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GOODRICKE Announces Quarterly Results (1QFY19); Net Profit Down 68.0%

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GOODRICKE Announces Quarterly Results (1QFY19); Net Profit Down 68.0%
Fri, 10 Aug

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

GOODRICKE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m1,5221,2221,43517.5%-5.7%
Other incomeRs m2712213-89.5%-52.7%
TurnoverRs m1,5491,3441,4487.7%-6.5%
ExpensesRs m1,2901,6801,331-20.8%3.1%
Gross profitRs m233-458104-55.3%
DepreciationRs m354038-5.5%8.0%
InterestRs m148113.9%492.3%
Profit before taxRs m224-38072-68.0%
TaxRs m01710-100.0%0.0%
Profit after taxRs m224-55172-68.0%
Gross profit margin%15.3-37.57.3
Effective tax rate%0.0-45.10.0
Net profit margin%14.5-41.05.0
* 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 5.7% on a year-on-year (YoY) basis. The expenses were up by 3.1% YoY during the same period.
  • The company's operating profit declined by 55.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.3% in 1QFY19 as against 15.3% in 1QFY18.
  • Depreciation charges and finance costs increased by 8.0% YoY and 492.3% YoY, respectively.
  • Other income declined by 52.7% YoY during the quarter.
  • Net profit for the quarter declined by 68.0% YoY. Net profit margins during the quarter declined from 14.5% in 1QFY18 to 5.0% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 17.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 20.8% QoQ during the same period.
  • The company's operating profit increased by 122.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.3% in 1QFY19 as against 37.5% in 4QFY18.
  • Net profit for the quarter declined by 113.0% QoQ, while net profit margins increased from -41.0% in 4QFY18 to 5.0% in 1QFY19.

To see how GOODRICKE has performed over the last eight quarters, please visit here.

GOODRICKE Share Price Performance

Over the last one year, GOODRICKE share price has moved up from Rs 228.5 to Rs 256.3, registering a Gain of Rs 27.8 or around 12.2%.

Overall, the S&P BSE SENSEX is up 19.1% over the year.

Current Valuations

At the current price of Rs 256.3, the price to earnings (P/E) ratio of GOODRICKE stands at 33.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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GOODRICKE Announces Quarterly Results (3QFY19); Net Profit Down 37.0% (Quarterly Result Update)

Feb 14, 2019 | Updated on Feb 14, 2019

For the quarter ended December 2018, GOODRICKE has posted a net profit of Rs 60 m (down 37.0% YoY). Sales on the other hand came in at Rs 3 bn (up 7.2% YoY). Read on for a complete analysis of GOODRICKE's quarterly results.

GOODRICKE Announces Quarterly Results (2QFY19); Net Profit Down 3.6% (Quarterly Result Update)

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, GOODRICKE has posted a net profit of Rs 531 m (down 3.6% YoY). Sales on the other hand came in at Rs 2 bn (up 9.2% YoY). Read on for a complete analysis of GOODRICKE's quarterly results.

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