GOKALDAS EXPORTS Announces Quarterly Results (1QFY20); Net Profit Up 779.0%

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GOKALDAS EXPORTS Announces Quarterly Results (1QFY20); Net Profit Up 779.0%
Wed, 31 Jul

GOKALDAS EXPORTS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

GOKALDAS EXPORTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m2,8493,2633,4134.6%19.8%
Other incomeRs m283896153.5%247.7%
TurnoverRs m2,8773,3013,5096.3%22.0%
ExpensesRs m2,7082,9913,1986.9%18.1%
Gross profitRs m141209475127.2%236.4%
DepreciationRs m386712689.2%233.3%
InterestRs m91748920.9%-1.8%
Profit before taxRs m41107356233.3%779.0%
TaxRs m0-600.0%
Profit after taxRs m41113356214.7%779.0%
Gross profit margin%5.06.413.9
Effective tax rate%0.0-5.90.0
Net profit margin%1.43.410.2
* 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 19.8% on a year-on-year (YoY) basis. The expenses were up by 18.1% YoY during the same period.
  • The company's operating profit increased by 236.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.9% in 1QFY20 as against 5.0% in 1QFY19.
  • Depreciation charges increased by 233.3% and finance costs declined by 1.8% YoY, respectively.
  • Other income increased by 247.7% YoY during the quarter.
  • Net profit for the quarter increased by 779.0% YoY. Net profit margins during the quarter increased from 1.4% in 1QFY19 to 10.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.9% QoQ during the same period.
  • The company's operating profit increased by 127.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.9% in 1QFY20 as against 6.4% in 4QFY19.
  • Net profit for the quarter increased by 214.7% QoQ, while net profit margins increased from 3.4% in 4QFY19 to 10.2% in 1QFY20.

To see how GOKALDAS EXPORTS has performed over the last eight quarters,please visit here.

GOKALDAS EXPORTS Share Price Performance

Over the last one year,GOKALDAS EXPORTS share price has moved up from Rs 82.0 to Rs 85.4, registering a Gain of Rs 3.4 or around 4.1%.

Overall, the S&P BSE SENSEX is down 0.7% over the year.

Current Valuations

At the current price of Rs 85.4, the price to earnings (P/E) ratio of GOKALDAS EXPORTS stands at 5.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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