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GODFREY PHILLIPS Announces Quarterly Results (2QFY19); Net Profit Up 19.7%
Mon, 5 Nov

GODFREY PHILLIPS has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

GODFREY PHILLIPS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m6,5435,9836,59510.2%0.8%
Other incomeRs m16610416155.2%-3.5%
TurnoverRs m6,7096,0876,75611.0%0.7%
ExpensesRs m5,6335,0085,4218.2%-3.8%
Gross profitRs m9109751,17420.4%29.0%
DepreciationRs m2372372494.9%5.2%
InterestRs m421-71.4%-82.9%
Profit before taxRs m8368391,08529.3%29.8%
TaxRs m24827238140.3%53.6%
Profit after taxRs m58856770424.0%19.7%
Gross profit margin%13.916.317.8
Effective tax rate%29.732.435.1
Net profit margin%8.89.310.4
* 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 0.8% on a year-on-year (YoY) basis. The expenses were down by 3.8% YoY during the same period.
  • The company's operating profit increased by 29.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.8% in 2QFY19 as against 13.9% in 2QFY18.
  • Depreciation charges increased by 5.2% and finance costs declined by 82.9% YoY, respectively.
  • Other income declined by 3.5% YoY during the quarter.
  • Net profit for the quarter increased by 19.7% YoY. Net profit margins during the quarter increased from 8.8% in 2QFY18 to 10.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.2% QoQ during the same period.
  • The company's operating profit increased by 20.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.8% in 2QFY19 as against 16.3% in 1QFY18.
  • Net profit for the quarter increased by 24.0% QoQ, while net profit margins increased from 9.3% in 1QFY18 to 10.4% in 2QFY19.

To see how GODFREY PHILLIPS has performed over the last eight quarters, please visit here.

GODFREY PHILLIPS Share Price Performance

Over the last one year, GODFREY PHILLIPS share price has moved up from Rs 1,026.0 to Rs 782.1, registering a Loss of Rs 243.9 or around 23.8%.

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 782.1, the price to earnings (P/E) ratio of GODFREY PHILLIPS stands at 17.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.