Wimplast

OP down 22%

Nov 16, 2020 05:11 IST capital market

Wimplast net sales fell 15% during Q2FY21 to Rs 65.8 crore compared to corresponding previous year quarter. Operating margins of the company fell 170 bps to 18.6%. As a result operating profit of the company fell 22% to Rs 12.21 crore.

Other income of the company rose to Rs 1.75 crore compared to Rs 1.3 crore in Q2FY20. Interest cost was Rs 4 lakh compared to Rs 7 lakh in the corresponding previous year period. Depreciation fell 2% to Rs 4.57 crore. PBT as a result fell 24% to Rs 9.34 crore. The effective tax rate rose 1670 bps to 27% post, which the companys net profit was up 37% at Rs 6.87 crore.

Performance for half year ended Sep20

For half year ended Sep20, Net sales of the company fell 47% to Rs 89.08 crore compared to corresponding previous year quarter.

Operating margins of the company fell 680 bps to 13.6%. As a result operating profit of the company fell 65% to Rs 12.08 crore.

Other income of the company rose 90% to Rs 4.28 crore compared to Rs 2.26 crore in H1FY20. Interest cost was Rs 9 lakh compared to Rs 16 lakh in the corresponding previous year period. Depreciation fell 2% to Rs 9.13 crore. PBT as a result fell 74% to Rs 7.15 crore. The effective tax rate fell 1490 bps to 27.1% post, which the companys PAT was down 78% at Rs 5.34 crore.

The scrip is currently trading at Rs 335 on the BSE.

Wimplast: Consolidated Results

 

2009 (03) 1909 (03) Var.(%) 2009 (06) 1909 (06) Var.(%) 2003 (12) 1903 (12) Var.(%)
Total Operating Income 65.80 76.99 -15 89.08 168.95 -47 321.60 372.56 -14
OPM(%) 18.6% 20.3% 13.6% 20.4% 20.7% 20.0%
OP 12.21 15.66 -22 12.08 34.51 -65 66.62 74.35 -10
Other Income 1.75 1.30 34 4.28 2.26 90 7.89 1.97 299
PBIDT 13.96 16.96 -18 16.36 36.76 -55 74.51 76.33 -2
Interest 0.04 0.07 -37 0.09 0.16 -45 0.25 0.17 45
PBDT 13.91 16.89 -18 16.28 36.61 -56 74.26 76.16 -2
Depreciation 4.57 4.68 -2 9.13 9.29 -2 18.50 16.82 10
PBT Before EO 9.34 12.22 -24 7.15 27.32 -74 55.76 59.34 -6
EO 0.00 0.00 0.00 0.00 0.00 0.00
PBT after EO 9.34 12.22 -24 7.15 27.32 -74 55.76 59.34 -6
Tax provision 2.52 1.26 100 1.94 3.34 -42 10.82 20.10 -46
PAT 6.82 10.95 -38 5.21 23.98 -78 44.94 39.24 15
Share of Profit of Joint Ventures 0.00 0.00 0.00 0.00 0.00 0.00
MI -0.05 -0.01 -0.13 0.00 -0.13 -0.01
Net Profit 6.87 10.97 -37 5.34 23.98 -78 45.07 39.25 15
EPS* # # # # 37.6 32.7
* Annualized On Current Equity Of Rs 12 Crore of face value of Rs 10 each
EO: Extraordinary Items, PL: Profit to Loss
EPS Is Calculated After Excluding EO And Relevant Tax
# EPS not annualised due to seasonality of business
Figures In Rs Crore
Source: Capitaline Database

Wimplast: Consolidated Segment performance

 

Segments 2009 (3) 1909 (3) Var. (%) % to Total 2009 (6) 1909 (6) Var. (%) % to Total 2003 (12) 1903 (12) Var. (%) % to Total
Sales
Plastics and articles thereof 56.79 72.01 -21 86 77.22 147.35 -48 87 278.51 317.30 -12 87
Others 9.01 4.98 81 14 11.86 21.60 -45 13 43.09 55.26 -22 13
TOTAL 65.80 76.99 -15 100 89.08 168.95 -47 100 321.60 372.56 100
Less: Intersegment Revenues 0.00 0.00 0.00 0.00 0.00 0.00
Revenue from Operations 65.80 76.99 89.08 168.95 321.60 372.56
PBIT
Plastics and articles thereof 12.17 14.46 -16 124 11.61 28.50 -59 167 56.18 66.73 -16 94
Others -2.37 -0.98 143 -24 -4.67 1.13 -512 -67 3.71 1.48 150 6
TOTAL 9.80 13.49 -27 100 6.94 29.63 -77 100 59.89 68.21 -12 100
Figures In Rs Crore
Source: Capitaline Database

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