ASHOKA BUILDCON Announces Quarterly Results (3QFY19); Net Profit Up 19.6%

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ASHOKA BUILDCON Announces Quarterly Results (3QFY19); Net Profit Up 19.6%
Thu, 31 Jan

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

ASHOKA BUILDCON Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m6,5897,64410,65139.3%61.6%
Other incomeRs m16615725461.5%53.3%
TurnoverRs m6,7557,80210,90539.8%61.4%
ExpensesRs m5,7946,6079,16438.7%58.2%
Gross profitRs m7961,0371,0905.1%37.0%
DepreciationRs m14416620221.7%39.8%
InterestRs m12813023984.3%87.2%
Profit before taxRs m6898999030.5%31.0%
TaxRs m1702782811.3%66.0%
Profit after taxRs m5206216220.1%19.6%
Gross profit margin%12.113.610.2
Effective tax rate%24.630.931.2
Net profit margin%7.78.05.7
* 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 61.6% on a year-on-year (YoY) basis. The expenses were up by 58.2% YoY during the same period.
  • The company's operating profit increased by 37.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.2% in 3QFY19 as against 12.1% in 3QFY18.
  • Depreciation charges increased by 39.8% and finance costs increased by 87.2% YoY, respectively.
  • Other income increased by 53.3% YoY during the quarter.
  • Net profit for the quarter increased by 19.6% YoY. Net profit margins during the quarter declined from 7.7% in 3QFY18 to 5.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 39.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 38.7% QoQ during the same period.
  • The company's operating profit declined by 5.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.2% in 3QFY19 as against 13.6% in 2QFY18.
  • Net profit for the quarter increased by 0.1% QoQ, while net profit margins declined from 8.0% in 2QFY18 to 5.7% in 3QFY19.

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 152.3 to Rs 123.3, registering a Loss of Rs 29.0 or around 19.0%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,764.9 (up 0.0%). Over the last one year it has moved down from 2,609.1 to 1,764.9, a gain of 844 points (down 32.4%).

Overall, the S&P BSE SENSEX is down 0.2% over the year.

Current Valuations

At the current price of Rs 123.3, the price to earnings (P/E) ratio of ASHOKA BUILDCON stands at 7.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.3 times.

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