GOODYEAR (I) Announces Quarterly Results (1QFY20); Net Profit Up 5.9%

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GOODYEAR (I) Announces Quarterly Results (1QFY20); Net Profit Up 5.9%
Wed, 14 Aug

GOODYEAR (I) has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

GOODYEAR (I) Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m5,3464,2394,90315.7%-8.3%
Other incomeRs m8888901.5%1.9%
TurnoverRs m5,4344,3274,99315.4%-8.1%
ExpensesRs m4,9463,7924,46017.6%-9.8%
Gross profitRs m400447443-0.9%10.6%
DepreciationRs m10010511912.9%18.7%
InterestRs m881032.5%36.0%
Profit before taxRs m381422404-4.4%6.0%
TaxRs m133154141-8.1%6.0%
Profit after taxRs m248269263-2.3%5.9%
Gross profit margin%7.510.59.0
Effective tax rate%35.036.435.0
Net profit margin%4.66.25.3
* 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 fell 8.3% on a year-on-year (YoY) basis. The expenses were down by 9.8% YoY during the same period.
  • The company's operating profit increased by 10.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.0% in 1QFY20 as against 7.5% in 1QFY19.
  • Depreciation charges increased by 18.7% and finance costs increased by 36.0% YoY, respectively.
  • Other income increased by 1.9% YoY during the quarter.
  • Net profit for the quarter increased by 5.9% YoY. Net profit margins during the quarter increased from 4.6% in 1QFY19 to 5.3% in 1QFY20.
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 17.6% QoQ during the same period.
  • The company's operating profit declined by 0.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.0% in 1QFY20 as against 10.5% in 4QFY19.
  • Net profit for the quarter declined by 2.3% QoQ, while net profit margins declined from 6.2% in 4QFY19 to 5.3% in 1QFY20.

To see how GOODYEAR (I) has performed over the last eight quarters,please visit here.

GOODYEAR (I) Share Price Performance

Over the last one year,GOODYEAR (I) share price has moved down from Rs 1,109.7 to Rs 837.0, registering a Loss of Rs 272.7 or around 24.6%.

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

Current Valuations

At the current price of Rs 837.0, the price to earnings (P/E) ratio of GOODYEAR (I) stands at 18.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.4 times.

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GOODYEAR (I) Announces Quarterly Results (3QFY20); Net Profit Down 45.2% (Quarterly Result Update)

Feb 14, 2020 | Updated on Feb 14, 2020

For the quarter ended December 2019, GOODYEAR (I) has posted a net profit of Rs 119 m (down 45.2% YoY). Sales on the other hand came in at Rs 4 bn (down 8.1% YoY). Read on for a complete analysis of GOODYEAR (I)'s quarterly results.

GOODYEAR (I) 2018-19 Annual Report Analysis (Annual Result Update)

Sep 16, 2019 | Updated on Sep 16, 2019

Here's an analysis of the annual report of GOODYEAR (I) for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of GOODYEAR (I). Also includes updates on the valuation of GOODYEAR (I).

GOODYEAR (I) Announces Quarterly Results (4QFY19); Net Profit Up 22.2% (Quarterly Result Update)

Jun 7, 2019 | Updated on Jun 7, 2019

For the quarter ended March 2019, GOODYEAR (I) has posted a net profit of Rs 269 m (up 22.2% YoY). Sales on the other hand came in at Rs 4 bn (up 11.3% YoY). Read on for a complete analysis of GOODYEAR (I)'s quarterly results.

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