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.

RICO AUTO 2017-18 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

Here's an analysis of the annual report of RICO AUTO for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of RICO AUTO. Also includes updates on the valuation of RICO AUTO.

Sandhar Technologies IPO: Worth Betting on This Automotive Component Manufacturer? (IPO)

Mar 17, 2018

Should you subscribe to the IPO of Sandhar Technologies Ltd?

More Views on News

Most Popular

My 3 Best Small-cap Stocks to Get Rich in this Market Rebound(Profit Hunter)

Oct 14, 2019

This is once in a decade opportunity to make a killing from smallcap rebound.

Finally, Is the Share Price of Yes Bank Ready for a Rebound?(The 5 Minute Wrapup)

Oct 7, 2019

Here's what every individual investor must know about Yes Bank...

What if Indiabulls Housing Finance and Yes Bank Do Not Rebound?(Profit Hunter)

Oct 1, 2019

How long should you wait for fallen blue chips like Yes Bank and Indiabulls Housing Finance to rebound?

The One Stock I Like in this Market(The 5 Minute Wrapup)

Oct 10, 2019

There are rare periods in markets when you get good quality stocks at attractive valuations. Is this one such period?

5 Smart Money Stocks to Profit from the Market Rebound(The 5 Minute Wrapup)

Oct 11, 2019

Now is the time to put money in these 5 stocks to take advantage of the recovery in the economy and the markets.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

RICO AUTO SHARE PRICE


Oct 14, 2019 (Close)

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

COMPARE RICO AUTO WITH

MARKET STATS