ARSS INFRASTRUCTURE Announces Quarterly Results (4QFY19); Net Profit Up 99.5%

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ARSS INFRASTRUCTURE Announces Quarterly Results (4QFY19); Net Profit Up 99.5%
Wed, 5 Jun

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

ARSS INFRASTRUCTURE Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,3087581,664119.5%27.2%
Other incomeRs m9229146406.9%58.9%
TurnoverRs m1,4007871,810130.0%29.3%
ExpensesRs m1,6716471,741169.0%4.2%
Gross profitRs m-362111-77-169.4%
DepreciationRs m61495819.2%-4.4%
InterestRs m3727110301.5%194.1%
Profit before taxRs m-36963-99-256.6%
TaxRs m-18133-98-397.3%
Profit after taxRs m-18830-1-103.0%
Gross profit margin%-27.714.6-4.6
Effective tax rate%49.052.299.1
Net profit margin%-13.43.90.0
* 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 27.2% on a year-on-year (YoY) basis. The expenses were up by 4.2% YoY during the same period.
  • The company's operating profit declined by 78.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.6% in 4QFY19 as against 27.7% in 4QFY18.
  • Depreciation charges declined by 4.4% and finance costs increased by 194.1% YoY, respectively.
  • Other income increased by 58.9% YoY during the quarter.
  • Net profit for the quarter increased by 99.5% YoY. Net profit margins during the quarter increased from -13.4% in 4QFY18 to 0.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 119.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 169.0% QoQ during the same period.
  • The company's operating profit declined by 169.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.6% in 4QFY19 as against 14.6% in 3QFY18.
  • Net profit for the quarter declined by 103.0% QoQ, while net profit margins declined from 3.8% in 3QFY18 to 0.0% in 4QFY19.

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 34.5 to Rs 40.7, registering a Gain of Rs 6.2 or around 18.0%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,214.8 (down 0.4%). Over the last one year it has moved up from 2,116.8 to 2,214.8, a gain of 98 points (up 4.6%).

Overall, the S&P BSE SENSEX is up 14.5% over the year.

Current Valuations

At the current price of Rs 40.7, the price to book value (P/BV) ratio of ARSS INFRASTRUCTURE stands at 1.9 times.

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