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

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RICO AUTO Announces Quarterly Results (3QFY19); Net Profit Down 18.6%
Fri, 15 Feb

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

RICO AUTO Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m3,0343,6123,345-7.4%10.3%
Other incomeRs m55304341.6%-21.3%
TurnoverRs m3,0883,6433,388-7.0%9.7%
ExpensesRs m2,7253,1872,981-6.5%9.4%
Gross profitRs m280423325-23.2%16.2%
DepreciationRs m134145145-0.3%8.1%
InterestRs m446757-14.3%30.4%
Profit before taxRs m156241166-31.3%6.0%
TaxRs m306963-8.6%110.8%
Profit after taxRs m127173103-40.3%-18.6%
Gross profit margin%9.211.79.7
Effective tax rate%19.028.437.8
Net profit margin%4.14.73.0
* 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 10.3% on a year-on-year (YoY) basis. The expenses were up by 9.4% YoY during the same period.
  • The company's operating profit increased by 16.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.7% in 3QFY19 as against 9.2% in 3QFY18.
  • Depreciation charges increased by 8.1% and finance costs increased by 30.4% YoY, respectively.
  • Other income declined by 21.3% YoY during the quarter.
  • Net profit for the quarter declined by 18.6% YoY. Net profit margins during the quarter declined from 4.1% in 3QFY18 to 3.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.5% QoQ during the same period.
  • The company's operating profit declined by 23.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.7% in 3QFY19 as against 11.7% in 2QFY18.
  • Net profit for the quarter declined by 40.3% QoQ, while net profit margins declined from 4.8% in 2QFY18 to 3.0% in 3QFY19.

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 up from Rs 87.1 to Rs 57.5, registering a Loss of Rs 29.6 or around 34.0%.

Overall, the S&P BSE SENSEX is up 4.3% over the year.

Current Valuations

At the current price of Rs 57.5, the price to earnings (P/E) ratio of RICO AUTO stands at 12.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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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 (1QFY20); Net Profit Down 74.0% (Quarterly Result Update)

Aug 5, 2019 | Updated on Aug 5, 2019

For the quarter ended June 2019, RICO AUTO has posted a net profit of Rs 40 m (down 74.0% YoY). Sales on the other hand came in at Rs 4 bn (up 4.6% YoY). Read on for a complete analysis of RICO AUTO's quarterly results.

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.

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Nov 24, 2020 03:36 PM

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