WIM PLAST Announces Quarterly Results (4QFY19); Net Profit Down 12.9%
Thu, 13 Jun

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

WIM PLAST Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,1218351,00520.3%-10.3%
Other incomeRs m44770.7%52.7%
TurnoverRs m1,1258391,01220.6%-10.0%
ExpensesRs m85267276714.1%-9.9%
Gross profitRs m26816323845.9%-11.1%
DepreciationRs m394443-1.7%12.7%
InterestRs m000-8.5%126.3%
Profit before taxRs m23312320164.1%-13.9%
TaxRs m82426965.1%-15.9%
Profit after taxRs m1528113263.5%-12.9%
Gross profit margin%23.919.523.7
Effective tax rate%34.933.934.1
Net profit margin%13.59.613.1
* 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 10.3% on a year-on-year (YoY) basis. The expenses were down by 9.9% YoY during the same period.
  • The company's operating profit declined by 11.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 23.7% in 4QFY19.
  • Depreciation charges increased by 12.7% and finance costs increased by 126.3% YoY, respectively.
  • Other income increased by 52.7% YoY during the quarter.
  • Net profit for the quarter declined by 12.9% YoY. Net profit margins during the quarter declined from 13.5% in 4QFY18 to 13.1% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 20.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 14.1% QoQ during the same period.
  • The company's operating profit increased by 45.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.7% in 4QFY19 as against 19.5% in 3QFY18.
  • Net profit for the quarter increased by 63.5% QoQ, while net profit margins increased from 9.7% in 3QFY18 to 13.1% in 4QFY19.

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

WIM PLAST Share Price Performance

Over the last one year, WIM PLAST share price has moved up from Rs 928.3 to Rs 479.9, registering a Loss of Rs 448.4 or around 48.3%.

Overall, the S&P BSE SENSEX is up 10.8% over the year.

Current Valuations

At the current price of Rs 479.9, the price to earnings (P/E) ratio of WIM PLAST stands at 14.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.