GOODYEAR (I) Announces Quarterly Results (3QFY19); Net Profit Down 42.3%

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GOODYEAR (I) Announces Quarterly Results (3QFY19); Net Profit Down 42.3%
Mon, 18 Feb

GOODYEAR (I) has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

GOODYEAR (I) Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m3,9894,8934,641-5.2%16.3%
Other incomeRs m1339810810.2%-18.8%
TurnoverRs m4,1224,9914,749-4.9%15.2%
ExpensesRs m3,4464,4414,301-3.1%24.8%
Gross profitRs m543453340-25.0%-37.4%
DepreciationRs m911021042.5%14.4%
InterestRs m8770.0%-8.6%
Profit before taxRs m577442336-23.9%-41.7%
TaxRs m201154119-22.7%-40.5%
Profit after taxRs m376287217-24.5%-42.3%
Gross profit margin%13.69.37.3
Effective tax rate%34.834.935.5
Net profit margin%9.15.84.6
* 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 16.3% on a year-on-year (YoY) basis. The expenses were up by 24.8% YoY during the same period.
  • The company's operating profit declined by 37.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.3% in 3QFY19 as against 13.6% in 3QFY18.
  • Depreciation charges increased by 14.4% and finance costs declined by 8.6% YoY, respectively.
  • Other income declined by 18.8% YoY during the quarter.
  • Net profit for the quarter declined by 42.3% YoY. Net profit margins during the quarter declined from 9.1% in 3QFY18 to 4.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.1% QoQ during the same period.
  • The company's operating profit declined by 25.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.3% in 3QFY19 as against 9.3% in 2QFY18.
  • Net profit for the quarter declined by 24.5% QoQ, while net profit margins declined from 5.8% in 2QFY18 to 4.6% in 3QFY19.

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 up from Rs 1,170.2 to Rs 868.4, registering a Loss of Rs 301.8 or around 25.8%.

Overall, the S&P BSE SENSEX is up 3.7% over the year.

Current Valuations

At the current price of Rs 868.4, the price to earnings (P/E) ratio of GOODYEAR (I) stands at 20.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.5 times.

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For the quarter ended June 2019, GOODYEAR (I) has posted a net profit of Rs 262 m (up 5.9% YoY). Sales on the other hand came in at Rs 5 bn (down 8.3% YoY). Read on for a complete analysis of GOODYEAR (I)'s quarterly results.

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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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