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AUTO CORP. OF GOA Announces Quarterly Results (1QFY19); Net Profit Up 10.4%

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Markets will remain closed on 18th October, 2018 on account of Dussehra.

AUTO CORP. OF GOA Announces Quarterly Results (1QFY19); Net Profit Up 10.4%
Tue, 31 Jul

AUTO CORP. OF GOA has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

AUTO CORP. OF GOA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m1,2911,1201,25812.3%-2.6%
Other incomeRs m20232716.4%39.9%
TurnoverRs m1,3111,1441,28512.4%-2.0%
ExpensesRs m1,2081,0831,1698.0%-3.2%
Gross profitRs m842488266.1%5.8%
DepreciationRs m1313142.0%2.4%
InterestRs m120-82.8%-26.8%
Profit before taxRs m8932102218.7%14.0%
TaxRs m311637128.0%20.6%
Profit after taxRs m591665313.2%10.4%
Gross profit margin%6.52.27.0
Effective tax rate%34.551.036.5
Net profit margin%4.51.45.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 2.6% on a year-on-year (YoY) basis. The expenses were down by 3.2% YoY during the same period.
  • The company's operating profit increased by 5.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.0% in 1QFY19 as against 6.5% in 1QFY18.
  • Depreciation charges and finance costs increased by 2.4% YoY and 26.8% YoY, respectively.
  • Other income increased by 39.9% YoY during the quarter.
  • Net profit for the quarter increased by 10.4% YoY. Net profit margins during the quarter increased from 4.5% in 1QFY18 to 5.0% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.0% QoQ during the same period.
  • The company's operating profit increased by 266.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.0% in 1QFY19 as against 2.2% in 4QFY18.
  • Net profit for the quarter increased by 313.2% QoQ, while net profit margins increased from 1.4% in 4QFY18 to 5.0% in 1QFY19.

To see how AUTO CORP. OF GOA has performed over the last eight quarters, please visit here.

AUTO CORP. OF GOA Share Price Performance

Over the last one year, AUTO CORP. OF GOA share price has moved up from Rs 720.8 to Rs 890.0, registering a Gain of Rs 169.3 or around 23.5%.

Overall, the S&P BSE SENSEX is down 0.4% over the year.

Current Valuations

At the current price of Rs 890.0, the price to earnings (P/E) ratio of AUTO CORP. OF GOA stands at 31.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.8 times.

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AUTO CORP. OF GOA Announces Quarterly Results (4QFY18); Net Profit Down 66.3% (Quarterly Result Update)

Jul 19, 2018 | Updated on Jul 19, 2018

For the quarter ended March 2018, AUTO CORP. OF GOA has posted a net profit of Rs 16 m (down 66.3% YoY). Sales on the other hand came in at Rs 1 bn (down 23.9% YoY). Read on for a complete analysis of AUTO CORP. OF GOA's quarterly results.

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