WELSPUN CORP Announces Quarterly Results (1QFY20); Net Profit Up 54.0%

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WELSPUN CORP Announces Quarterly Results (1QFY20); Net Profit Up 54.0%
Thu, 8 Aug

WELSPUN CORP has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

WELSPUN CORP Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m20,23427,56120,471-25.7%1.2%
Other incomeRs m62191418357.0%-32.8%
TurnoverRs m20,85527,65320,889-24.5%0.2%
ExpensesRs m18,65827,23918,473-32.2%-1.0%
Gross profitRs m1,5753221,998520.5%26.8%
DepreciationRs m958614545-11.2%-43.1%
InterestRs m424536395-26.4%-6.9%
Profit before taxRs m815-7361,47681.1%
TaxRs m106462384-17.0%262.3%
Profit after taxRs m709-1,1981,09354.0%
Gross profit margin%7.81.29.8
Effective tax rate%13.0-62.826.0
Net profit margin%3.4-4.35.2
* 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 1.2% on a year-on-year (YoY) basis. The expenses were down by 1.0% YoY during the same period.
  • The company's operating profit increased by 26.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.8% in 1QFY20 as against 7.8% in 1QFY19.
  • Depreciation charges declined by 43.1% and finance costs declined by 6.9% YoY, respectively.
  • Other income declined by 32.8% YoY during the quarter.
  • Net profit for the quarter increased by 54.0% YoY. Net profit margins during the quarter increased from 3.4% in 1QFY19 to 5.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 25.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 32.2% QoQ during the same period.
  • The company's operating profit increased by 520.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.8% in 1QFY20 as against 1.2% in 4QFY19.
  • Net profit for the quarter increased by 191.2% QoQ, while net profit margins increased from -4.3% in 4QFY19 to 5.2% in 1QFY20.

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 down from Rs 127.0 to Rs 116.8, registering a Loss of Rs 10.2 or around 8.0%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,090.4 (down 0.6%). Over the last one year it has moved down from 18,358.1 to 17,090.4, a gain of 1,268 points (down 6.9%).

Overall, the S&P BSE SENSEX is down 2.5% over the year.

Current Valuations

At the current price of Rs 116.8, the price to earnings (P/E) ratio of WELSPUN CORP stands at 31.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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