ATLANTA LTD Announces Quarterly Results (3QFY19); Net Profit Down 163.3%

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ATLANTA LTD Announces Quarterly Results (3QFY19); Net Profit Down 163.3%
Thu, 24 Jan

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

ATLANTA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2941350273.7%-83.0%
Other incomeRs m929260.8%-7.9%
TurnoverRs m3041659271.7%-80.7%
ExpensesRs m1501031096.1%-27.1%
Gross profitRs m144-90-59-141.1%
DepreciationRs m910100.0%4.9%
InterestRs m604412-73.6%-80.4%
Profit before taxRs m85-141-72-184.6%
TaxRs m29-24-36-226.4%
Profit after taxRs m56-117-36-163.3%
Gross profit margin%49.0-669.0-118.3
Effective tax rate%33.717.250.3
Net profit margin%18.6-739.5-60.8
* 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 83.0% on a year-on-year (YoY) basis. The expenses were down by 27.1% YoY during the same period.
  • The company's operating profit declined by 141.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 118.3% in 3QFY19 as against 49.0% in 3QFY18.
  • Depreciation charges increased by 4.9% and finance costs declined by 80.4% YoY, respectively.
  • Other income declined by 7.9% YoY during the quarter.
  • Net profit for the quarter declined by 163.3% YoY. Net profit margins during the quarter declined from 18.6% in 3QFY18 to -60.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 273.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.1% QoQ during the same period.
  • The company's operating profit increased by 33.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 118.3% in 3QFY19 as against 669.0% in 2QFY18.
  • Net profit for the quarter increased by 69.4% QoQ, while net profit margins increased from -731.3% in 2QFY18 to -60.8% in 3QFY19.

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

ATLANTA LTD Share Price Performance

Over the last one year, ATLANTA LTD share price has moved up from Rs 113.7 to Rs 20.8, registering a Loss of Rs 93.0 or around 81.8%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,866.8 (up 2.1%). Over the last one year it has moved down from 2,690.5 to 1,866.8, a gain of 824 points (down 30.6%).

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

Current Valuations

At the current price of Rs 20.8, the price to book value (P/BV) ratio of ATLANTA LTD stands at 0.2 times.

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