WELSPUN CORP Announces Quarterly Results (2QFY19); Net Profit Down 0.4%

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?  

WELSPUN CORP Announces Quarterly Results (2QFY19); Net Profit Down 0.4%
Mon, 5 Nov

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

WELSPUN CORP Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m20,06020,23423,54716.4%17.4%
Other incomeRs m37262185337.3%129.5%
TurnoverRs m20,43220,85524,40017.0%19.4%
ExpensesRs m18,20618,65822,01518.0%20.9%
Gross profitRs m1,8541,5751,209-23.2%-34.8%
DepreciationRs m980958954-0.4%-2.6%
InterestRs m53542450719.6%-5.3%
Profit before taxRs m711815601-26.2%-15.5%
TaxRs m15010643-59.5%-71.5%
Profit after taxRs m561709558-21.3%-0.4%
Gross profit margin%9.27.85.1
Effective tax rate%21.113.07.1
Net profit margin%2.73.42.3
* 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 17.4% on a year-on-year (YoY) basis. The expenses were up by 20.9% YoY during the same period.
  • The company's operating profit declined by 34.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.1% in 2QFY19 as against 9.2% in 2QFY18.
  • Depreciation charges declined by 2.6% and finance costs declined by 5.3% YoY, respectively.
  • Other income increased by 129.5% YoY during the quarter.
  • Net profit for the quarter declined by 0.4% YoY. Net profit margins during the quarter declined from 2.7% in 2QFY18 to 2.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 16.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 18.0% QoQ during the same period.
  • The company's operating profit declined by 23.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.1% in 2QFY19 as against 7.8% in 1QFY18.
  • Net profit for the quarter declined by 21.3% QoQ, while net profit margins declined from 3.4% in 1QFY18 to 2.3% in 2QFY19.

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 157.9 to Rs 140.4, registering a Loss of Rs 17.5 or around 11.1%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,063.1 (down 0.4%). Over the last one year it has moved down from 18,601.4 to 18,063.1, a gain of 538 points (down 2.9%).

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 140.4, the price to earnings (P/E) ratio of WELSPUN CORP stands at 15.8 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 "WELSPUN CORP Announces Quarterly Results (2QFY19); Net Profit Down 0.4%". Click here!

  

Related Views on News

WELSPUN CORP Announces Quarterly Results (2QFY20); Net Profit Up 116.4% (Quarterly Result Update)

Oct 25, 2019 | Updated on Oct 25, 2019

For the quarter ended September 2019, WELSPUN CORP has posted a net profit of Rs 1 bn (up 116.4% YoY). Sales on the other hand came in at Rs 23 bn (down 3.9% YoY). Read on for a complete analysis of WELSPUN CORP's quarterly results.

WELSPUN CORP 2018-19 Annual Report Analysis (Annual Result Update)

Sep 23, 2019 | Updated on Sep 23, 2019

Here's an analysis of the annual report of WELSPUN CORP for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of WELSPUN CORP. Also includes updates on the valuation of WELSPUN CORP.

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

Aug 8, 2019 | Updated on Aug 8, 2019

For the quarter ended June 2019, WELSPUN CORP has posted a net profit of Rs 1 bn (up 54.0% YoY). Sales on the other hand came in at Rs 20 bn (up 1.2% YoY). Read on for a complete analysis of WELSPUN CORP's quarterly results.

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

Should you apply for the IPO of Garden Reach Shipbuilders and Engineers Ltd?

More Views on News

Most Popular

How to Find the Best Stocks for Day Trading - 1(Fast Profits Daily)

Jul 2, 2020

In the first of two videos, I'll show you how to identify the best stocks for intraday trading.

Two Agri Stocks Are Likely to Outperform Even in this Market(Profit Hunter)

Jul 2, 2020

Why we have recommended two agriculture stocks for our Hidden Treasure subscribers. Read on...

Smallcaps Are in a Sweet Spot Again: Are You Buying?(Profit Hunter)

Jul 3, 2020

This is why I believe smallcaps are the place to be in the near future.

How We Made 10%+ Profits Overnight(Fast Profits Daily)

Jul 3, 2020

A simple trade in natural gas delivered more than 10% overnight. Here's how we did it...

More

India's #1 Trader
Reveals His Secrets

The 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

WELSPUN CORP SHARE PRICE


Jul 15, 2020 12:55 PM

TRACK WELSPUN CORP

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

WELSPUN CORP 5-YR ANALYSIS

COMPARE WELSPUN CORP WITH

MARKET STATS