WABCO India Ltd.

NSE: WABCOINDIA | BSE: 533023 | ISIN: INE342J01019 |Industry: Auto Parts & Equipment
|Expensive Performer
4957.05 -13.10 (-0.26%)
NSE Oct 29, 2020 15:31 PM
Volume: 773

WABCO India Ltd.    
28 May 2018, 12:00AM

Q4FY18 Result Update - Margins slightly under pressure; Accumulate

Accumulate: WABCO India Ltd.
Prabhudas Lilladhar
For Q4FY18, Wabco India (WIL) reported net profit of Rs772mn, up 56% YoY and 21% QoQ, but below PLe of Rs822mn. While overall revenue for the quarter was ahead of our expectations at Rs7.85bn (~9% above PLe), growing 36% YoY/21% QoQ(whereotheroperatingincomewashigher45%YoY),operatingperformance missedestimateswithEBITDAmarginloweringto110bpsQoQ(higher90bpsYoY) to 14.3% (PLe: 17%). Disappointment in OPM was mainly on account of gross margins being lower 320bps YoY and 310bps QoQ, whereas other expenses and...
WABCO India Ltd. has lost -20.71% in the last 6 Months
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