 |
Results
03-Feb-24
|
|
|
|
|
|
|
|
Analysis
|
|
|
|
WPIL
|
|
Net down 17% hit by lower OI, higher interest, depreciation and taxation
|
|
|
|
|
Consolidated net sales
(including other operating income) of WPIL for the quarter ended Dec 2023 has
increased 0.56% to Rs 274.33 crore. Operating profit margin has
jumped from 17.24% to 19.10%, leading to 11.44% rise in operating profit to Rs
52.40 crore. Raw material cost as a % of total sales (net of stock
adjustments) increased from 8.59% to 11.90%. Employee cost
increased from 3.62% to 4.85%. Other expenses fell from 70.30% to
64.42%. Contract job process charges fell from 63.93% to 58.60%.
Other income fell 47.19% to Rs 12.22 crore. PBIDT fell
7.90% to Rs 64.62 crore. Provision for interest rose 53.38% to Rs
4.54 crore. PBDT fell 10.60% to Rs 60.08 crore. Provision
for depreciation rose 31.34% to Rs 1.76 crore. Profit before tax
down 11.45% to Rs 58.32 crore. Share of profit/loss were nil in both
the periods. Provision for tax was expense of Rs 17.73 crore,
compared to Rs 17.18 crore. Effective tax rate was 30.40% compared
to 26.09%. Minority interest was nil in both the periods. Net profit
attributable to owners of the company decreased 16.62% to Rs 40.59
crore.
Standalone net sales (including other
operating income) of WPIL for the quarter ended Dec 2023 has increased 0.56% to
Rs 274.33 crore. Operating profit margin has jumped from 17.24% to
19.10%, leading to 11.44% rise in operating profit to Rs 52.40
crore. Raw material cost as a % of total sales (net of stock
adjustments) increased from 8.59% to 11.90%. Employee cost
increased from 3.62% to 4.85%. Other expenses fell from 70.30% to
64.42%. Contract job process charges fell from 63.93% to 58.60%.
Other income fell 47.19% to Rs 12.22 crore. PBIDT fell
7.90% to Rs 64.62 crore. Provision for interest up 53.38% to Rs 4.54
crore. PBDT fell 10.60% to Rs 60.08 crore. Provision for
depreciation rose 31.34% to Rs 1.76 crore. Profit before tax down
11.45% to Rs 58.32 crore. Provision for tax was expense of Rs 17.73
crore, compared to Rs 17.18 crore. Effective tax rate was 30.40%
compared to 26.09%. Profit after tax fell 16.62% to Rs 40.59 crore.
For year-to-date (YTD) results analysis.
Consolidated net sales (including other operating income) of WPIL for 9m ended
Dec 2023 has declined 1.40% to Rs 641.87 crore. Operating profit
margin has jumped from 15.45% to 17.64%, leading to 12.58% rise in operating
profit to Rs 113.20 crore. Raw material cost as a % of total sales
(net of stock adjustments) increased from 12.46% to 13.04%.
Employee cost increased from 4.44% to 6.28%. Other
expenses fell from 67.61% to 63.10%. Contract job process charges
fell from 60.49% to 51.75%. Other income fell 6.75% to Rs 24.31
crore. PBIDT rose 8.60% to Rs 137.51 crore. Provision for
interest rose 53.30% to Rs 12.77 crore. PBDT rose 5.45% to Rs 124.74
crore. Provision for depreciation rose 23.57% to Rs 5.19
crore. Profit before tax grew 4.79% to Rs 119.55
crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 33.47 crore, compared
to Rs 29.7 crore. Effective tax rate was 28.00% compared to 26.03%. Minority
interest was nil in both the periods. Net profit attributable to
owners of the company increased 2% to Rs 86.08 crore.
Standalone net sales (including other
operating income) of WPIL for 9m ended Dec 2023 has declined 1.40% to Rs 641.87
crore. Operating profit margin has jumped from 15.45% to 17.55%,
leading to 12.05% rise in operating profit to Rs 112.67 crore. Raw
material cost as a % of total sales (net of stock adjustments) increased from
12.46% to 13.04%. Employee cost increased from 4.44% to 6.28%.
Other expenses fell from 67.61% to 63.19%. Contract job
process charges fell from 60.49% to 51.75%. Other income fell 4.72%
to Rs 24.84 crore. PBIDT rose 8.60% to Rs 137.51
crore. Provision for interest up 53.30% to Rs 12.77
crore. PBDT rose 5.45% to Rs 124.74 crore. Provision for
depreciation rose 23.57% to Rs 5.19 crore. Profit before tax grew
4.79% to Rs 119.55 crore. Provision for tax was expense of Rs 33.47
crore, compared to Rs 29.7 crore. Effective tax rate was 28.00%
compared to 26.03%. Profit after tax rose 2% to Rs 86.08 crore. | WPIL : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202312 | 202212 | Var.(%) | 202312 | 202212 | Var.(%) | 202303 | 202203 | Var.(%) |
|---|
| Net Sales (including other operating income) | 274.33 | 272.81 | 0.56 | 641.87 | 650.96 | -1.40 | 1,002.44 | 1,181.28 | -15.14 | | OPM (%) | 19.10 | 17.24 | 187 bps | 17.64 | 15.45 | 219 bps | 17.57 | 17.80 | -23 bps | | OP | 52.40 | 47.02 | 11.44 | 113.20 | 100.55 | 12.58 | 176.09 | 210.25 | -16.25 | | Other Inc. | 12.22 | 23.14 | -47.19 | 24.31 | 26.07 | -6.75 | 31.68 | 8.59 | 268.80 | | PBIDT | 64.62 | 70.16 | -7.90 | 137.51 | 126.62 | 8.60 | 207.77 | 218.84 | -5.06 | | Interest | 4.54 | 2.96 | 53.38 | 12.77 | 8.33 | 53.30 | 12.13 | 19.86 | -38.92 | | PBDT | 60.08 | 67.20 | -10.60 | 124.74 | 118.29 | 5.45 | 195.64 | 198.98 | -1.68 | | Depreciation | 1.76 | 1.34 | 31.34 | 5.19 | 4.2 | 23.57 | 5.51 | 37.26 | -85.21 | | PBT | 58.32 | 65.86 | -11.45 | 119.55 | 114.09 | 4.79 | 190.13 | 161.72 | 17.57 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | 0 | 1.35 | - | | PBT before EO | 58.32 | 65.86 | -11.45 | 119.55 | 114.09 | 4.79 | 190.13 | 163.07 | 16.59 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 58.32 | 65.86 | -11.45 | 119.55 | 114.09 | 4.79 | 190.13 | 163.07 | 16.59 | | Taxation | 17.73 | 17.18 | 3.20 | 33.47 | 29.7 | 12.69 | 47.1 | 45.05 | 4.55 | | PAT | 40.59 | 48.68 | -16.62 | 86.08 | 84.39 | 2.00 | 143.03 | 118.02 | 21.19 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 20.89 | - | | Net profit | 40.59 | 48.68 | -16.62 | 86.08 | 84.39 | 2.00 | 143.03 | 97.13 | 47.26 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0.2 | - | | Net profit after discontinued operations | 40.59 | 48.68 | -16.62 | 86.08 | 84.39 | 2.00 | 143.03 | 97.33 | 46.95 | | EPS (Rs)* | 41.56 | 49.84 | -16.62 | 88.13 | 86.40 | 2.00 | 146.44 | 99.44 | 47.27 | | | * EPS is on current equity of Rs 9.77 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
| WPIL : Standalone Results | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202312 | 202212 | Var.(%) | 202312 | 202212 | Var.(%) | 202303 | 202203 | Var.(%) |
|---|
| Net Sales (including other operating income) | 274.33 | 272.81 | 0.56 | 641.87 | 650.96 | -1.40 | 1,002.44 | 529.82 | 89.20 | | OPM (%) | 19.10 | 17.24 | 187 bps | 17.55 | 15.45 | 211 bps | 17.57 | 15.95 | 162 bps | | OP | 52.40 | 47.02 | 11.44 | 112.67 | 100.55 | 12.05 | 176.09 | 84.50 | 108.39 | | Other Inc. | 12.22 | 23.14 | -47.19 | 24.84 | 26.07 | -4.72 | 31.68 | 16.18 | 95.80 | | PBIDT | 64.62 | 70.16 | -7.90 | 137.51 | 126.62 | 8.60 | 207.77 | 100.68 | 106.37 | | Interest | 4.54 | 2.96 | 53.38 | 12.77 | 8.33 | 53.30 | 12.13 | 8.9 | 36.29 | | PBDT | 60.08 | 67.20 | -10.60 | 124.74 | 118.29 | 5.45 | 195.64 | 91.78 | 113.16 | | Depreciation | 1.76 | 1.34 | 31.34 | 5.19 | 4.2 | 23.57 | 5.51 | 5.63 | -2.13 | | PBT | 58.32 | 65.86 | -11.45 | 119.55 | 114.09 | 4.79 | 190.13 | 86.15 | 120.70 | | PBT before EO | 58.32 | 65.86 | -11.45 | 119.55 | 114.09 | 4.79 | 190.13 | 86.15 | 120.70 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 58.32 | 65.86 | -11.45 | 119.55 | 114.09 | 4.79 | 190.13 | 86.15 | 120.70 | | Taxation | 17.73 | 17.18 | 3.20 | 33.47 | 29.7 | 12.69 | 47.1 | 22.28 | 111.40 | | PAT | 40.59 | 48.68 | -16.62 | 86.08 | 84.39 | 2.00 | 143.03 | 63.87 | 123.94 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 40.59 | 48.68 | -16.62 | 86.08 | 84.39 | 2.00 | 143.03 | 63.87 | 123.94 | | EPS (Rs)* | 41.56 | 49.84 | -16.62 | 88.13 | 86.40 | 2.00 | 146.44 | 65.39 | 123.94 | | | * EPS is on current equity of Rs 9.77 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
|
|
|
|
Previous News |
WPIL consolidated net profit rises 74.43% in the September 2024 quarter
(
Results
-
Announcements
30-Oct-24
13:55
)
|
|
|
WPIL consolidated net profit rises 47.75% in the September 2023 quarter
(
Results
-
Announcements
04-Nov-23
07:33
)
|
|
|
WPIL
(
Results
-
Analysis
01-Nov-22
20:46
)
|
|
|
WPIL
(
Results
-
Analysis
11-Aug-23
10:57
)
|
|
|
WPIL
(
Analyst Meet / AGM
-
Conference Call
09-Aug-24
06:07
)
|
|
|
WPIL receives affirmation in credit ratings from CARE
(
Corporate News
-
01-Apr-25
19:17
)
|
|
|
WPIL consolidated net profit declines 91.71% in the June 2019 quarter
(
Results
-
Announcements
12-Aug-19
16:39
)
|
|
|
WPIL
(
Results
-
Analysis
04-Nov-20
11:35
)
|
|
|
Board of WPIL appoints director
(
Corporate News
-
09-Feb-23
16:28
)
|
|
|
WPIL to conduct board meeting
(
Corporate News
-
02-Aug-24
09:42
)
|
|
|
WPIL consolidated net profit declines 10.76% in the March 2024 quarter
(
Results
-
Announcements
25-May-24
15:30
)
|
|
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|
|
|
|
|
|