GODREJ INDUSTRIES Announces Quarterly Results (4QFY20); Net Profit Down 65.4%

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GODREJ INDUSTRIES Announces Quarterly Results (4QFY20); Net Profit Down 65.4%
Wed, 27 May

GODREJ INDUSTRIES has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

GODREJ INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m29,71826,96331,20715.7%5.0%
Other incomeRs m1,6951,5861,574-0.8%-7.2%
TurnoverRs m31,41328,54932,78014.8%4.4%
ExpensesRs m27,33525,37729,09214.6%6.4%
Gross profitRs m3,2661,5862,01627.1%-38.3%
DepreciationRs m4535906113.6%34.9%
InterestRs m1,3711,2031,192-0.9%-13.0%
Profit before taxRs m3,1371,3791,78629.5%-43.1%
TaxRs m1,0485961,06478.5%1.5%
Profit after taxRs m2,089782722-7.7%-65.4%
Gross profit margin%11.05.96.5
Effective tax rate%33.443.359.6
Net profit margin%6.62.72.2
* 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 5.0% on a year-on-year (YoY) basis. The expenses were up by 6.4% YoY during the same period.
  • The company's operating profit declined by 38.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.5% in 4QFY20 as against 11.0% in 4QFY19.
  • Depreciation charges increased by 34.9% and finance costs declined by 13.0% YoY, respectively.
  • Other income declined by 7.2% YoY during the quarter.
  • Net profit for the quarter declined by 65.4% YoY. Net profit margins during the quarter declined from 6.6% in 4QFY19 to 2.2% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 15.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 14.6% QoQ during the same period.
  • The company's operating profit increased by 27.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.5% in 4QFY20 as against 5.9% in 3QFY19.
  • Net profit for the quarter declined by 7.7% QoQ, while net profit margins declined from 2.7% in 3QFY19 to 2.2% in 4QFY20.

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

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GODREJ INDUSTRIES Share Price Performance

Over the last one year,GODREJ INDUSTRIES share price has moved down from Rs 494.9 to Rs 285.0, registering a Loss of Rs 209.9 or around 42.4%.

Overall, the S&P BSE SENSEX is down 22.2% over the year.

Current Valuations

At the current price of Rs 285.0, the price to earnings (P/E) ratio of GODREJ INDUSTRIES stands at 25.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.2 times.

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