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

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GOODRICKE Announces Quarterly Results (4QFY19); Net Profit Down 3.0%
Thu, 30 May

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

GOODRICKE Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,2222,7401,122-59.0%-8.2%
Other incomeRs m122375242.5%-57.5%
TurnoverRs m1,3442,7761,174-57.7%-12.6%
ExpensesRs m1,6802,6581,533-42.3%-8.7%
Gross profitRs m-45882-411-603.6%
DepreciationRs m4038415.5%1.3%
InterestRs m4207-67.3%83.3%
Profit before taxRs m-38060-406-782.4%
TaxRs m17101620.0%-5.6%
Profit after taxRs m-55160-568-1054.1%
Gross profit margin%-37.53.0-36.6
Effective tax rate%-45.10.0-39.8
Net profit margin%-41.02.1-48.3
* 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 fell 8.2% on a year-on-year (YoY) basis. The expenses were down by 8.7% YoY during the same period.
  • The company's operating profit declined by 10.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.6% in 4QFY19 as against 37.5% in 4QFY18.
  • Depreciation charges increased by 1.3% and finance costs increased by 83.3% YoY, respectively.
  • Other income declined by 57.5% YoY during the quarter.
  • Net profit for the quarter declined by 3.0% YoY. Net profit margins during the quarter declined from -41.0% in 4QFY18 to -48.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 59.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 42.3% QoQ during the same period.
  • The company's operating profit declined by 603.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 36.6% in 4QFY19 as against 3.0% in 3QFY18.
  • Net profit for the quarter declined by 1054.1% QoQ, while net profit margins declined from 2.2% in 3QFY18 to -48.3% in 4QFY19.

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 293.2 to Rs 199.0, registering a Loss of Rs 94.2 or around 32.1%.

Overall, the S&P BSE SENSEX is up 13.6% over the year.

Current Valuations

At the current price of Rs 199.0, the price to earnings (P/E) ratio of GOODRICKE stands at 45.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 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 (3QFY19); Net Profit Down 37.0% (Quarterly Result Update)

Feb 14, 2019 | Updated on Feb 14, 2019

For the quarter ended December 2018, GOODRICKE has posted a net profit of Rs 60 m (down 37.0% YoY). Sales on the other hand came in at Rs 3 bn (up 7.2% YoY). Read on for a complete analysis of GOODRICKE's quarterly results.

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