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

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WEST COAST PAPER MILLS Announces Quarterly Results (4QFY19); Net Profit Down 28.9%
Fri, 14 Jun

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

WEST COAST PAPER MILLS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m4,9364,3545,80633.4%17.6%
Other incomeRs m54275086.5%-8.4%
TurnoverRs m4,9904,3805,85533.7%17.3%
ExpensesRs m3,6913,2604,33733.0%17.5%
Gross profitRs m1,2451,0931,46934.4%18.1%
DepreciationRs m3334464889.5%46.5%
InterestRs m1792458142.5%-67.5%
Profit before taxRs m78765097249.6%23.6%
TaxRs m-1-25413
Profit after taxRs m788675560-17.1%-28.9%
Gross profit margin%25.225.125.3
Effective tax rate%-0.1-3.942.4
Net profit margin%15.815.49.6
* 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 17.6% on a year-on-year (YoY) basis. The expenses were up by 17.5% YoY during the same period.
  • The company's operating profit increased by 18.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 25.3% in 4QFY19.
  • Depreciation charges increased by 46.5% and finance costs declined by 67.5% YoY, respectively.
  • Other income declined by 8.4% YoY during the quarter.
  • Net profit for the quarter declined by 28.9% YoY. Net profit margins during the quarter declined from 15.8% in 4QFY18 to 9.6% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 33.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 33.0% QoQ during the same period.
  • The company's operating profit increased by 34.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.3% in 4QFY19 as against 25.1% in 3QFY18.
  • Net profit for the quarter declined by 17.1% QoQ, while net profit margins declined from 15.4% in 3QFY18 to 9.6% in 4QFY19.

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 275.7 to Rs 237.7, registering a Loss of Rs 38.1 or around 13.8%.

Overall, the S&P BSE SENSEX is up 10.9% over the year.

Current Valuations

At the current price of Rs 237.7, the price to earnings (P/E) ratio of WEST COAST PAPER MILLS stands at 5.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

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WEST COAST PAPER MILLS Announces Quarterly Results (3QFY19); Net Profit Up 57.3% (Quarterly Result Update)

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For the quarter ended December 2018, WEST COAST PAPER MILLS has posted a net profit of Rs 675 m (up 57.3% YoY). Sales on the other hand came in at Rs 4 bn (up 6.6% YoY). Read on for a complete analysis of WEST COAST PAPER MILLS's quarterly results.

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