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WABCO INDIA Announces Quarterly Results (1QFY19); Net Profit Up 37.9%

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WABCO INDIA Announces Quarterly Results (1QFY19); Net Profit Up 37.9%
Fri, 27 Jul

WABCO INDIA has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

WABCO INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m5,6617,8497,473-4.8%32.0%
Other incomeRs m10620025125.0%137.5%
TurnoverRs m5,7678,0497,724-4.0%33.9%
ExpensesRs m4,8716,7276,476-3.7%33.0%
Gross profitRs m7911,122997-11.1%26.1%
DepreciationRs m1521601610.4%5.8%
InterestRs m1120-100.0%-100.0%
Profit before taxRs m7431,1501,087-5.5%46.2%
TaxRs m201377339-10.2%68.7%
Profit after taxRs m542772748-3.2%37.9%
Gross profit margin%14.014.313.3
Effective tax rate%27.032.831.2
Net profit margin%9.49.69.7
* 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 32.0% on a year-on-year (YoY) basis. The expenses were up by 33.0% YoY during the same period.
  • The company's operating profit increased by 26.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.3% in 1QFY19 as against 14.0% in 1QFY18.
  • Depreciation charges and finance costs increased by 5.8% YoY and 100.0% YoY, respectively.
  • Other income increased by 137.5% YoY during the quarter.
  • Net profit for the quarter increased by 37.9% YoY. Net profit margins during the quarter increased from 9.4% in 1QFY18 to 9.7% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.7% QoQ during the same period.
  • The company's operating profit declined by 11.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.3% in 1QFY19 as against 14.3% in 4QFY18.
  • Net profit for the quarter declined by 3.2% QoQ, while net profit margins increased from 9.6% in 4QFY18 to 9.7% in 1QFY19.

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

WABCO INDIA Share Price Performance

Over the last one year, WABCO INDIA share price has moved up from Rs 5,417.8 to Rs 6,870.0, registering a Gain of Rs 1,452.2 or around 26.8%.

Overall, the S&P BSE SENSEX is up 0.7% over the year.

Current Valuations

At the current price of Rs 6,870.0, the price to earnings (P/E) ratio of WABCO INDIA stands at 44.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.5 times.

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For the quarter ended December 2018, WABCO INDIA has posted a net profit of Rs 598 m (down 6.3% YoY). Sales on the other hand came in at Rs 7 bn (up 7.7% YoY). Read on for a complete analysis of WABCO INDIA's quarterly results.

WABCO INDIA Announces Quarterly Results (2QFY19); Net Profit Up 23.1% (Quarterly Result Update)

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