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

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GOODRICKE Announces Quarterly Results (2QFY19); Net Profit Down 3.6%
Mon, 12 Nov

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

GOODRICKE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m2,0061,4352,19152.7%9.2%
Other incomeRs m141351291.5%265.9%
TurnoverRs m2,0191,4482,24154.8%11.0%
ExpensesRs m1,4271,3311,65724.5%16.1%
Gross profitRs m579104534412.1%-7.8%
DepreciationRs m3638392.9%8.4%
InterestRs m681485.7%150.9%
Profit before taxRs m55172531641.1%-3.6%
TaxRs m0000.0%0.0%
Profit after taxRs m55172531641.1%-3.6%
Gross profit margin%28.97.324.4
Effective tax rate%0.00.00.0
Net profit margin%27.35.023.7
* 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 9.2% on a year-on-year (YoY) basis. The expenses were up by 16.1% YoY during the same period.
  • The company's operating profit declined by 7.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.4% in 2QFY19 as against 28.9% in 2QFY18.
  • Depreciation charges increased by 8.4% and finance costs increased by 150.9% YoY, respectively.
  • Other income increased by 265.9% YoY during the quarter.
  • Net profit for the quarter declined by 3.6% YoY. Net profit margins during the quarter declined from 27.3% in 2QFY18 to 23.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 52.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 24.5% QoQ during the same period.
  • The company's operating profit increased by 412.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.4% in 2QFY19 as against 7.3% in 1QFY18.
  • Net profit for the quarter increased by 641.1% QoQ, while net profit margins increased from 5.0% in 1QFY18 to 23.7% in 2QFY19.

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 283.1 to Rs 300.3, registering a Gain of Rs 17.2 or around 6.1%.

Overall, the S&P BSE SENSEX is up 5.1% over the year.

Current Valuations

At the current price of Rs 300.3, the price to earnings (P/E) ratio of GOODRICKE stands at 44.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

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Related Views on News

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

Aug 8, 2019 | Updated on Aug 8, 2019

For the quarter ended June 2019, GOODRICKE has posted a net profit of Rs 58 m (down 18.5% YoY). Sales on the other hand came in at Rs 2 bn (up 17.6% 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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