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ASHOKA BUILDCON Announces Quarterly Results (2QFY19); Net Profit Up 90.0%

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ASHOKA BUILDCON Announces Quarterly Results (2QFY19); Net Profit Up 90.0%
Mon, 12 Nov

ASHOKA BUILDCON has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

ASHOKA BUILDCON Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,7876,8377,64411.8%101.9%
Other incomeRs m108366157-57.0%46.0%
TurnoverRs m3,8957,2037,8028.3%100.3%
ExpensesRs m3,2816,0256,6079.7%101.4%
Gross profitRs m5068131,03727.6%104.9%
DepreciationRs m13013616622.0%27.2%
InterestRs m116171130-24.3%12.3%
Profit before taxRs m3688718993.2%144.3%
TaxRs m4123227819.6%573.3%
Profit after taxRs m327639621-2.8%90.0%
Gross profit margin%13.411.913.6
Effective tax rate%11.226.730.9
Net profit margin%8.48.98.0
* 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 101.9% on a year-on-year (YoY) basis. The expenses were up by 101.4% YoY during the same period.
  • The company's operating profit increased by 104.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.6% in 2QFY19 as against 13.4% in 2QFY18.
  • Depreciation charges increased by 27.2% and finance costs increased by 12.3% YoY, respectively.
  • Other income increased by 46.0% YoY during the quarter.
  • Net profit for the quarter increased by 90.0% YoY. Net profit margins during the quarter declined from 8.4% in 2QFY18 to 8.0% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.7% QoQ during the same period.
  • The company's operating profit increased by 27.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.6% in 2QFY19 as against 11.9% in 1QFY18.
  • Net profit for the quarter declined by 2.8% QoQ, while net profit margins declined from 8.9% in 1QFY18 to 8.0% in 2QFY19.

To see how ASHOKA BUILDCON has performed over the last eight quarters, please visit here.

ASHOKA BUILDCON Share Price Performance

Over the last one year, ASHOKA BUILDCON share price has moved up from Rs 145.7 to Rs 121.6, registering a Loss of Rs 24.1 or around 16.6%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,744.6 (down 1.0%). Over the last one year it has moved down from 2,307.9 to 1,744.6, a gain of 563 points (down 24.4%).

Overall, the S&P BSE SENSEX is up 5.6% over the year.

Current Valuations

At the current price of Rs 121.6, the price to earnings (P/E) ratio of ASHOKA BUILDCON stands at 8.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.2 times.

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