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

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 Change	YoY Change
Net Sales	Rs m	29,718	26,963	31,207	15.7%	5.0%
Other income	Rs m	1,695	1,586	1,574	-0.8%	-7.2%
Turnover	Rs m	31,413	28,549	32,780	14.8%	4.4%
Expenses	Rs m	27,335	25,377	29,092	14.6%	6.4%
Gross profit	Rs m	3,266	1,586	2,016	27.1%	-38.3%
Depreciation	Rs m	453	590	611	3.6%	34.9%
Interest	Rs m	1,371	1,203	1,192	-0.9%	-13.0%
Profit before tax	Rs m	3,137	1,379	1,786	29.5%	-43.1%
Tax	Rs m	1,048	596	1,064	78.5%	1.5%
Profit after tax	Rs m	2,089	782	722	-7.7%	-65.4%
Gross profit margin	%	11.0	5.9	6.5
Effective tax rate	%	33.4	43.3	59.6
Net profit margin	%	6.6	2.7	2.2

* 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.

Last Day: Watch the Replay of Great Indian Wealth Project Special Event

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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For the quarter ended June 2019, GODREJ INDUSTRIES has posted a net profit of Rs 1 bn (up 196.6% YoY). Sales on the other hand came in at Rs 28 bn (down 6.1% YoY). Read on for a complete analysis of GODREJ INDUSTRIES's quarterly results.

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GODREJ INDUSTRIES SHARE PRICE

BSE: 446.40 0.25% NSE: 446.45 0.29%
Feb 26, 2021 (Close)

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