GOKALDAS EXPORTS Announces Quarterly Results (3QFY19); Net Profit Up 148.4%

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GOKALDAS EXPORTS Announces Quarterly Results (3QFY19); Net Profit Up 148.4%
Fri, 15 Feb

GOKALDAS EXPORTS has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

GOKALDAS EXPORTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,3752,9412,657-9.6%11.9%
Other incomeRs m100497554.0%-24.7%
TurnoverRs m2,4742,9892,732-8.6%10.4%
ExpensesRs m2,5112,8462,530-11.1%0.7%
Gross profitRs m-1379512734.8%
DepreciationRs m39404512.0%13.0%
InterestRs m958877-13.3%-19.4%
Profit before taxRs m-1721581436.5%
TaxRs m-4000.0%
Profit after taxRs m-1681581436.5%
Gross profit margin%-5.83.24.8
Effective tax rate%2.10.00.0
Net profit margin%-6.80.53.0
* 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 11.9% on a year-on-year (YoY) basis. The expenses were up by 0.7% YoY during the same period.
  • The company's operating profit declined by 193.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.8% in 3QFY19 as against 5.8% in 3QFY18.
  • Depreciation charges increased by 13.0% and finance costs declined by 19.4% YoY, respectively.
  • Other income declined by 24.7% YoY during the quarter.
  • Net profit for the quarter increased by 148.4% YoY. Net profit margins during the quarter increased from -6.8% in 3QFY18 to 3.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.1% QoQ during the same period.
  • The company's operating profit increased by 34.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.8% in 3QFY19 as against 3.2% in 2QFY18.
  • Net profit for the quarter increased by 436.5% QoQ, while net profit margins increased from 0.5% in 2QFY18 to 3.0% in 3QFY19.

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 101.7 to Rs 72.0, registering a Loss of Rs 29.7 or around 29.2%.

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 72.0, the price to earnings (P/E) ratio of GOKALDAS EXPORTS stands at 12.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

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Jan 23, 2020 01:57 PM

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