RICO AUTO Announces Quarterly Results (1QFY20); Net Profit Down 74.0%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

RICO AUTO Announces Quarterly Results (1QFY20); Net Profit Down 74.0%
Mon, 5 Aug

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

RICO AUTO Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m3,4913,4783,6535.0%4.6%
Other incomeRs m388334-58.8%-10.5%
TurnoverRs m3,5303,5603,6873.6%4.5%
ExpensesRs m3,0963,2273,3674.3%8.7%
Gross profitRs m35524628415.6%-19.9%
DepreciationRs m14114619030.5%35.2%
InterestRs m568873-17.4%30.8%
Profit before taxRs m1969455-41.8%-72.0%
TaxRs m443615-57.3%-65.3%
Profit after taxRs m1525940-32.3%-74.0%
Gross profit margin%10.27.17.8
Effective tax rate%22.538.027.9
Net profit margin%4.31.61.1
* 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 4.6% on a year-on-year (YoY) basis. The expenses were up by 8.7% YoY during the same period.
  • The company's operating profit declined by 19.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.8% in 1QFY20 as against 10.2% in 1QFY19.
  • Depreciation charges increased by 35.2% and finance costs increased by 30.8% YoY, respectively.
  • Other income declined by 10.5% YoY during the quarter.
  • Net profit for the quarter declined by 74.0% YoY. Net profit margins during the quarter declined from 4.3% in 1QFY19 to 1.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.3% QoQ during the same period.
  • The company's operating profit increased by 15.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.8% in 1QFY20 as against 7.1% in 4QFY19.
  • Net profit for the quarter declined by 32.3% QoQ, while net profit margins declined from 1.6% in 4QFY19 to 1.1% in 1QFY20.

To see how RICO AUTO has performed over the last eight quarters,please visit here.

RICO AUTO Share Price Performance

Over the last one year,RICO AUTO share price has moved down from Rs 74.9 to Rs 39.1, registering a Loss of Rs 35.8 or around 47.8%.

Overall, the S&P BSE SENSEX is down 1.8% over the year.

Current Valuations

At the current price of Rs 39.1, the price to earnings (P/E) ratio of RICO AUTO stands at 14.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

Equitymaster requests your view! Post a comment on "RICO AUTO Announces Quarterly Results (1QFY20); Net Profit Down 74.0%". Click here!

  

Related Views on News

RICO AUTO 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 RICO AUTO for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of RICO AUTO. Also includes updates on the valuation of RICO AUTO.

RICO AUTO Announces Quarterly Results (4QFY19); Net Profit Down 67.4% (Quarterly Result Update)

Jun 10, 2019 | Updated on Jun 10, 2019

For the quarter ended March 2019, RICO AUTO has posted a net profit of Rs 58 m (down 67.4% YoY). Sales on the other hand came in at Rs 3 bn (up 4.6% YoY). Read on for a complete analysis of RICO AUTO's quarterly results.

RICO AUTO Announces Quarterly Results (3QFY19); Net Profit Down 18.6% (Quarterly Result Update)

Feb 15, 2019 | Updated on Feb 15, 2019

For the quarter ended December 2018, RICO AUTO has posted a net profit of Rs 103 m (down 18.6% YoY). Sales on the other hand came in at Rs 3 bn (up 10.3% YoY). Read on for a complete analysis of RICO AUTO's quarterly results.

More Views on News

Most Popular

Not Infosys or Wipro. India's Next Wealth Creators Could Be Drone Stocks(Profit Hunter)

Nov 25, 2020

India's drones directorate signals the next big defence tech multibaggers.

It's Time to Book Profits(Fast Profits Daily)

Nov 27, 2020

In my first video on Equitymaster, I want to introduce you my proprietary greed and fear index. It's telling us to book some profits in the market.

How the New Margins Will Impact You(Fast Profits Daily)

Nov 25, 2020

The new rules on margins will come into effect from 1st December. Are you ready?

Is this Sector the Best Contrarian Bet Right Now?(Profit Hunter)

Nov 23, 2020

The risk reward ratio in this beaten down sector may have finally turned for the better.

The Price of Dying, the Cost of Living(The Honest Truth)

Nov 20, 2020

Ajit Dayal presents a cost benefit analysis of the various types of response to covid around the world.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

RICO AUTO SHARE PRICE


Dec 1, 2020 03:36 PM

TRACK RICO AUTO

  • Track your investment in RICO AUTO with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

RICO AUTO - ASAHI INDIA COMPARISON

COMPARE RICO AUTO WITH

MARKET STATS