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AUTO CORP. OF GOA Announces Quarterly Results (4QFY19); Net Profit Up 133.6%

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AUTO CORP. OF GOA Announces Quarterly Results (4QFY19); Net Profit Up 133.6%
Wed, 15 May

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

AUTO CORP. OF GOA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,1208971,07419.7%-4.1%
Other incomeRs m232524-2.8%1.7%
TurnoverRs m1,1449221,09819.1%-4.0%
ExpensesRs m1,08382798619.1%-8.9%
Gross profitRs m247046-33.4%92.2%
DepreciationRs m131313-2.0%-3.7%
InterestRs m201121.7%-78.6%
Profit before taxRs m328157-29.6%78.4%
TaxRs m162520-19.1%25.5%
Profit after taxRs m165637-34.4%133.6%
Gross profit margin%2.27.84.3
Effective tax rate%51.031.235.9
Net profit margin%1.46.03.3
* 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 4.1% on a year-on-year (YoY) basis. The expenses were down by 8.9% YoY during the same period.
  • The company's operating profit increased by 92.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.3% in 4QFY19 as against 2.2% in 4QFY18.
  • Depreciation charges declined by 3.7% and finance costs declined by 78.6% YoY, respectively.
  • Other income increased by 1.7% YoY during the quarter.
  • Net profit for the quarter increased by 133.6% YoY. Net profit margins during the quarter increased from 1.4% in 4QFY18 to 3.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 19.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 19.1% QoQ during the same period.
  • The company's operating profit declined by 33.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.3% in 4QFY19 as against 7.8% in 3QFY18.
  • Net profit for the quarter declined by 34.4% QoQ, while net profit margins declined from 6.1% in 3QFY18 to 3.3% in 4QFY19.

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 1,014.9 to Rs 525.0, registering a Loss of Rs 489.9 or around 48.3%.

Overall, the S&P BSE SENSEX is up 5.5% over the year.

Current Valuations

At the current price of Rs 525.0, the price to earnings (P/E) ratio of AUTO CORP. OF GOA stands at 16.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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