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GODREJ INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Down 56.1%

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GODREJ INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Down 56.1%
Wed, 14 Nov

GODREJ INDUSTRIES has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

GODREJ INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m24,64930,31326,240-13.4%6.5%
Other incomeRs m5787761,33171.7%130.2%
TurnoverRs m25,22831,08827,572-11.3%9.3%
ExpensesRs m22,45028,31724,882-12.1%10.8%
Gross profitRs m3,0411,9961,358-32.0%-55.3%
DepreciationRs m4054124314.7%6.7%
InterestRs m1,0961,2611,3234.9%20.6%
Profit before taxRs m2,1181,098935-14.8%-55.8%
TaxRs m645698288-58.7%-55.3%
Profit after taxRs m1,47440064761.8%-56.1%
Gross profit margin%12.36.65.2
Effective tax rate%30.463.630.8
Net profit margin%5.81.32.3
* 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 grew 6.5% on a year-on-year (YoY) basis. The expenses were up by 10.8% YoY during the same period.
  • The company's operating profit declined by 55.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.2% in 2QFY19 as against 12.3% in 2QFY18.
  • Depreciation charges increased by 6.7% and finance costs increased by 20.6% YoY, respectively.
  • Other income increased by 130.2% YoY during the quarter.
  • Net profit for the quarter declined by 56.1% YoY. Net profit margins during the quarter declined from 5.8% in 2QFY18 to 2.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 13.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.1% QoQ during the same period.
  • The company's operating profit declined by 32.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.2% in 2QFY19 as against 6.6% in 1QFY18.
  • Net profit for the quarter increased by 61.8% QoQ, while net profit margins increased from 1.3% in 1QFY18 to 2.3% in 2QFY19.

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 up from Rs 557.2 to Rs 501.7, registering a Loss of Rs 55.6 or around 10.0%.

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 501.7, the price to earnings (P/E) ratio of GODREJ INDUSTRIES stands at 44.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.3 times.

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