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

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GOODYEAR (I) Announces Quarterly Results (4QFY19); Net Profit Up 22.2%
Fri, 7 Jun

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

GOODYEAR (I) Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m3,8094,6414,239-8.7%11.3%
Other incomeRs m9210888-18.1%-3.6%
TurnoverRs m3,9014,7494,327-8.9%10.9%
ExpensesRs m3,4614,3013,792-11.8%9.6%
Gross profitRs m34934044731.5%28.1%
DepreciationRs m961041051.0%9.9%
InterestRs m7784.1%10.0%
Profit before taxRs m33833642225.6%25.1%
TaxRs m11811915428.7%30.4%
Profit after taxRs m22021726923.8%22.2%
Gross profit margin%9.17.310.5
Effective tax rate%34.935.536.4
Net profit margin%5.64.66.2
* 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 11.3% on a year-on-year (YoY) basis. The expenses were up by 9.6% YoY during the same period.
  • The company's operating profit increased by 28.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.5% in 4QFY19 as against 9.1% in 4QFY18.
  • Depreciation charges increased by 9.9% and finance costs increased by 10.0% YoY, respectively.
  • Other income declined by 3.6% YoY during the quarter.
  • Net profit for the quarter increased by 22.2% YoY. Net profit margins during the quarter increased from 5.6% in 4QFY18 to 6.2% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.8% QoQ during the same period.
  • The company's operating profit increased by 31.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.5% in 4QFY19 as against 7.3% in 3QFY18.
  • Net profit for the quarter increased by 23.8% QoQ, while net profit margins increased from 4.6% in 3QFY18 to 6.2% in 4QFY19.

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 1,116.5 to Rs 950.0, registering a Loss of Rs 166.5 or around 14.9%.

Overall, the S&P BSE SENSEX is up 11.9% over the year.

Current Valuations

At the current price of Rs 950.0, the price to earnings (P/E) ratio of GOODYEAR (I) stands at 21.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.

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Related Views on News

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 (1QFY20); Net Profit Up 5.9% (Quarterly Result Update)

Aug 14, 2019 | Updated on Aug 14, 2019

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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