BRIGADE ENTERPRISES Announces Quarterly Results (2QFY19); Net Profit Up 105.6%

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BRIGADE ENTERPRISES Announces Quarterly Results (2QFY19); Net Profit Up 105.6%
Thu, 15 Nov

BRIGADE ENTERPRISES has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

BRIGADE ENTERPRISES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m4,8476,9918,25918.1%70.4%
Other incomeRs m14888177101.5%19.7%
TurnoverRs m4,9957,0798,43619.2%68.9%
ExpensesRs m3,5065,1966,07116.8%73.2%
Gross profitRs m1,3461,7952,18821.9%62.6%
DepreciationRs m3213173396.9%5.6%
InterestRs m60562869711.0%15.3%
Profit before taxRs m5689381,32941.6%133.8%
TaxRs m14731346448.1%214.5%
Profit after taxRs m42162586538.4%105.6%
Gross profit margin%27.825.726.5
Effective tax rate%25.933.434.9
Net profit margin%8.48.810.3
* 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 70.4% on a year-on-year (YoY) basis. The expenses were up by 73.2% YoY during the same period.
  • The company's operating profit increased by 62.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 26.5% in 2QFY19 as against 27.8% in 2QFY18.
  • Depreciation charges increased by 5.6% and finance costs increased by 15.3% YoY, respectively.
  • Other income increased by 19.7% YoY during the quarter.
  • Net profit for the quarter increased by 105.6% YoY. Net profit margins during the quarter increased from 8.4% in 2QFY18 to 10.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.8% QoQ during the same period.
  • The company's operating profit increased by 21.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.5% in 2QFY19 as against 25.7% in 1QFY18.
  • Net profit for the quarter increased by 38.4% QoQ, while net profit margins increased from 8.8% in 1QFY18 to 10.3% in 2QFY19.

To see how BRIGADE ENTERPRISES has performed over the last eight quarters, please visit here.

BRIGADE ENTERPRISES Share Price Performance

Over the last one year, BRIGADE ENTERPRISES share price has moved up from Rs 270.1 to Rs 181.1, registering a Loss of Rs 89.0 or around 32.9%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,717.2 (up 1.1%). Over the last one year it has moved down from 2,249.8 to 1,717.2, a gain of 533 points (down 23.7%).

Overall, the S&P BSE SENSEX is up 7.1% over the year.

Current Valuations

At the current price of Rs 181.1, the price to earnings (P/E) ratio of BRIGADE ENTERPRISES stands at 9.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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