WABCO India Ltd.

NSE: WABCOINDIA | BSE: 533023 | ISIN: INE342J01019 |Industry: Auto Parts & Equipment
|Falling Comet
4990.00 -37.05 (-0.74%)
NSE Oct 22, 2020 15:29 PM
Volume: 1,594

WABCO India Ltd.    
07 Nov 2017

Q2FY18 Result Update - Long term story intact; Accumulate

Accumulate: WABCO India Ltd.
Prabhudas Lilladhar
Wabco India (WIL) reported a strong performance in Q2FY18 with net profit growing a robust 44% to Rs776mn, ahead of our expectations of Rs667mn. Net sales for the grew 21.5% YoY while other operating income was higher 9% YoY leading to overall of revenue growth of ~21% YoY to Rs6.1bn (inline with expectations).OperatingperformancesurpassedexpectationswithEBITDAmargin cominginat16.8%,higher140bpsYoYand180bpsQoQ(PLe:15.8%).Improvement in OPM wasmainly on account of gross margins being higher 110bps YoY (lower...
Promoters have increased their holdings by 18.11% of holdings in Sep 2020 qtr.
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