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RICO AUTO Announces Quarterly Results (4QFY18); Net Profit Up 179.2%

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RICO AUTO Announces Quarterly Results (4QFY18); Net Profit Up 179.2%
Mon, 11 Jun

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

RICO AUTO Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m2,7473,0343,3249.6%21.0%
Other incomeRs m175514-74.1%-19.0%
TurnoverRs m2,7643,0883,3398.1%20.8%
ExpensesRs m2,5282,7252,9387.8%16.2%
Gross profitRs m21128036631.0%74.0%
DepreciationRs m1111341415.2%26.7%
InterestRs m19445832.2%208.0%
Profit before taxRs m9815618216.2%85.5%
TaxRs m34302-92.9%-93.8%
Profit after taxRs m6412718041.8%179.2%
Gross profit margin%7.79.211.0
Effective tax rate%34.319.01.2
Net profit margin%2.34.15.4
* 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 21.0% on a year-on-year (YoY) basis. The expenses were up by 16.2% YoY during the same period.
  • The company's operating profit increased by 74.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.0% in 4QFY18 as against 7.7% in 4QFY17.
  • Depreciation charges and finance costs increased by 26.7% YoY and 208.0% YoY, respectively.
  • Other income declined by 19.0% YoY during the quarter.
  • Net profit for the quarter increased by 179.2% YoY. Net profit margins during the quarter increased from 2.3% in 4QFY17 to 5.4% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.8% QoQ during the same period.
  • The company's operating profit declined by 31.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.0% in 4QFY18 as against 9.2% in 3QFY17.
  • Net profit for the quarter increased by 41.8% QoQ, while net profit margins increased from 4.1% in 3QFY17 to 5.4% in 4QFY18.

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 55.9 to Rs 73.5, registering a Gain of Rs 17.7 or around 31.6%.

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 73.5, the price to earnings (P/E) ratio of RICO AUTO stands at 17.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.9 times.

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For the quarter ended June 2018, RICO AUTO has posted a net profit of Rs 152 m (up 8.7% YoY). Sales on the other hand came in at Rs 3 bn (up 18.8% YoY). Read on for a complete analysis of RICO AUTO's quarterly results.

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