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- GOODYEAR (I) Announces Quarterly Results (3QFY20); Net Profit Down 45.2%
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 Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 4,641 | 4,541 | 4,263 | -6.1% | -8.1% |
| Other income | Rs m | 108 | 85 | 96 | 12.7% | -11.0% |
| Turnover | Rs m | 4,749 | 4,626 | 4,359 | -5.8% | -8.2% |
| Expenses | Rs m | 4,301 | 4,064 | 4,058 | -0.2% | -5.6% |
| Gross profit | Rs m | 340 | 476 | 205 | -57.1% | -39.8% |
| Depreciation | Rs m | 104 | 122 | 129 | 5.8% | 23.8% |
| Interest | Rs m | 7 | 10 | 10 | -1.0% | 32.4% |
| Profit before tax | Rs m | 336 | 430 | 162 | -62.3% | -51.8% |
| Tax | Rs m | 119 | 52 | 43 | -17.0% | -63.7% |
| Profit after tax | Rs m | 217 | 378 | 119 | -68.6% | -45.2% |
| Gross profit margin | % | 7.3 | 10.5 | 4.8 | ||
| Effective tax rate | % | 35.5 | 12.1 | 26.7 | ||
| Net profit margin | % | 4.6 | 8.2 | 2.7 |
Interim results exclude extraordinary / exceptional items
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.
DISCOVER: How to Potentially Multiply Your Returns by Upto 5x...
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.
Related Views on News
GOODYEAR (I) 2018-19 Annual Report Analysis (Annual Result Update)
Sep 16, 2019 | Updated on Sep 16, 2019Here'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 (1QFY20); Net Profit Up 5.9% (Quarterly Result Update)
Aug 14, 2019 | Updated on Aug 14, 2019For 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.
GOODYEAR (I) Announces Quarterly Results (4QFY19); Net Profit Up 22.2% (Quarterly Result Update)
Jun 7, 2019 | Updated on Jun 7, 2019For 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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