Home / Knowledge / News / Textiles / Welspun India operational EBITDA escalates 55% in FY'14
Welspun India operational EBITDA escalates 55% in FY'14
20
May '14
Welspun India Ltd., (WIL), part of the $ 3.5 billion Welspun Group announced Q4 FY14 and FY 14 results, showing strong growth in revenue and profitability in comparison to the corresponding period last year.
 
Consolidated Financial Highlights – FY 14
Revenue at Rs. 44,954 million vs. Rs. 36,473 million in FY14  - 23% growth YoY with strong volume growth in towels and rugs and higher realization across products. This is the highest annual sales in the history of the company. 
 
Operational EBITDA up by 55% at Rs. 9,211 million (vs. Rs. 5,946 million). Operational EBITDA margin improved to 20.5% in FY14 as compared to 16.3% in FY13. Annual EBITDA and EBITDA margin are at the highest level in the history of the company.
 
Reported Depreciation for the year stood at Rs. 6,863 million. This was high primarily on account of the change in depreciation policy from straight line method to reducing balance method, which resulted in an additional one-time depreciation of Rs. 4,631 million in Q2FY14.  In order to maintain consistent accounting policies, Welspun Captive Power Generation Limited (WCPGL), a 68% subsidiary of the Company has also provided depreciation on its plant and machinery on reducing balance method which has resulted in an additional depreciation of Rs. 329 million in Q4 FY14 (total impact of Rs.4,960 million in FY13). Adjusted for these effects, depreciation for the year would have been Rs. 1,903 million.
 
Finance cost is higher y-o-y on account of consolidation of the captive power plant debt and higher working capital debt. Profit after Tax (adjusted for the additional depreciation) grew 87% y-o-y to Rs. 4,195 million in FY14 vs. Rs. 2,248 million in FY13, on account of the strong growth in revenues and improvement in operating margins. 
 
Net worth at the end of the year stands at Rs. 11,097 million as against Rs.9,902 million at end-FY13. Net debt stands at Rs. 26,635 million and net long term debt stands at Rs. 15,286 million in FY14. This implies a net debt/equity of 2.40x and net long term debt/equity of 1.38x. The increase in debt was on account of drawdown of loans for the backward integration capex, borrowing for purchase of cotton stock and consolidation of the captive power plant debt.
 
Net long term debt/Operational EBITDA for FY14 stands at 1.66x and the Net debt/ Operational EBITDA stands at 2.89x. Dividend announced at Rs. 3 per equity share.
 
Click here to view full results.
 

Welspun India


Must ReadView All

Robert Lighthizer speaking at the opening of the ministerial plenary of the 16th Forum of AGOA, in Lome. Courtesy: US Embassy in Togo

Textiles | On 17th Aug 2017

US committed to Africa, Lighthizer tells AGOA forum

The United States and Africa can jointly create a better business...

Textiles | On 17th Aug 2017

Sri Lankan textile exports down 4.1% in May 2017

After showing positive trend for two consecutive months, Sri Lankan...

Courtesy: CBEC

Textiles | On 17th Aug 2017

E-commerce firms need to file monthly statements: CBEC

India’s Central Board of Excise and Customs (CBEC) has clarified that ...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.0%
No
17.2%
Skip
13.8%

Total Votes: 29

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
41.4%
No
37.9%
Skip
20.7%

Total Votes: 29

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
82.8%
No
6.9%
Skip
10.3%

Total Votes: 29

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
58.6%
No
10.3%
Skip
31.0%

Total Votes: 29


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X