WELSPUN CORP Announces Quarterly Results (1QFY19); Net Profit Down 6.8%

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WELSPUN CORP Announces Quarterly Results (1QFY19); Net Profit Down 6.8%
Thu, 26 Jul

WELSPUN CORP has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

WELSPUN CORP Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m16,18216,58920,23422.0%25.0%
Other incomeRs m63634662179.4%-2.2%
TurnoverRs m16,81816,93620,85523.1%24.0%
ExpensesRs m14,12015,35718,65821.5%32.1%
Gross profitRs m2,0631,2331,57527.8%-23.6%
DepreciationRs m9579079585.6%0.0%
InterestRs m5334114243.1%-20.5%
Profit before taxRs m1,208261815212.1%-32.5%
TaxRs m4478010632.2%-76.3%
Profit after taxRs m761181709291.7%-6.8%
Gross profit margin%12.77.47.8
Effective tax rate%37.030.713.0
Net profit margin%4.51.13.4
* 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 25.0% on a year-on-year (YoY) basis. The expenses were up by 32.1% YoY during the same period.
  • The company's operating profit declined by 23.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.8% in 1QFY19 as against 12.7% in 1QFY18.
  • Depreciation charges and finance costs increased by 0.0% YoY and 20.5% YoY, respectively.
  • Other income declined by 2.2% YoY during the quarter.
  • Net profit for the quarter declined by 6.8% YoY. Net profit margins during the quarter declined from 4.5% in 1QFY18 to 3.4% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 22.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 21.5% QoQ during the same period.
  • The company's operating profit increased by 27.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.8% in 1QFY19 as against 7.4% in 4QFY18.
  • Net profit for the quarter increased by 291.7% QoQ, while net profit margins increased from 1.1% in 4QFY18 to 3.4% in 1QFY19.

To see how WELSPUN CORP has performed over the last eight quarters, please visit here.

WELSPUN CORP Share Price Performance

Over the last one year, WELSPUN CORP share price has moved up from Rs 129.1 to Rs 110.6, registering a Loss of Rs 18.6 or around 14.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,058.7 (down 0.4%). Over the last one year it has moved up from 17,806.7 to 18,058.7, a gain of 252 points (up 1.4%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 110.6, the price to earnings (P/E) ratio of WELSPUN CORP stands at 12.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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