BRIGADE ENTERPRISES Announces Quarterly Results (2QFY20); Net Profit Down 57.1%

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BRIGADE ENTERPRISES Announces Quarterly Results (2QFY20); Net Profit Down 57.1%
Tue, 12 Nov

BRIGADE ENTERPRISES has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

BRIGADE ENTERPRISES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m8,2597,0877,3533.7%-11.0%
Other incomeRs m1778316397.5%-7.6%
TurnoverRs m8,4367,1707,5164.8%-10.9%
ExpensesRs m6,0715,2645,4513.5%-10.2%
Gross profitRs m2,1881,8231,9024.3%-13.1%
DepreciationRs m33938347323.4%39.7%
InterestRs m69779694018.1%34.8%
Profit before taxRs m1,329727653-10.1%-50.9%
TaxRs m4642692814.7%-39.3%
Profit after taxRs m865458372-18.8%-57.1%
Gross profit margin%26.525.725.9
Effective tax rate%34.937.043.1
Net profit margin%10.36.44.9
* 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 11.0% on a year-on-year (YoY) basis. The expenses were down by 10.2% YoY during the same period.
  • The company's operating profit declined by 13.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 25.9% in 2QFY20.
  • Depreciation charges increased by 39.7% and finance costs increased by 34.8% YoY, respectively.
  • Other income declined by 7.6% YoY during the quarter.
  • Net profit for the quarter declined by 57.1% YoY. Net profit margins during the quarter declined from 10.3% in 2QFY19 to 4.9% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.5% QoQ during the same period.
  • The company's operating profit increased by 4.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.9% in 2QFY20 as against 25.7% in 1QFY19.
  • Net profit for the quarter declined by 18.8% QoQ, while net profit margins declined from 6.4% in 1QFY19 to 4.9% in 2QFY20.

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

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BRIGADE ENTERPRISES Share Price Performance

Over the last one year,BRIGADE ENTERPRISES share price has moved up from Rs 117.6 to Rs 217.0, registering a Gain of Rs 99.4 or around 84.5%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,171.0 (up 0.8%). Over the last one year it has moved up from 1,734.5 to 2,171.0, a gain of 436 points (up 25.2%).

Overall, the S&P BSE SENSEX is up 15.9% over the year.

Current Valuations

At the current price of Rs 217.0, the price to earnings (P/E) ratio of BRIGADE ENTERPRISES stands at 13.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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