BRIGADE ENTERPRISES Announces Quarterly Results (3QFY20); Net Profit Down 31.9%

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BRIGADE ENTERPRISES Announces Quarterly Results (3QFY20); Net Profit Down 31.9%
Fri, 7 Feb

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

BRIGADE ENTERPRISES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m6,8777,3535,523-24.9%-19.7%
Other incomeRs m1031631640.3%59.8%
TurnoverRs m6,9807,5165,686-24.3%-18.5%
ExpensesRs m5,1185,4513,967-27.2%-22.5%
Gross profitRs m1,7591,9021,556-18.2%-11.6%
DepreciationRs m3204735015.9%56.6%
InterestRs m697940863-8.2%23.8%
Profit before taxRs m845653356-45.5%-57.9%
TaxRs m251281-49-117.4%-119.5%
Profit after taxRs m5943724058.9%-31.9%
Gross profit margin%25.625.928.2
Effective tax rate%29.743.1-13.7
Net profit margin%8.54.97.1
* 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 19.7% on a year-on-year (YoY) basis. The expenses were down by 22.5% YoY during the same period.
  • The company's operating profit declined by 11.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.2% in 3QFY20 as against 25.6% in 3QFY19.
  • Depreciation charges increased by 56.6% and finance costs increased by 23.8% YoY, respectively.
  • Other income increased by 59.8% YoY during the quarter.
  • Net profit for the quarter declined by 31.9% YoY. Net profit margins during the quarter declined from 8.5% in 3QFY19 to 7.1% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 24.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 27.2% QoQ during the same period.
  • The company's operating profit declined by 18.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.2% in 3QFY20 as against 25.9% in 2QFY19.
  • Net profit for the quarter increased by 8.9% QoQ, while net profit margins increased from 4.9% in 2QFY19 to 7.1% in 3QFY20.

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 138.6 to Rs 237.1, registering a Gain of Rs 98.5 or around 71.1%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,458.7 (down 0.9%). Over the last one year it has moved up from 1,749.9 to 2,458.7, a gain of 709 points (up 40.5%).

Overall, the S&P BSE SENSEX is up 11.4% over the year.

Current Valuations

At the current price of Rs 237.1, the price to earnings (P/E) ratio of BRIGADE ENTERPRISES stands at 16.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

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