WABCO India Ltd's Q4FY18 standalone net profit rises 56% yoy to Rs77cr : Beats Estimates

The company’s standalone revenue stood at Rs784.86cr, up 36.06% yoy and 20.76% qoq.

May 28, 2018 06:05 IST India Infoline Research Team

WABCO India Ltd Q4FY18

Standalone Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 784.86 36.1
EBITDA 112.18 44.6
EBITDA Margin (%) 14.3 84
Net Profit (adjusted) 77.21 55.7
***EBITDA margin change is bps


Reco. Price


Last updated on


Leading CV air brake manufacturer, Wabco India Limited (Wabco) outperformed consensus estimate in Q4FY18. Revenue for the quarter was up 36% yoy at Rs785cr, which surpassed consensus estimate of Rs734cr by 7%. EBITDA was up 45% yoy at Rs112cr, while EBITDA margin expanded 84bps yoy to 14.3%. While the company kept employee and operating expenses under check, raw material expenses were up 43% yoy and 316bps yoy higher as % of sales. EBITDA was 2% lower than consensus estimate of Rs114cr, while EBITDA margin too was lower than 15.6% that the street was expecting. PAT was up 56% yoy at Rs77cr. PAT was led by steady depreciation and higher other income. PAT was 3% higher than consensus estimate of Rs75cr.

Other Highlights

  • The Board of Directors of the company recommended dividend of Rs8/- per share for the year ended March 31, 2018.
  • Wabco continued to have a debt-free balance sheet. Total cash, bank balances and liquid assets on books of the company rose 42% yoy to Rs802cr as on March 31, 2018.

Technical View:

WABCO India Ltd is currently trading at Rs. 7,688, up by 351.8 points or 4.8% from its previous closing of Rs. 7,336.20 on the BSE.
The scrip opened at Rs. 7,447 and has touched a high and low of Rs. 7,984.20 and Rs. 7,447 respectively. So far 13,082 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

Related Story