WALCHANDNAGAR Announces Quarterly Results (3QFY19); Net Profit Up 129.9%
Wed, 13 Feb

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

WALCHANDNAGAR Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,1631,045951-9.0%-18.3%
Other incomeRs m810736-66.5%369.7%
TurnoverRs m1,1711,151987-14.3%-15.7%
ExpensesRs m962870701-19.4%-27.1%
Gross profitRs m20117525043.2%24.0%
DepreciationRs m8267692.2%-16.1%
InterestRs m1931921972.7%2.3%
Profit before taxRs m-662220-9.7%
TaxRs m0000.0%0.0%
Profit after taxRs m-662220-9.7%
Gross profit margin%17.316.726.3
Effective tax rate%0.00.00.0
Net profit margin%-5.61.92.0
* 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 18.3% on a year-on-year (YoY) basis. The expenses were down by 27.1% YoY during the same period.
  • The company's operating profit increased by 24.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.3% in 3QFY19 as against 17.3% in 3QFY18.
  • Depreciation charges declined by 16.1% and finance costs increased by 2.3% YoY, respectively.
  • Other income increased by 369.7% YoY during the quarter.
  • Net profit for the quarter increased by 129.9% YoY. Net profit margins during the quarter increased from -5.6% in 3QFY18 to 2.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 19.4% QoQ during the same period.
  • The company's operating profit increased by 43.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.3% in 3QFY19 as against 16.7% in 2QFY18.
  • Net profit for the quarter declined by 9.7% QoQ, while net profit margins increased from 1.9% in 2QFY18 to 2.0% in 3QFY19.

To see how WALCHANDNAGAR has performed over the last eight quarters, please visit here.

WALCHANDNAGAR Share Price Performance

Over the last one year, WALCHANDNAGAR share price has moved up from Rs 206.0 to Rs 78.4, registering a Loss of Rs 127.6 or around 61.9%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,517.8 (down 0.3%). Over the last one year it has moved down from 19,558.3 to 16,517.8, a gain of 3,040 points (down 15.5%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 78.4, the price to earnings (P/E) ratio of WALCHANDNAGAR stands at 47.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.