ARSS INFRASTRUCTURE Announces Quarterly Results (1QFY20); Net Profit Up 95.2%

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ARSS INFRASTRUCTURE Announces Quarterly Results (1QFY20); Net Profit Up 95.2%
Fri, 16 Aug

ARSS INFRASTRUCTURE has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ARSS INFRASTRUCTURE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,3541,6641,011-39.3%-25.3%
Other incomeRs m4714622-84.9%-52.8%
TurnoverRs m1,4011,8101,033-42.9%-26.3%
ExpensesRs m1,3721,741978-43.8%-28.8%
Gross profitRs m-18-7733
DepreciationRs m585852-10.3%-10.0%
InterestRs m8311010-91.1%-88.1%
Profit before taxRs m-112-99-7
TaxRs m-5-98-2
Profit after taxRs m-107-1-5
Gross profit margin%-1.3-4.63.3
Effective tax rate%4.599.125.0
Net profit margin%-7.60.0-0.5
* 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 fell 25.3% on a year-on-year (YoY) basis. The expenses were down by 28.8% YoY during the same period.
  • The company's operating profit declined by 282.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.3% in 1QFY20 as against 1.3% in 1QFY19.
  • Depreciation charges declined by 10.0% and finance costs declined by 88.1% YoY, respectively.
  • Other income declined by 52.8% YoY during the quarter.
  • Net profit for the quarter increased by 95.2% YoY. Net profit margins during the quarter increased from -7.6% in 1QFY19 to -0.5% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 39.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 43.8% QoQ during the same period.
  • The company's operating profit increased by 143.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.3% in 1QFY20 as against 4.6% in 4QFY19.
  • Net profit for the quarter declined by 466.7% QoQ, while net profit margins declined from -0.1% in 4QFY19 to -0.5% in 1QFY20.

To see how ARSS INFRASTRUCTURE has performed over the last eight quarters,please visit here.

ARSS INFRASTRUCTURE Share Price Performance

Over the last one year,ARSS INFRASTRUCTURE share price has moved up from Rs 24.5 to Rs 28.8, registering a Gain of Rs 4.3 or around 17.6%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,037.9 (up 0.1%). Over the last one year it has moved down from 2,117.8 to 2,037.9, a gain of 80 points (down 3.8%).

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 28.8, the price to book value (P/BV) ratio of ARSS INFRASTRUCTURE stands at 1.3 times.

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