ASHOKA BUILDCON Announces Quarterly Results (4QFY19); Net Profit Down 7.0%

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ASHOKA BUILDCON Announces Quarterly Results (4QFY19); Net Profit Down 7.0%
Fri, 24 May

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

ASHOKA BUILDCON Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m7,02310,65113,07422.7%86.2%
Other incomeRs m61225438049.4%-38.0%
TurnoverRs m7,63510,90513,45423.4%76.2%
ExpensesRs m6,2169,16411,25922.9%81.1%
Gross profitRs m8071,0901,74259.9%115.7%
DepreciationRs m14420226028.8%79.7%
InterestRs m11323936753.4%225.6%
Profit before taxRs m1,1639031,49665.6%28.6%
TaxRs m10928151683.2%375.0%
Profit after taxRs m1,05462298057.6%-7.0%
Gross profit margin%11.510.213.3
Effective tax rate%9.331.234.5
Net profit margin%13.85.77.3
* 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 86.2% on a year-on-year (YoY) basis. The expenses were up by 81.1% YoY during the same period.
  • The company's operating profit increased by 115.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.3% in 4QFY19 as against 11.5% in 4QFY18.
  • Depreciation charges increased by 79.7% and finance costs increased by 225.6% YoY, respectively.
  • Other income declined by 38.0% YoY during the quarter.
  • Net profit for the quarter declined by 7.0% YoY. Net profit margins during the quarter declined from 13.8% in 4QFY18 to 7.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 22.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 22.9% QoQ during the same period.
  • The company's operating profit increased by 59.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.3% in 4QFY19 as against 10.2% in 3QFY18.
  • Net profit for the quarter increased by 57.6% QoQ, while net profit margins increased from 5.7% in 3QFY18 to 7.3% in 4QFY19.

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 170.5 to Rs 125.8, registering a Loss of Rs 44.7 or around 26.2%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,111.7 (up 1.6%). Over the last one year it has moved down from 2,211.3 to 2,111.7, a gain of 100 points (down 4.5%).

Overall, the S&P BSE SENSEX is up 13.3% over the year.

Current Valuations

At the current price of Rs 125.8, the price to earnings (P/E) ratio of ASHOKA BUILDCON stands at 8.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.5 times.

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