GODREJ INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Down 117.2%

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GODREJ INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Down 117.2%
Fri, 22 Feb

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

GODREJ INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m24,58526,24024,732-5.7%0.6%
Other incomeRs m6351,3311,026-22.9%61.5%
TurnoverRs m25,22027,57225,758-6.6%2.1%
ExpensesRs m23,06024,88224,154-2.9%4.7%
Gross profitRs m2,6701,358579-57.4%-78.3%
DepreciationRs m4144314330.4%4.5%
InterestRs m1,0111,3231,209-8.6%19.5%
Profit before taxRs m1,880935-38-104.0%-102.0%
TaxRs m571288187-35.0%-67.2%
Profit after taxRs m1,309647-225-134.7%-117.2%
Gross profit margin%10.95.22.3
Effective tax rate%30.430.8-499.7
Net profit margin%5.22.3-0.9
* 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 0.6% on a year-on-year (YoY) basis. The expenses were up by 4.7% YoY during the same period.
  • The company's operating profit declined by 78.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.3% in 3QFY19 as against 10.9% in 3QFY18.
  • Depreciation charges increased by 4.5% and finance costs increased by 19.5% YoY, respectively.
  • Other income increased by 61.5% YoY during the quarter.
  • Net profit for the quarter declined by 117.2% YoY. Net profit margins during the quarter declined from 5.2% in 3QFY18 to -0.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.9% QoQ during the same period.
  • The company's operating profit declined by 57.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.3% in 3QFY19 as against 5.2% in 2QFY18.
  • Net profit for the quarter declined by 134.7% QoQ, while net profit margins declined from 2.3% in 2QFY18 to -0.9% in 3QFY19.

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 542.9 to Rs 481.3, registering a Loss of Rs 61.6 or around 11.3%.

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 481.3, the price to earnings (P/E) ratio of GODREJ INDUSTRIES stands at 70.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.1 times.

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