ATLANTA LTD Announces Quarterly Results (4QFY18); Net Profit Down 227.4%

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ATLANTA LTD Announces Quarterly Results (4QFY18); Net Profit Down 227.4%
Wed, 1 Aug

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

ATLANTA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m764294125-57.4%-83.6%
Other incomeRs m0928198.4%70025.0%
TurnoverRs m764304153-49.5%-79.9%
ExpensesRs m3691501638.8%-55.8%
Gross profitRs m395144-336-333.0%-185.0%
DepreciationRs m1199-4.7%-22.9%
InterestRs m9560624.3%-34.5%
Profit before taxRs m28985-379-545.7%-231.0%
TaxRs m7329-104-462.7%-241.3%
Profit after taxRs m21656-275-587.9%-227.4%
Gross profit margin%51.749.0-268.1
Effective tax rate%25.433.727.4
Net profit margin%28.218.6-179.3
* 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 fell 83.6% on a year-on-year (YoY) basis. The expenses were down by 55.8% YoY during the same period.
  • The company's operating profit declined by 185.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 268.1% in 4QFY18 as against 51.7% in 4QFY17.
  • Depreciation charges and finance costs declined by 22.9% YoY and 34.5% YoY, respectively.
  • Other income increased by 70025.0% YoY during the quarter.
  • Net profit for the quarter declined by 227.4% YoY. Net profit margins during the quarter declined from 28.2% in 4QFY17 to -179.3% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 57.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.8% QoQ during the same period.
  • The company's operating profit declined by 333.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 268.1% in 4QFY18 as against 49.0% in 3QFY17.
  • Net profit for the quarter declined by 587.9% QoQ, while net profit margins declined from 18.4% in 3QFY17 to -179.3% in 4QFY18.

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 102.3 to Rs 39.7, registering a Loss of Rs 62.6 or around 61.2%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,092.9 (down 0.1%). Over the last one year it has moved down from 2,187.1 to 2,092.9, a gain of 94 points (down 4.3%).

Overall, the S&P BSE SENSEX is down 0.0% over the year.

Current Valuations

At the current price of Rs 39.7, the price to earnings (P/E) ratio of ATLANTA LTD stands at 20.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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