HUBTOWN LTD Announces Quarterly Results (3QFY19); Net Profit Down 84.3%

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HUBTOWN LTD Announces Quarterly Results (3QFY19); Net Profit Down 84.3%
Wed, 20 Feb

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

HUBTOWN LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m6712,547532-79.1%-20.7%
Other incomeRs m35517062-63.4%-82.5%
TurnoverRs m1,0262,717594-78.1%-42.1%
ExpensesRs m3512,534308-87.8%-12.2%
Gross profitRs m321132241610.7%-30.1%
DepreciationRs m7777.5%5.9%
InterestRs m41118325740.9%-37.4%
Profit before taxRs m258-622-91.6%
TaxRs m201-1613-93.7%
Profit after taxRs m57109-7.2%-84.3%
Gross profit margin%47.80.542.1
Effective tax rate%77.8254.058.5
Net profit margin%5.60.41.5
* 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 20.7% on a year-on-year (YoY) basis. The expenses were down by 12.2% YoY during the same period.
  • The company's operating profit declined by 30.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 42.1% in 3QFY19 as against 47.8% in 3QFY18.
  • Depreciation charges increased by 5.9% and finance costs declined by 37.4% YoY, respectively.
  • Other income declined by 82.5% YoY during the quarter.
  • Net profit for the quarter declined by 84.3% YoY. Net profit margins during the quarter declined from 5.6% in 3QFY18 to 1.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 79.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 87.8% QoQ during the same period.
  • The company's operating profit increased by 1610.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 42.1% in 3QFY19 as against 0.5% in 2QFY18.
  • Net profit for the quarter declined by 7.2% QoQ, while net profit margins increased from 0.4% in 2QFY18 to 1.5% in 3QFY19.

To see how HUBTOWN LTD has performed over the last eight quarters, please visit here.

HUBTOWN LTD Share Price Performance

Over the last one year, HUBTOWN LTD share price has moved up from Rs 92.9 to Rs 33.5, registering a Loss of Rs 59.4 or around 63.9%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,789.3 (up 0.5%). Over the last one year it has moved down from 2,422.1 to 1,789.3, a gain of 633 points (down 26.1%).

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

Current Valuations

At the current price of Rs 33.5, the price to book value (P/BV) ratio of HUBTOWN LTD stands at 0.2 times.

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