AUTO CORP. OF GOA Announces Quarterly Results (3QFY19); Net Profit Up 11.5%

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AUTO CORP. OF GOA Announces Quarterly Results (3QFY19); Net Profit Up 11.5%
Wed, 13 Feb

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

AUTO CORP. OF GOA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,1661,033897-13.1%-23.0%
Other incomeRs m2024250.8%20.9%
TurnoverRs m1,1861,057922-12.8%-22.3%
ExpensesRs m1,095966827-14.3%-24.5%
Gross profitRs m7167704.1%-1.2%
DepreciationRs m131313-2.9%-1.5%
InterestRs m000-20.7%-45.2%
Profit before taxRs m7778814.4%5.0%
TaxRs m272625-1.9%-7.0%
Profit after taxRs m5052567.5%11.5%
Gross profit margin%6.16.57.8
Effective tax rate%35.233.231.2
Net profit margin%4.24.96.0
* 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 23.0% on a year-on-year (YoY) basis. The expenses were down by 24.5% YoY during the same period.
  • The company's operating profit declined by 1.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.8% in 3QFY19 as against 6.1% in 3QFY18.
  • Depreciation charges declined by 1.5% and finance costs declined by 45.2% YoY, respectively.
  • Other income increased by 20.9% YoY during the quarter.
  • Net profit for the quarter increased by 11.5% YoY. Net profit margins during the quarter increased from 4.2% in 3QFY18 to 6.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 13.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 14.3% QoQ during the same period.
  • The company's operating profit increased by 4.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.8% in 3QFY19 as against 6.5% in 2QFY18.
  • Net profit for the quarter increased by 7.5% QoQ, while net profit margins increased from 4.9% in 2QFY18 to 6.0% in 3QFY19.

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 1,278.7 to Rs 560.0, registering a Loss of Rs 718.7 or around 56.2%.

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 560.0, the price to earnings (P/E) ratio of AUTO CORP. OF GOA stands at 19.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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