Wabco India Ltd Q3 PAT down -39.27% at Rs31.84cr on spike in raw material costs in the quarter

29 Jan 2022 , 02:06 AM

Wabco India Ltd reported 15.26% growth yoy in total revenues for the Dec-21 quarter on consolidated basis at Rs652.92cr. On a sequential basis, the revenues were higher for the quarter by 5.90%.

Wabco is into the manufacture of transmission and steering equipment for automobiles and the broad outlook has been rather mixed due to the repeated shutdowns in auto production. However, the impact on top line has been limited.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was down -39.27% at Rs31.84cr despite higher revenues due to a sharp spike of 20% in raw material costs.

The inventory efficiency gains of the previous quarter were also not available in the current quarter. The company also saw a 45% plus spike in other expenses in the quarter.

Net margins tapered from 9.26% in the Dec-20 quarter to 4.88% in the Dec-21 quarter. Net margins were lower sequentially by 35 bps.

Financial highlights for Dec-21 compared yoy and sequentially

	Wabco India
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 652.92	₹ 566.50	15.26%	₹ 616.53	5.90%
Net Profit (Rs cr)	₹ 31.84	₹ 52.43	-39.27%	₹ 32.25	-1.27%
Diluted EPS (Rs)	₹ 16.78	₹ 27.64		₹ 17.00
Net Margins	4.88%	9.26%		5.23%