GOODRICKE Announces Quarterly Results (1QFY20); Net Profit Down 18.5%

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GOODRICKE Announces Quarterly Results (1QFY20); Net Profit Down 18.5%
Thu, 8 Aug

GOODRICKE has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

GOODRICKE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,4351,1221,68850.4%17.6%
Other incomeRs m135215-70.8%17.8%
TurnoverRs m1,4481,1741,70345.1%17.6%
ExpensesRs m1,3311,5331,5742.7%18.3%
Gross profitRs m104-4111149.2%
DepreciationRs m38415022.7%31.5%
InterestRs m8721218.2%172.7%
Profit before taxRs m72-40658-18.5%
TaxRs m01620-100.0%0.0%
Profit after taxRs m72-56858-18.5%
Gross profit margin%7.3-36.66.7
Effective tax rate%0.0-39.80.0
Net profit margin%5.0-48.33.4
* 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 grew 17.6% on a year-on-year (YoY) basis. The expenses were up by 18.3% YoY during the same period.
  • The company's operating profit increased by 9.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 6.7% in 1QFY20.
  • Depreciation charges increased by 31.5% and finance costs increased by 172.7% YoY, respectively.
  • Other income increased by 17.8% YoY during the quarter.
  • Net profit for the quarter declined by 18.5% YoY. Net profit margins during the quarter declined from 5.0% in 1QFY19 to 3.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 50.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.7% QoQ during the same period.
  • The company's operating profit increased by 127.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.7% in 1QFY20 as against 36.6% in 4QFY19.
  • Net profit for the quarter increased by 110.3% QoQ, while net profit margins increased from -48.4% in 4QFY19 to 3.4% in 1QFY20.

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 down from Rs 267.2 to Rs 159.0, registering a Loss of Rs 108.3 or around 40.5%.

Overall, the S&P BSE SENSEX is down 2.6% over the year.

Current Valuations

At the current price of Rs 159.0, the price to earnings (P/E) ratio of GOODRICKE stands at 42.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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Related Views on News

GOODRICKE Announces Quarterly Results (3QFY20); Net Profit Down 80.8% (Quarterly Result Update)

Feb 12, 2020 | Updated on Feb 12, 2020

For the quarter ended December 2019, GOODRICKE has posted a net profit of Rs 11 m (down 80.8% YoY). Sales on the other hand came in at Rs 3 bn (up 4.6% YoY). Read on for a complete analysis of GOODRICKE's quarterly results.

GOODRICKE Announces Quarterly Results (4QFY19); Net Profit Down 3.0% (Quarterly Result Update)

May 30, 2019 | Updated on May 30, 2019

For the quarter ended March 2019, GOODRICKE has posted a net profit of Rs 568 m (down 3.0% YoY). Sales on the other hand came in at Rs 1 bn (down 8.2% YoY). Read on for a complete analysis of GOODRICKE's quarterly results.

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