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

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WELSPUN CORP Announces Quarterly Results (4QFY19); Net Profit Down 761.7%
Fri, 17 May

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

WELSPUN CORP Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m16,58926,57927,5613.7%66.1%
Other incomeRs m34640191-77.2%-73.6%
TurnoverRs m16,93626,97927,6532.5%63.3%
ExpensesRs m15,35724,74527,23910.1%77.4%
Gross profitRs m1,2331,834322-82.4%-73.9%
DepreciationRs m907944614-35.0%-32.3%
InterestRs m41147553612.9%30.4%
Profit before taxRs m261816-736-190.2%-381.9%
TaxRs m8030246253.3%476.9%
Profit after taxRs m181515-1,198-332.9%-761.7%
Gross profit margin%7.46.91.2
Effective tax rate%30.736.9-62.8
Net profit margin%1.11.9-4.3
* 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 66.1% on a year-on-year (YoY) basis. The expenses were up by 77.4% YoY during the same period.
  • The company's operating profit declined by 73.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.2% in 4QFY19 as against 7.4% in 4QFY18.
  • Depreciation charges declined by 32.3% and finance costs increased by 30.4% YoY, respectively.
  • Other income declined by 73.6% YoY during the quarter.
  • Net profit for the quarter declined by 761.7% YoY. Net profit margins during the quarter declined from 1.1% in 4QFY18 to -4.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.1% QoQ during the same period.
  • The company's operating profit declined by 82.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.2% in 4QFY19 as against 6.9% in 3QFY18.
  • Net profit for the quarter declined by 332.9% QoQ, while net profit margins declined from 1.9% in 3QFY18 to -4.3% in 4QFY19.

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 136.9 to Rs 126.8, registering a Loss of Rs 10.1 or around 7.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,573.9 (up 0.4%). Over the last one year it has moved down from 19,018.2 to 17,573.9, a gain of 1,444 points (down 7.6%).

Overall, the S&P BSE SENSEX is up 6.2% over the year.

Current Valuations

At the current price of Rs 126.8, the price to earnings (P/E) ratio of WELSPUN CORP stands at 57.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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