BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Wabco India Ltd. reported a mixed Q4 FY21 performance.
Net sales were up 75.9% YoY, 25.7% QoQ to Rs 712 crore. Performance on a YoY basis was led by original equipment manufacturer channel (up 114%) with exports, aftermarket growth pegged at 70%, 50%, respectively.
Margins for the quarter came in at 11.7%, down 377 basis points QoQ amid a sharp 492 basis points sequential jump in raw material cost as a percentage of sales.
Consequent profit after tax for the period was at Rs 47.7 crore (up 51.3% YoY).
The company declared a dividend of Rs 11 per share for FY21.
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