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

GOODRICKE Announces Quarterly Results (3QFY19); Net Profit Down 37.0%
Thu, 14 Feb

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

GOODRICKE Quarterly Financials

No. of Mths Qtr. Ending		3 Dec-17*	3 Sep-18*	3 Dec-18*	QoQ Change	YoY Change
Net Sales	Rs m	2,557	2,191	2,740	25.0%	7.2%
Other income	Rs m	47	51	37	-27.7%	-22.7%
Turnover	Rs m	2,604	2,241	2,776	23.9%	6.6%
Expenses	Rs m	2,463	1,657	2,658	60.4%	7.9%
Gross profit	Rs m	94	534	82	-84.7%	-13.3%
Depreciation	Rs m	36	39	38	-1.3%	6.4%
Interest	Rs m	11	14	20	41.3%	88.8%
Profit before tax	Rs m	95	531	60	-88.8%	-37.0%
Tax	Rs m	0	0	0	0.0%	0.0%
Profit after tax	Rs m	95	531	60	-88.8%	-37.0%
Gross profit margin	%	3.7	24.4	3.0
Effective tax rate	%	0.0	0.0	0.0
Net profit margin	%	3.6	23.7	2.1

* 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 7.2% on a year-on-year (YoY) basis. The expenses were up by 7.9% YoY during the same period.
The company's operating profit declined by 13.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.0% in 3QFY19 as against 3.7% in 3QFY18.
Depreciation charges increased by 6.4% and finance costs increased by 88.8% YoY, respectively.
Other income declined by 22.7% YoY during the quarter.
Net profit for the quarter declined by 37.0% YoY. Net profit margins during the quarter declined from 3.6% in 3QFY18 to 2.1% in 3QFY19.

Quarter-on-Quarter Performance:

The company's operating income during the quarter grew 25.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 60.4% QoQ during the same period.
The company's operating profit declined by 84.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.0% in 3QFY19 as against 24.4% in 2QFY18.
Net profit for the quarter declined by 88.8% QoQ, while net profit margins declined from 23.7% in 2QFY18 to 2.1% in 3QFY19.

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 406.5 to Rs 216.0, registering a Loss of Rs 190.5 or around 46.9%.

Overall, the S&P BSE SENSEX is up 5.4% over the year.

Current Valuations

At the current price of Rs 216.0, the price to earnings (P/E) ratio of GOODRICKE stands at 41.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

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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 (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.

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GOODRICKE SHARE PRICE

BSE: 219.25 -0.20%
Feb 25, 2021 (Close)

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LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

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GOODRICKE Announces Quarterly Results (3QFY19); Net Profit Down 37.0% Thu, 14 Feb