HUBTOWN LTD Announces Quarterly Results (4QFY19); Net Profit Up 60.4%

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HUBTOWN LTD Announces Quarterly Results (4QFY19); Net Profit Up 60.4%
Thu, 6 Jun

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

HUBTOWN LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m792532277-48.0%-65.1%
Other incomeRs m89562244292.6%-72.7%
TurnoverRs m1,687594521-12.4%-69.1%
ExpensesRs m1,57530858389.3%-63.0%
Gross profitRs m-783224-306-236.7%
DepreciationRs m777-5.6%0.0%
InterestRs m565257-3-101.0%-100.5%
Profit before taxRs m-46022-66-405.1%
TaxRs m-2231327115.7%
Profit after taxRs m-2369-94-1140.0%
Gross profit margin%-98.942.1-110.8
Effective tax rate%48.658.5-41.4
Net profit margin%-14.01.5-18.0
* 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 fell 65.1% on a year-on-year (YoY) basis. The expenses were down by 63.0% YoY during the same period.
  • The company's operating profit declined by 60.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 110.8% in 4QFY19 as against 98.9% in 4QFY18.
  • Depreciation charges increased by 0.0% and finance costs declined by 100.5% YoY, respectively.
  • Other income declined by 72.7% YoY during the quarter.
  • Net profit for the quarter increased by 60.4% YoY. Net profit margins during the quarter declined from -14.0% in 4QFY18 to -18.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 48.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 89.3% QoQ during the same period.
  • The company's operating profit declined by 236.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 110.8% in 4QFY19 as against 42.1% in 3QFY18.
  • Net profit for the quarter declined by 1140.0% QoQ, while net profit margins declined from 1.5% in 3QFY18 to -18.0% in 4QFY19.

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 60.5 to Rs 28.9, registering a Loss of Rs 31.6 or around 52.2%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,199.5 (down 0.7%). Over the last one year it has moved up from 2,147.9 to 2,199.5, a gain of 52 points (up 2.4%).

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 28.9, the price to book value (P/BV) ratio of HUBTOWN LTD stands at 0.1 times.

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