GODREJ INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Up 196.6%

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GODREJ INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Up 196.6%
Wed, 14 Aug

GODREJ INDUSTRIES has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

GODREJ INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m30,31329,71828,451-4.3%-6.1%
Other incomeRs m7761,695956-43.6%23.3%
TurnoverRs m31,08831,41329,407-6.4%-5.4%
ExpensesRs m28,31727,33525,560-6.5%-9.7%
Gross profitRs m1,9963,2662,890-11.5%44.8%
DepreciationRs m41245356224.0%36.3%
InterestRs m1,2611,3711,243-9.3%-1.4%
Profit before taxRs m1,0983,1372,041-34.9%85.9%
TaxRs m6981,048855-18.5%22.4%
Profit after taxRs m4002,0891,187-43.2%196.6%
Gross profit margin%6.611.010.2
Effective tax rate%63.633.441.9
Net profit margin%1.36.64.0
* 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 6.1% on a year-on-year (YoY) basis. The expenses were down by 9.7% YoY during the same period.
  • The company's operating profit increased by 44.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.2% in 1QFY20 as against 6.6% in 1QFY19.
  • Depreciation charges increased by 36.3% and finance costs declined by 1.4% YoY, respectively.
  • Other income increased by 23.3% YoY during the quarter.
  • Net profit for the quarter increased by 196.6% YoY. Net profit margins during the quarter increased from 1.3% in 1QFY19 to 4.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.5% QoQ during the same period.
  • The company's operating profit declined by 11.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.2% in 1QFY20 as against 11.0% in 4QFY19.
  • Net profit for the quarter declined by 43.2% QoQ, while net profit margins declined from 6.7% in 4QFY19 to 4.0% in 1QFY20.

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

GODREJ INDUSTRIES Share Price Performance

Over the last one year,GODREJ INDUSTRIES share price has moved down from Rs 604.6 to Rs 451.4, registering a Loss of Rs 153.2 or around 25.3%.

Overall, the S&P BSE SENSEX is down 0.6% over the year.

Current Valuations

At the current price of Rs 451.4, the price to earnings (P/E) ratio of GODREJ INDUSTRIES stands at 41.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.9 times.

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