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The Baseline
28 May 2018
Results today: Wabco India gains on quarter performance, once-Dolly Khanna portfolio stock disappoints

A number of companies have already declared results today in the Result Dashboard, and among the big winners is auto ancillary firm WABCO India, which is gaining strongly on a good quarterly performance. WABCO announced a 55%+ increase in YoY net profit growth and a 36% increase in revenues, bringing revenues for the quarter to near Rs. 785 crore.

Another strong performer today was a second auto sector company, Jay Ushin, which declared a 403% bump in net profit growth YoY over a 13% increase in revenues. The net profit growth was partly owing to the weak performance in the same quarter last year, when the company barely delivered a profit.  

A disappointment today is Nandan Denim, a stock once favored by Dolly Khanna but now below 1% holding in her portfolio.  The company announced a net profit decline both QoQ and YoY, an underwhelming performance that has triggered a sharp drop in the company's share price today, which is falling by double digits. 

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