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- WEST COAST PAPER MILLS Announces Quarterly Results (4QFY19); Net Profit Down 28.9%
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 Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 4,936 | 4,354 | 5,806 | 33.4% | 17.6% |
| Other income | Rs m | 54 | 27 | 50 | 86.5% | -8.4% |
| Turnover | Rs m | 4,990 | 4,380 | 5,855 | 33.7% | 17.3% |
| Expenses | Rs m | 3,691 | 3,260 | 4,337 | 33.0% | 17.5% |
| Gross profit | Rs m | 1,245 | 1,093 | 1,469 | 34.4% | 18.1% |
| Depreciation | Rs m | 333 | 446 | 488 | 9.5% | 46.5% |
| Interest | Rs m | 179 | 24 | 58 | 142.5% | -67.5% |
| Profit before tax | Rs m | 787 | 650 | 972 | 49.6% | 23.6% |
| Tax | Rs m | -1 | -25 | 413 | ||
| Profit after tax | Rs m | 788 | 675 | 560 | -17.1% | -28.9% |
| Gross profit margin | % | 25.2 | 25.1 | 25.3 | ||
| Effective tax rate | % | -0.1 | -3.9 | 42.4 | ||
| Net profit margin | % | 15.8 | 15.4 | 9.6 |
Interim results exclude extraordinary / exceptional items
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 2017-18 Annual Report Analysis (Annual Result Update)
Apr 2, 2019 | Updated on Apr 2, 2019Here's an analysis of the annual report of WEST COAST PAPER MILLS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of WEST COAST PAPER MILLS. Also includes updates on the valuation of WEST COAST PAPER MILLS.
WEST COAST PAPER MILLS Announces Quarterly Results (3QFY19); Net Profit Up 57.3% (Quarterly Result Update)
Feb 15, 2019 | Updated on Feb 15, 2019For 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.
WEST COAST PAPER MILLS Announces Quarterly Results (2QFY19); Net Profit Up 85.2% (Quarterly Result Update)
Nov 27, 2018 | Updated on Nov 27, 2018For the quarter ended September 2018, WEST COAST PAPER MILLS has posted a net profit of Rs 885 m (up 85.2% YoY). Sales on the other hand came in at Rs 5 bn (up 19.8% YoY). Read on for a complete analysis of WEST COAST PAPER MILLS's quarterly results.
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