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BRIGADE ENTERPRISES Announces Quarterly Results (4QFY19); Net Profit Up 366.8%

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BRIGADE ENTERPRISES Announces Quarterly Results (4QFY19); Net Profit Up 366.8%
Fri, 10 May

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

BRIGADE ENTERPRISES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m4,3356,8777,60010.5%75.3%
Other incomeRs m14110317873.6%25.8%
TurnoverRs m4,4776,9807,77811.4%73.7%
ExpensesRs m2,9875,1185,4466.4%82.3%
Gross profitRs m1,2331,7592,15422.4%74.7%
DepreciationRs m37232042532.8%14.1%
InterestRs m7466977639.4%2.2%
Profit before taxRs m2568451,14435.4%347.7%
TaxRs m10225142870.6%319.0%
Profit after taxRs m15459471720.6%366.8%
Gross profit margin%28.425.628.3
Effective tax rate%39.929.737.4
Net profit margin%3.48.59.2
* 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 75.3% on a year-on-year (YoY) basis. The expenses were up by 82.3% YoY during the same period.
  • The company's operating profit increased by 74.7% YoY during the quarter. Consequently, operating profit margins remained same and stood at 28.3% in 4QFY19.
  • Depreciation charges increased by 14.1% and finance costs increased by 2.2% YoY, respectively.
  • Other income increased by 25.8% YoY during the quarter.
  • Net profit for the quarter increased by 366.8% YoY. Net profit margins during the quarter increased from 3.4% in 4QFY18 to 9.2% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.4% QoQ during the same period.
  • The company's operating profit increased by 22.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.3% in 4QFY19 as against 25.6% in 3QFY18.
  • Net profit for the quarter increased by 20.6% QoQ, while net profit margins increased from 8.5% in 3QFY18 to 9.2% in 4QFY19.

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 262.7 to Rs 240.2, registering a Loss of Rs 22.5 or around 8.5%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,965.3 (up 1.0%). Over the last one year it has moved down from 2,350.2 to 1,965.3, a gain of 385 points (down 16.4%).

Overall, the S&P BSE SENSEX is up 6.6% over the year.

Current Valuations

At the current price of Rs 240.2, 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 1.2 times.

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