  • The company's operating profit declined by 33.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.9% in 3QFY20 as against 25.3% in 2QFY19.
  • Net profit for the quarter declined by 51.4% QoQ, while net profit margins declined from 15.7% in 2QFY19 to 8.2% in 3QFY20.

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

Get Details: We are Bullish on These 3 Little-known Stocks

WEST COAST PAPER MILLS Share Price Performance

Over the last one year,WEST COAST PAPER MILLS share price has moved down from Rs 230.1 to Rs 215.9, registering a Loss of Rs 14.2 or around 6.2%.

Overall, the S&P BSE SENSEX is up 14.5% over the year.

Current Valuations

At the current price of Rs 215.9, the price to earnings (P/E) ratio of WEST COAST PAPER MILLS stands at 5.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

Equitymaster requests your view! Post a comment on "WEST COAST PAPER MILLS Announces Quarterly Results (3QFY20); Net Profit Down 40.9%". Click here!

  

Related Views on News

WEST COAST PAPER MILLS Announces Quarterly Results (4QFY19); Net Profit Down 28.9% (Quarterly Result Update)

Jun 14, 2019 | Updated on Jun 14, 2019

For the quarter ended March 2019, WEST COAST PAPER MILLS has posted a net profit of Rs 560 m (down 28.9% YoY). Sales on the other hand came in at Rs 6 bn (up 17.6% YoY). Read on for a complete analysis of WEST COAST PAPER MILLS's quarterly results.

More Views on News

Most Popular

Is Intraday Trading For You?(Fast Profits Daily)

May 13, 2021

Do you think you have what it takes to be an intraday trader? Find out in this video.

My Secret to Find Breakthrough Stocks(Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.

Are the Stock Markets Deaf to Covid Agony?(Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

The Key to Profit from India's EV Revolution(Profit Hunter)

May 7, 2021

Stocks you must consider investing in before buying your first electric vehicle.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

WEST COAST PAPER MILLS SHARE PRICE


May 18, 2021 (Close)

TRACK WEST COAST PAPER MILLS

  • Track your investment in WEST COAST PAPER MILLS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON WEST COAST PAPER MILLS

WEST COAST PAPER MILLS - LEE & MAN COMPARISON

COMPARE WEST COAST PAPER MILLS WITH

MARKET STATS