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Published on 13/08/2019 5:07:54 PM | Source: Dion Global Solutions Ltd

WABCO India Q1 net profit down 26.74% at Rs 54.76 cr

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The company reported standalone net profit of Rs 54.76 crore for the quarter ended June 30, 2019 as compared to Rs 74.75 crore in the same period last year, registering a year-on-year decline of 26.74 per cent. Net revenue of the company declined moderately by 17.08 per cent at Rs 591.65 crore in April-June quarter of this fiscal as against Rs 713.56 crore in the corresponding period last year. During April-June quarter, operating expenses dropped by 14.95 per cent to Rs 550.78 crore from Rs 647.61 crore in year ago period.

Other Income dipped by 38.75 per cent at Rs 15.35 crore versus (Jun'18 Rs 25.06 crore). Operating Profit slipped by 12.75 per cent to Rs 86.98 crore as against Rs 99.69 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 5.23 per cent in June quarter. Interest grew by 0.00 per cent y-o-y to Rs 0.30 crore, while Taxation decreased by 26.05 per cent at Rs 25.07 crore (Jun'18 Rs 33.90 crore).