Wabco India's Net Profit jumps by 54.92 per cent in Q1FY16

Wabco India (WIL) announced June 2015 quarter results. The company's revenue increased by 18.99 per cent to Rs 385 crore in Q1FY16 as compared to same period in previous financial year. Its total expenditure increased by 15.36 per cent to Rs 315.44 crore in Q1FY16 on yearly basis. WIL's total expenditure increased largely due to a 19.91 per cent increment in raw material prices in Q1FY16.

WIL's EBITDA boosted by 38.81 per cent to Rs 69.6 crore in Q1FY16 as compared to same period in previous fiscal year. The company's EBITDA margin expanded by 259 basis points to 18.08 per cent in Q1FY16 on yearly basis. Its EBIT too rose by 42.47 per cent to Rs 56.19 crore in Q1FY16 on yearly basis though its depreciation expense increased by 25.33 per cent to Rs 13.41 crore during the quarter. WIL's PBT increased by 52.72 per cent to Rs 62.35 crore in Q1FY16 on yearly basis as other income rose by 173.43 per cent to 9.16 crore during the quarter. The net profit of the company increased by 54.92 per cent to Rs 47.5 crore in Q1FY16 compared to same period in previous financial year.

WIL's shareholding pattern indicates that FII holdings contracted by 69 basis points to 1.72 per cent and DII holdings expanded by 41 basis points to 9.09 per cent during June 2015 quarter. The share price of the company increased by 14.29 per cent and trading at Rs 6010 on intraday basis.

WIL designs, manufactures and markets conventional braking products,advanced braking systems, and other related air assisted products and systems. The company employs over 3200 employees. It has five world class manufacturing facilities, software design center and a test track in India. WIL has a massive aftermarket network with more than 7000 outlets and 250 service centers that access to original parts, repair, expertise, diagnostics and service for customers.