GOODYEAR (I) Announces Quarterly Results (1QFY19); Net Profit Down 12.9%
Mon, 13 Aug

GOODYEAR (I) has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

GOODYEAR (I) Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m5,0853,8095,34640.4%5.1%
Other incomeRs m719288-4.0%23.8%
TurnoverRs m5,1563,9015,43439.3%5.4%
ExpensesRs m4,6263,4614,94642.9%6.9%
Gross profitRs m45934940014.9%-12.8%
DepreciationRs m88961004.5%13.0%
InterestRs m7787.1%11.9%
Profit before taxRs m43533838112.8%-12.5%
TaxRs m15111813313.0%-11.7%
Profit after taxRs m28522024812.7%-12.9%
Gross profit margin%9.09.17.5
Effective tax rate%34.734.935.0
Net profit margin%5.55.64.6
* 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 5.1% on a year-on-year (YoY) basis. The expenses were up by 6.9% YoY during the same period.
  • The company's operating profit declined by 12.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.5% in 1QFY19 as against 9.0% in 1QFY18.
  • Depreciation charges and finance costs increased by 13.0% YoY and 11.9% YoY, respectively.
  • Other income increased by 23.8% YoY during the quarter.
  • Net profit for the quarter declined by 12.9% YoY. Net profit margins during the quarter declined from 5.5% in 1QFY18 to 4.6% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 40.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 42.9% QoQ during the same period.
  • The company's operating profit declined by 14.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.5% in 1QFY19 as against 9.1% in 4QFY18.
  • Net profit for the quarter increased by 12.7% QoQ, while net profit margins declined from 5.6% in 4QFY18 to 4.6% in 1QFY19.

To see how GOODYEAR (I) has performed over the last eight quarters, please visit here.

GOODYEAR (I) Share Price Performance

Over the last one year, GOODYEAR (I) share price has moved up from Rs 807.3 to Rs 1,120.0, registering a Gain of Rs 312.7 or around 38.7%.

Overall, the S&P BSE SENSEX is up 19.3% over the year.

Current Valuations

At the current price of Rs 1,120.0, the price to earnings (P/E) ratio of GOODYEAR (I) stands at 20.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.2 times.