WELSPUN CORP Announces Quarterly Results (4QFY18); Net Profit Down 73.6%

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WELSPUN CORP Announces Quarterly Results (4QFY18); Net Profit Down 73.6%
Thu, 19 Jul

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

WELSPUN CORP Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m20,69523,04216,589-28.0%-19.8%
Other incomeRs m1,03019634676.8%-66.4%
TurnoverRs m21,72523,23816,936-27.1%-22.0%
ExpensesRs m18,65921,59315,357-28.9%-17.7%
Gross profitRs m1,7411,4481,233-14.9%-29.2%
DepreciationRs m919949907-4.5%-1.3%
InterestRs m6343754119.7%-35.2%
Profit before taxRs m1,218321261-18.5%-78.6%
TaxRs m532-56580-85.0%
Profit after taxRs m686886181-79.6%-73.6%
Gross profit margin%8.46.37.4
Effective tax rate%43.7-176.430.7
Net profit margin%3.23.81.1
* 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 fell 19.8% on a year-on-year (YoY) basis. The expenses were down by 17.7% YoY during the same period.
  • The company's operating profit declined by 29.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.4% in 4QFY18 as against 8.4% in 4QFY17.
  • Depreciation charges and finance costs declined by 1.3% YoY and 35.2% YoY, respectively.
  • Other income declined by 66.4% YoY during the quarter.
  • Net profit for the quarter declined by 73.6% YoY. Net profit margins during the quarter declined from 3.2% in 4QFY17 to 1.1% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 28.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 28.9% QoQ during the same period.
  • The company's operating profit increased by 14.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.4% in 4QFY18 as against 6.3% in 3QFY17.
  • Net profit for the quarter declined by 79.6% QoQ, while net profit margins declined from 3.8% in 3QFY17 to 1.1% in 4QFY18.

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 111.5 to Rs 104.8, registering a Loss of Rs -6.7 or around 6.0%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,332.2 (down 1.8%). Over the last one year it has moved down from 17,733.2 to 17,332.2, a gain of -401.0 points (down 2.3%).

Overall, the S&P BSE SENSEX is down 0.1% over the year.

Current Valuations

At the current price of Rs 104.8, the price to earnings (P/E) ratio of WELSPUN CORP stands at 11.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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