ARSS INFRASTRUCTURE Announces Quarterly Results (3QFY19); Net Profit Up 149.9%

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ARSS INFRASTRUCTURE Announces Quarterly Results (3QFY19); Net Profit Up 149.9%
Wed, 20 Feb

ARSS INFRASTRUCTURE has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

ARSS INFRASTRUCTURE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m910815758-7.0%-16.7%
Other incomeRs m444029-28.4%-34.2%
TurnoverRs m954855787-8.0%-17.5%
ExpensesRs m822765647-15.4%-21.3%
Gross profitRs m8850111122.7%25.8%
DepreciationRs m605549-10.8%-18.0%
InterestRs m785527-50.5%-64.7%
Profit before taxRs m-5-2063
TaxRs m551433134.8%-40.3%
Profit after taxRs m-61-3430
Gross profit margin%9.76.114.6
Effective tax rate%-1,035.5-70.152.2
Net profit margin%-6.4-4.03.9
* 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 16.7% on a year-on-year (YoY) basis. The expenses were down by 21.3% YoY during the same period.
  • The company's operating profit increased by 25.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.6% in 3QFY19 as against 9.7% in 3QFY18.
  • Depreciation charges declined by 18.0% and finance costs declined by 64.7% YoY, respectively.
  • Other income declined by 34.2% YoY during the quarter.
  • Net profit for the quarter increased by 149.9% YoY. Net profit margins during the quarter increased from -6.4% in 3QFY18 to 3.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 15.4% QoQ during the same period.
  • The company's operating profit increased by 122.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.6% in 3QFY19 as against 6.1% in 2QFY18.
  • Net profit for the quarter increased by 188.6% QoQ, while net profit margins increased from -4.0% in 2QFY18 to 3.9% in 3QFY19.

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 52.5 to Rs 35.5, registering a Loss of Rs 17.0 or around 32.4%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,788.1 (up 0.4%). Over the last one year it has moved down from 2,422.1 to 1,788.1, a gain of 634 points (down 26.2%).

Overall, the S&P BSE SENSEX is up 5.5% over the year.

Current Valuations

At the current price of Rs 35.5, the price to book value (P/BV) ratio of ARSS INFRASTRUCTURE stands at 1.6 times.

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