Q4FY21 Company Update - Wabco India - ICICI Direct

Wabco India (WIL) reported a mixed Q4FY21 performance. Net sales were up 75.9% YoY, 25.7% QoQ to Rs. 712 crore. Performance on a YoY basis was led by OEM channel (up 114%) with exports, aftermarket growth pegged at 70%, 50%, respectively. Margins for the quarter came in at 11.7%, down 377 bps QoQ amid a sharp 492 bps sequential jump in raw material cost as a percentage of sales. Consequent PAT for the period was at Rs. 47.7 crore (up 51.3% YoY). The company declared a dividend of Rs. 11/share for FY21.

For details, click on the link below: Link to the report

Shares of WABCO INDIA LTD. was last trading in BSE at Rs.6920.35 as compared to the previous close of Rs. 7127.8. The total number of shares traded during the day was 845 in over 265 trades.

The stock hit an intraday high of Rs. 7079.95 and intraday low of 6800. The net turnover during the day was Rs. 5884936.

Source : Equity Bulls

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