AUTO CORP. OF GOA Announces Quarterly Results (3QFY20); Net Profit Down 125.4%

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 (3QFY20); Net Profit Down 125.4%
Mon, 27 Jan

AUTO CORP. OF GOA has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

AUTO CORP. OF GOA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m897826536-35.1%-40.2%
Other incomeRs m2527285.2%14.6%
TurnoverRs m922853565-33.8%-38.7%
ExpensesRs m827793563-29.0%-31.9%
Gross profitRs m7033-27-181.8%-138.7%
DepreciationRs m131313-1.5%-1.3%
InterestRs m010-28.3%87.0%
Profit before taxRs m8146-12-126.5%-115.1%
TaxRs m25-52-92.3%
Profit after taxRs m5651-14-127.8%-125.4%
Gross profit margin%7.84.0-5.0
Effective tax rate%31.2-10.3-15.9
Net profit margin%6.06.0-2.5
* 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 40.2% on a year-on-year (YoY) basis. The expenses were down by 31.9% YoY during the same period.
  • The company's operating profit declined by 138.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.0% in 3QFY20 as against 7.8% in 3QFY19.
  • Depreciation charges declined by 1.3% and finance costs increased by 87.0% YoY, respectively.
  • Other income increased by 14.6% YoY during the quarter.
  • Net profit for the quarter declined by 125.4% YoY. Net profit margins during the quarter declined from 6.0% in 3QFY19 to -2.5% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 35.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 29.0% QoQ during the same period.
  • The company's operating profit declined by 181.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.0% in 3QFY20 as against 4.0% in 2QFY19.
  • Net profit for the quarter declined by 127.8% QoQ, while net profit margins declined from 6.0% in 2QFY19 to -2.5% in 3QFY20.

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

Latest: Chinese Aggression on the Border Triggers a Huge Opportunity

AUTO CORP. OF GOA Share Price Performance

Over the last one year,AUTO CORP. OF GOA share price has moved down from Rs 651.2 to Rs 551.9, registering a Loss of Rs 99.4 or around 15.3%.

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 551.9, the price to earnings (P/E) ratio of AUTO CORP. OF GOA stands at 25.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

Equitymaster requests your view! Post a comment on "AUTO CORP. OF GOA Announces Quarterly Results (3QFY20); Net Profit Down 125.4%". 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.

More Views on News

Most Popular

This One Smallcap Stock is a Must Have in Your Portfolio(Profit Hunter)

Nov 11, 2020

Investing in this smallcap could open doors of huge, long-lasting wealth.

This Diwali Consider Richa's #1 Stock Pick for 2021(Profit Hunter)

Nov 13, 2020

Why I admire the approach that Richa uses to zero in on stocks with huge upside potential.

Should You Buy Gold Now?(Fast Profits Daily)

Nov 11, 2020

Pfizer has announced a vaccine for covid-19. In response, gold prices have fallen. Should you buy? Find out in this video..

Don't Let Brokerages Fool You into Buying HUL & Nestle. The Real Money is in These Stocks Right Now...(Views On News)

Nov 12, 2020

Rahul Shah discusses why he preferred a little known stock over Nestle Ltd and how he was proven right.

US Elections: Won a Battle, Now the War(The Honest Truth)

Nov 13, 2020

Ajit Dayal on the urgent need to fix the disparity between the rich and the poor in the US.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

AUTO CORP. OF GOA SHARE PRICE


Nov 23, 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 - OMAX AUTOS. COMPARISON

COMPARE AUTO CORP. OF GOA WITH

MARKET STATS