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

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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 ChangeYoY Change
Net SalesRs m2,5572,1912,74025.0%7.2%
Other incomeRs m475137-27.7%-22.7%
TurnoverRs m2,6042,2412,77623.9%6.6%
ExpensesRs m2,4631,6572,65860.4%7.9%
Gross profitRs m9453482-84.7%-13.3%
DepreciationRs m363938-1.3%6.4%
InterestRs m11142041.3%88.8%
Profit before taxRs m9553160-88.8%-37.0%
TaxRs m0000.0%0.0%
Profit after taxRs m9553160-88.8%-37.0%
Gross profit margin%3.724.43.0
Effective tax rate%0.00.00.0
Net profit margin%3.623.72.1
* 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 (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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