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

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GOODYEAR (I) Announces Quarterly Results (3QFY20); Net Profit Down 45.2%
Fri, 14 Feb

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

GOODYEAR (I) Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m4,6414,5414,263-6.1%-8.1%
Other incomeRs m108859612.7%-11.0%
TurnoverRs m4,7494,6264,359-5.8%-8.2%
ExpensesRs m4,3014,0644,058-0.2%-5.6%
Gross profitRs m340476205-57.1%-39.8%
DepreciationRs m1041221295.8%23.8%
InterestRs m71010-1.0%32.4%
Profit before taxRs m336430162-62.3%-51.8%
TaxRs m1195243-17.0%-63.7%
Profit after taxRs m217378119-68.6%-45.2%
Gross profit margin%7.310.54.8
Effective tax rate%35.512.126.7
Net profit margin%4.68.22.7
* 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 8.1% on a year-on-year (YoY) basis. The expenses were down by 5.6% YoY during the same period.
  • The company's operating profit declined by 39.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.8% in 3QFY20 as against 7.3% in 3QFY19.
  • Depreciation charges increased by 23.8% and finance costs increased by 32.4% YoY, respectively.
  • Other income declined by 11.0% YoY during the quarter.
  • Net profit for the quarter declined by 45.2% YoY. Net profit margins during the quarter declined from 4.6% in 3QFY19 to 2.7% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.2% QoQ during the same period.
  • The company's operating profit declined by 57.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.8% in 3QFY20 as against 10.5% in 2QFY19.
  • Net profit for the quarter declined by 68.6% QoQ, while net profit margins declined from 8.2% in 2QFY19 to 2.7% in 3QFY20.

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

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GOODYEAR (I) Share Price Performance

Over the last one year,GOODYEAR (I) share price has moved up from Rs 873.5 to Rs 995.0, registering a Gain of Rs 121.5 or around 13.9%.

Overall, the S&P BSE SENSEX is up 14.5% over the year.

Current Valuations

At the current price of Rs 995.0, the price to earnings (P/E) ratio of GOODYEAR (I) stands at 22.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

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