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

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GOODRICKE Announces Quarterly Results (3QFY20); Net Profit Down 80.8%
Wed, 12 Feb

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

GOODRICKE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m2,7402,4822,86515.4%4.6%
Other incomeRs m37264673.5%25.5%
TurnoverRs m2,7762,5082,91116.1%4.8%
ExpensesRs m2,6581,8712,81950.6%6.0%
Gross profitRs m8261046-92.4%-43.5%
DepreciationRs m3850513.2%33.6%
InterestRs m20252918.7%44.6%
Profit before taxRs m6056211-98.0%-80.8%
TaxRs m0000.0%0.0%
Profit after taxRs m6056211-98.0%-80.8%
Gross profit margin%3.024.61.6
Effective tax rate%0.00.00.0
Net profit margin%2.122.40.4
* 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 4.6% on a year-on-year (YoY) basis. The expenses were up by 6.0% YoY during the same period.
  • The company's operating profit declined by 43.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.6% in 3QFY20 as against 3.0% in 3QFY19.
  • Depreciation charges increased by 33.6% and finance costs increased by 44.6% YoY, respectively.
  • Other income increased by 25.5% YoY during the quarter.
  • Net profit for the quarter declined by 80.8% YoY. Net profit margins during the quarter declined from 2.1% in 3QFY19 to 0.4% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 15.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 50.6% QoQ during the same period.
  • The company's operating profit declined by 92.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.6% in 3QFY20 as against 24.6% in 2QFY19.
  • Net profit for the quarter declined by 98.0% QoQ, while net profit margins declined from 22.4% in 2QFY19 to 0.4% in 3QFY20.

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

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GOODRICKE Share Price Performance

Over the last one year,GOODRICKE share price has moved down from Rs 230.8 to Rs 187.2, registering a Loss of Rs 43.7 or around 18.9%.

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 187.2, the price to earnings (P/E) ratio of GOODRICKE stands at 62.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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