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RICO AUTO Announces Quarterly Results (1QFY19); Net Profit Up 8.7%

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RICO AUTO Announces Quarterly Results (1QFY19); Net Profit Up 8.7%
Mon, 6 Aug

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

RICO AUTO Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m2,9383,3243,4915.0%18.8%
Other incomeRs m481438170.2%-20.8%
TurnoverRs m2,9863,3393,5305.7%18.2%
ExpensesRs m2,6312,9383,0965.4%17.7%
Gross profitRs m299366355-3.2%18.5%
DepreciationRs m131141141-0.1%7.4%
InterestRs m375856-3.6%52.0%
Profit before taxRs m1801821968.0%9.3%
TaxRs m402442000.0%11.4%
Profit after taxRs m140180152-15.3%8.7%
Gross profit margin%10.211.010.2
Effective tax rate%22.11.222.5
Net profit margin%4.75.44.3
* 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 18.8% on a year-on-year (YoY) basis. The expenses were up by 17.7% YoY during the same period.
  • The company's operating profit increased by 18.5% YoY during the quarter. Consequently, operating profit margins remained same and stood at 10.2% in 1QFY19.
  • Depreciation charges and finance costs increased by 7.4% YoY and 52.0% YoY, respectively.
  • Other income declined by 20.8% YoY during the quarter.
  • Net profit for the quarter increased by 8.7% YoY. Net profit margins during the quarter declined from 4.7% in 1QFY18 to 4.3% in 1QFY19.
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 5.4% QoQ during the same period.
  • The company's operating profit declined by 3.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.2% in 1QFY19 as against 11.0% in 4QFY18.
  • Net profit for the quarter declined by 15.3% QoQ, while net profit margins declined from 5.4% in 4QFY18 to 4.3% in 1QFY19.

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 76.8 to Rs 77.0, registering a Gain of Rs 0.2 or around 0.3%.

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

Current Valuations

At the current price of Rs 77.0, the price to earnings (P/E) ratio of RICO AUTO stands at 18.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

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