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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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.

Equitymaster requests your view! Post a comment on "AUTO CORP. OF GOA Announces Quarterly Results (1QFY19); Net Profit Up 10.4%". Click here!

  

Related Views on News

AUTO CORP. OF GOA Announces Quarterly Results (2QFY20); Net Profit Down 2.0% (Quarterly Result Update)

Oct 25, 2019 | Updated on Oct 25, 2019

For the quarter ended September 2019, AUTO CORP. OF GOA has posted a net profit of Rs 51 m (down 2.0% YoY). Sales on the other hand came in at Rs 826 m (down 20.0% YoY). Read on for a complete analysis of AUTO CORP. OF GOA's quarterly results.

AUTO CORP. OF GOA Announces Quarterly Results (1QFY20); Net Profit Up 2.7% (Quarterly Result Update)

Jul 29, 2019 | Updated on Jul 29, 2019

For the quarter ended June 2019, AUTO CORP. OF GOA has posted a net profit of Rs 66 m (up 2.7% YoY). Sales on the other hand came in at Rs 1 bn (down 3.4% YoY). Read on for a complete analysis of AUTO CORP. OF GOA's quarterly results.

AUTO CORP. OF GOA 2018-19 Annual Report Analysis (Annual Result Update)

Jun 6, 2019 | Updated on Jun 6, 2019

Here's an analysis of the annual report of AUTO CORP. OF GOA for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of AUTO CORP. OF GOA. Also includes updates on the valuation of AUTO CORP. OF GOA.

Sandhar Technologies IPO: Worth Betting on This Automotive Component Manufacturer? (IPO)

Mar 17, 2018

Should you subscribe to the IPO of Sandhar Technologies Ltd?

More Views on News

Most Popular

My Latest Stock Recommendation(Fast Profits Daily)

Jan 10, 2020

The story behind my latest stock recommendation and an important announcement.

Saffron Curtain = Hindutva Rate of Growth?(The Honest Truth)

Jan 8, 2020

Will the Indian economy revert to a sub-3% growth rate?

Multibaggers of the Next Decade(The 5 Minute Wrapup)

Jan 6, 2020

The one key ingredient to be seen amongst top multibaggers of the next decade

Your Safe Income Options for 2020(Fast Profits Daily)

Jan 9, 2020

What are you safest investing options in 2020 when interest rates fall.

I Made a Killing in the Markets this Week... Here's How(Profit Hunter)

Jan 10, 2020

How we made a killing in the markets amidst geopolitical tension and war mongering.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

AUTO CORP. OF GOA SHARE PRICE


Jan 17, 2020 (Close)

TRACK AUTO CORP. OF GOA

  • Track your investment in AUTO CORP. OF GOA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON AUTO CORP. OF GOA

AUTO CORP. OF GOA 8-QTR ANALYSIS

COMPARE AUTO CORP. OF GOA WITH

MARKET STATS