X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
WELSPUN CORP Announces Quarterly Results (3QFY19); Net Profit Down 41.9%

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 (3QFY19); Net Profit Down 41.9%
Tue, 12 Feb

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

WELSPUN CORP Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m23,04223,54726,57912.9%15.4%
Other incomeRs m196853401-53.0%104.5%
TurnoverRs m23,23824,40026,97910.6%16.1%
ExpensesRs m21,59322,01524,74512.4%14.6%
Gross profitRs m1,4481,2091,83451.6%26.6%
DepreciationRs m949954944-1.1%-0.6%
InterestRs m375507475-6.4%26.8%
Profit before taxRs m32160181635.7%154.6%
TaxRs m-56543302602.8%
Profit after taxRs m886558515-7.9%-41.9%
Gross profit margin%6.35.16.9
Effective tax rate%-176.47.136.9
Net profit margin%3.82.31.9
* 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 15.4% on a year-on-year (YoY) basis. The expenses were up by 14.6% YoY during the same period.
  • The company's operating profit increased by 26.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.9% in 3QFY19 as against 6.3% in 3QFY18.
  • Depreciation charges declined by 0.6% and finance costs increased by 26.8% YoY, respectively.
  • Other income increased by 104.5% YoY during the quarter.
  • Net profit for the quarter declined by 41.9% YoY. Net profit margins during the quarter declined from 3.8% in 3QFY18 to 1.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 12.4% QoQ during the same period.
  • The company's operating profit increased by 51.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.9% in 3QFY19 as against 5.1% in 2QFY18.
  • Net profit for the quarter declined by 7.9% QoQ, while net profit margins declined from 2.3% in 2QFY18 to 1.9% in 3QFY19.

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 164.1 to Rs 98.3, registering a Loss of Rs 65.8 or around 40.1%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,594.9 (down 0.0%). Over the last one year it has moved down from 19,558.3 to 16,594.9, a gain of 2,963 points (down 15.2%).

Overall, the S&P BSE SENSEX is up 6.1% over the year.

Current Valuations

At the current price of Rs 98.3, the price to earnings (P/E) ratio of WELSPUN CORP stands at 13.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

Equitymaster requests your view! Post a comment on "WELSPUN CORP Announces Quarterly Results (3QFY19); Net Profit Down 41.9%". Click here!

  

Related Views on News

WELSPUN CORP Announces Quarterly Results (4QFY19); Net Profit Down 761.7% (Quarterly Result Update)

May 17, 2019 | Updated on May 17, 2019

For the quarter ended March 2019, WELSPUN CORP has posted a net profit of Rs 1 bn (down 761.7% YoY). Sales on the other hand came in at Rs 28 bn (up 66.1% YoY). Read on for a complete analysis of WELSPUN CORP's quarterly results.

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

Nov 5, 2018 | Updated on Nov 5, 2018

For the quarter ended September 2018, WELSPUN CORP has posted a net profit of Rs 558 m (down 0.4% YoY). Sales on the other hand came in at Rs 24 bn (up 17.4% 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?

H.G Infra Engineering Ltd. (IPO)

Feb 24, 2018

Should you subscribe to the IPO of H.G Infra Engineering Ltd.?

Amber Enterprises India Ltd. (IPO)

Jan 16, 2018

Should you subscribe to the IPO of Amber Enterprises India Ltd?

More Views on News

Most Popular

These 3 Smallcap Stocks are Set to Make the Most of Smallcap Rebound(Profit Hunter)

Jul 9, 2019

As the sense of normalcy returns to the markets, the rebound in the quality smallcaps could be huge.

2 Stocks from Super Investor Sanjay Bakshi's Portfolio You Can Bet On...(The 5 Minute Wrapup)

Jul 12, 2019

Despite the current fear prevailing in the markets, both these stocks have the potential to deliver in 4-5 years.

After Disappointing Budget, Here's a Document that Concerns Largecap and Smallcap Investors(The 5 Minute Wrapup)

Jul 8, 2019

A new 'definition' of the stock universe that triggered the smallcap sell-off is back with the latest list...

Union Budget 2019-2020: More Style Over Substance(The 5 Minute Wrapup)

Jul 5, 2019

Did the Union Budget announce measures to stimulate the economy and bolster corporate earnings growth?

Here's What to Do with Falling Small Cap Stocks(Profit Hunter)

Jul 10, 2019

There are some great buying opportunities in the market right now - and the small cap space is your best bet.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

WELSPUN CORP SHARE PRICE


Jul 18, 2019 (Close)

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 - ANSALDO STS COMPARISON

COMPARE WELSPUN CORP WITH

MARKET STATS