WEST COAST PAPER MILLS Announces Quarterly Results (3QFY19); Net Profit Up 57.3%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

WEST COAST PAPER MILLS Announces Quarterly Results (3QFY19); Net Profit Up 57.3%
Fri, 15 Feb

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

WEST COAST PAPER MILLS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m4,0865,0484,354-13.8%6.6%
Other incomeRs m8825276.7%-69.7%
TurnoverRs m4,1745,0734,380-13.7%5.0%
ExpensesRs m3,3553,6983,260-11.8%-2.8%
Gross profitRs m7301,3501,093-19.0%49.7%
DepreciationRs m2874254465.0%55.5%
InterestRs m5310324-76.8%-55.0%
Profit before taxRs m478847650-23.3%36.0%
TaxRs m49-38-25-151.9%
Profit after taxRs m430885675-23.7%57.3%
Gross profit margin%17.926.725.1
Effective tax rate%10.2-4.4-3.9
Net profit margin%10.317.415.4
* 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 6.6% on a year-on-year (YoY) basis. The expenses were down by 2.8% YoY during the same period.
  • The company's operating profit increased by 49.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.1% in 3QFY19 as against 17.9% in 3QFY18.
  • Depreciation charges increased by 55.5% and finance costs declined by 55.0% YoY, respectively.
  • Other income declined by 69.7% YoY during the quarter.
  • Net profit for the quarter increased by 57.3% YoY. Net profit margins during the quarter increased from 10.3% in 3QFY18 to 15.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 13.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.8% QoQ during the same period.
  • The company's operating profit declined by 19.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.1% in 3QFY19 as against 26.7% in 2QFY18.
  • Net profit for the quarter declined by 23.7% QoQ, while net profit margins declined from 17.4% in 2QFY18 to 15.4% in 3QFY19.

To see how WEST COAST PAPER MILLS has performed over the last eight quarters, please visit here.

WEST COAST PAPER MILLS Share Price Performance

Over the last one year, WEST COAST PAPER MILLS share price has moved up from Rs 271.5 to Rs 232.5, registering a Loss of Rs 39.0 or around 14.4%.

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 232.5, the price to earnings (P/E) ratio of WEST COAST PAPER MILLS stands at 4.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

Equitymaster requests your view! Post a comment on "WEST COAST PAPER MILLS Announces Quarterly Results (3QFY19); Net Profit Up 57.3%". Click here!

  

Related Views on News

WEST COAST PAPER MILLS Announces Quarterly Results (3QFY20); Net Profit Down 40.9% (Quarterly Result Update)

Feb 14, 2020 | Updated on Feb 14, 2020

For the quarter ended December 2019, WEST COAST PAPER MILLS has posted a net profit of Rs 399 m (down 40.9% YoY). Sales on the other hand came in at Rs 5 bn (up 9.4% YoY). Read on for a complete analysis of WEST COAST PAPER MILLS's quarterly results.

WEST COAST PAPER MILLS Announces Quarterly Results (4QFY19); Net Profit Down 28.9% (Quarterly Result Update)

Jun 14, 2019 | Updated on Jun 14, 2019

For the quarter ended March 2019, WEST COAST PAPER MILLS has posted a net profit of Rs 560 m (down 28.9% YoY). Sales on the other hand came in at Rs 6 bn (up 17.6% YoY). Read on for a complete analysis of WEST COAST PAPER MILLS's quarterly results.

WEST COAST PAPER MILLS 2017-18 Annual Report Analysis (Annual Result Update)

Apr 2, 2019 | Updated on Apr 2, 2019

Here's an analysis of the annual report of WEST COAST PAPER MILLS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of WEST COAST PAPER MILLS. Also includes updates on the valuation of WEST COAST PAPER MILLS.

More Views on News

Most Popular

How to Find the Best Stocks for Day Trading - 1(Fast Profits Daily)

Jul 2, 2020

In the first of two videos, I'll show you how to identify the best stocks for intraday trading.

Be Prepared to Profit from the Coming Crash in Oil Prices(Fast Profits Daily)

Jun 25, 2020

The stability in crude oil prices will not last much longer. Be ready to make fast profits when the time comes to short crude.

Tata Motors Tripled in 18 Months but You Can Do Even Better. Here's How...(Profit Hunter)

Jun 24, 2020

Rahul is ready for a repeat of his famous 2008 Tata Motors call.

Two Agri Stocks Are Likely to Outperform Even in this Market(Profit Hunter)

Jul 2, 2020

Why we have recommended two agriculture stocks for our Hidden Treasure subscribers. Read on...

More

India's #1 Trader
Reveals His Secrets

The Secret to Increasing Your Trading Profits Today
Get this Special Report, The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

WEST COAST PAPER MILLS SHARE PRICE


Jul 6, 2020 (Close)

TRACK WEST COAST PAPER MILLS

  • Track your investment in WEST COAST PAPER MILLS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON WEST COAST PAPER MILLS

WEST COAST PAPER MILLS 5-YR ANALYSIS

COMPARE WEST COAST PAPER MILLS WITH

MARKET STATS