BRIGADE ENTERPRISES Announces Quarterly Results (4QFY18); Net Profit Down 81.4%

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BRIGADE ENTERPRISES Announces Quarterly Results (4QFY18); Net Profit Down 81.4%
Tue, 21 Aug

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

BRIGADE ENTERPRISES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m5,5374,2394,3352.3%-21.7%
Other incomeRs m699714145.3%103.7%
TurnoverRs m5,6074,3364,4773.2%-20.2%
ExpensesRs m3,5562,6472,98712.9%-16.0%
Gross profitRs m1,9811,5981,233-22.8%-37.8%
DepreciationRs m3283663721.7%13.4%
InterestRs m59263674617.3%26.0%
Profit before taxRs m1,130693256-63.1%-77.4%
TaxRs m305237102-56.9%-66.5%
Profit after taxRs m825456154-66.3%-81.4%
Gross profit margin%35.837.728.4
Effective tax rate%27.034.239.9
Net profit margin%14.710.53.4
* 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 21.7% on a year-on-year (YoY) basis. The expenses were down by 16.0% YoY during the same period.
  • The company's operating profit declined by 37.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 28.4% in 4QFY18 as against 35.8% in 4QFY17.
  • Depreciation charges and finance costs increased by 13.4% YoY and 26.0% YoY, respectively.
  • Other income increased by 103.7% YoY during the quarter.
  • Net profit for the quarter declined by 81.4% YoY. Net profit margins during the quarter declined from 14.7% in 4QFY17 to 3.4% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 12.9% QoQ during the same period.
  • The company's operating profit declined by 22.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 28.4% in 4QFY18 as against 37.7% in 3QFY17.
  • Net profit for the quarter declined by 66.3% QoQ, while net profit margins declined from 10.5% in 3QFY17 to 3.4% in 4QFY18.

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 265.4 to Rs 194.2, registering a Loss of Rs 71.2 or around 26.8%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,119.7 (down 1.4%). Over the last one year it has moved up from 2,064.1 to 2,119.7, a gain of 56 points (up 2.7%).

Overall, the S&P BSE SENSEX is up 22.4% over the year.

Current Valuations

At the current price of Rs 194.2, the price to earnings (P/E) ratio of BRIGADE ENTERPRISES stands at 13.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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Nov 18, 2019 11:27 AM

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