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BRIGADE ENTERPRISES Announces Quarterly Results (3QFY19); Net Profit Up 30.4%

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BRIGADE ENTERPRISES Announces Quarterly Results (3QFY19); Net Profit Up 30.4%
Wed, 13 Feb

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

BRIGADE ENTERPRISES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m4,2398,2596,877-16.7%62.2%
Other incomeRs m97177103-42.0%5.3%
TurnoverRs m4,3368,4366,980-17.3%61.0%
ExpensesRs m2,6476,0715,118-15.7%93.4%
Gross profitRs m1,5982,1881,759-19.6%10.1%
DepreciationRs m366339320-5.6%-12.7%
InterestRs m6366976970.0%9.6%
Profit before taxRs m6931,329845-36.4%22.0%
TaxRs m237464251-45.9%5.9%
Profit after taxRs m456865594-31.3%30.4%
Gross profit margin%37.726.525.6
Effective tax rate%34.234.929.7
Net profit margin%10.510.38.5
* 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 62.2% on a year-on-year (YoY) basis. The expenses were up by 93.4% YoY during the same period.
  • The company's operating profit increased by 10.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.6% in 3QFY19 as against 37.7% in 3QFY18.
  • Depreciation charges declined by 12.7% and finance costs increased by 9.6% YoY, respectively.
  • Other income increased by 5.3% YoY during the quarter.
  • Net profit for the quarter increased by 30.4% YoY. Net profit margins during the quarter declined from 10.5% in 3QFY18 to 8.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 16.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 15.7% QoQ during the same period.
  • The company's operating profit declined by 19.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.6% in 3QFY19 as against 26.5% in 2QFY18.
  • Net profit for the quarter declined by 31.3% QoQ, while net profit margins declined from 10.3% in 2QFY18 to 8.5% in 3QFY19.

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 295.6 to Rs 193.6, registering a Loss of Rs 102.1 or around 34.5%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,746.4 (up 1.0%). Over the last one year it has moved down from 2,518.0 to 1,746.4, a gain of 772 points (down 30.6%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 193.6, 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 1.0 times.

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