ATLANTA LTD Announces Quarterly Results (4QFY19); Net Profit Up 172.1%

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ATLANTA LTD Announces Quarterly Results (4QFY19); Net Profit Up 172.1%
Wed, 22 May

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

ATLANTA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m125508262.8%-35.0%
Other incomeRs m2894264814.5%1417.3%
TurnoverRs m15359507763.5%230.5%
ExpensesRs m163109224105.1%37.4%
Gross profitRs m-336-59-143
DepreciationRs m9104-61.5%-57.7%
InterestRs m621224109.5%-60.6%
Profit before taxRs m-379-72255
TaxRs m-104-3657
Profit after taxRs m-275-36198
Gross profit margin%-268.1-118.3-175.0
Effective tax rate%27.450.322.2
Net profit margin%-179.3-60.839.1
* 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 35.0% on a year-on-year (YoY) basis. The expenses were up by 37.4% YoY during the same period.
  • The company's operating profit declined by 57.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 175.0% in 4QFY19 as against 268.1% in 4QFY18.
  • Depreciation charges declined by 57.7% and finance costs declined by 60.6% YoY, respectively.
  • Other income increased by 1417.3% YoY during the quarter.
  • Net profit for the quarter increased by 172.1% YoY. Net profit margins during the quarter increased from -179.3% in 4QFY18 to 39.1% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 62.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 105.1% QoQ during the same period.
  • The company's operating profit declined by 140.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 175.0% in 4QFY19 as against 118.3% in 3QFY18.
  • Net profit for the quarter increased by 655.2% QoQ, while net profit margins increased from -61.0% in 3QFY18 to 39.1% in 4QFY19.

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 61.8 to Rs 14.9, registering a Loss of Rs 46.9 or around 75.9%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,078.8 (up 1.1%). Over the last one year it has moved down from 2,250.5 to 2,078.8, a gain of 172 points (down 7.6%).

Overall, the S&P BSE SENSEX is up 13.1% over the year.

Current Valuations

At the current price of Rs 14.9, the price to book value (P/BV) ratio of ATLANTA LTD stands at 0.3 times.

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