DB REALTY Announces Quarterly Results (2QFY19); Net Profit Down 35.2%

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DB REALTY Announces Quarterly Results (2QFY19); Net Profit Down 35.2%
Tue, 6 Nov

DB REALTY has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

DB REALTY Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m24242-91.5%-91.5%
Other incomeRs m802382421.8%203.6%
TurnoverRs m104262244-6.8%134.4%
ExpensesRs m1341141226.5%-9.3%
Gross profitRs m-110-90-120
DepreciationRs m12344.2%-71.2%
InterestRs m9915919925.0%101.8%
Profit before taxRs m-141-15-80
TaxRs m-173287173.1%
Profit after taxRs m-124-47-168
Gross profit margin%-449.5-371.7-5,784.1
Effective tax rate%12.0-216.4-109.0
Net profit margin%-119.0-17.8-68.6
* 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 91.5% on a year-on-year (YoY) basis. The expenses were down by 9.3% YoY during the same period.
  • The company's operating profit increased by 9.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5784.1% in 2QFY19 as against 449.5% in 2QFY18.
  • Depreciation charges declined by 71.2% and finance costs increased by 101.8% YoY, respectively.
  • Other income increased by 203.6% YoY during the quarter.
  • Net profit for the quarter declined by 35.2% YoY. Net profit margins during the quarter increased from -119.0% in 2QFY18 to -68.6% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 91.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.5% QoQ during the same period.
  • The company's operating profit declined by 32.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5784.1% in 2QFY19 as against 371.7% in 1QFY18.
  • Net profit for the quarter declined by 258.2% QoQ, while net profit margins declined from -17.9% in 1QFY18 to -68.6% in 2QFY19.

To see how DB REALTY has performed over the last eight quarters, please visit here.

DB REALTY Share Price Performance

Over the last one year, DB REALTY share price has moved up from Rs 37.3 to Rs 22.6, registering a Loss of Rs 14.7 or around 39.3%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,754.9 (up 0.5%). Over the last one year it has moved down from 2,384.5 to 1,754.9, a gain of 630 points (down 26.4%).

Overall, the S&P BSE SENSEX is up 3.6% over the year.

Current Valuations

At the current price of Rs 22.6, the price to book value (P/BV) ratio of DB REALTY stands at 0.2 times.

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Oct 14, 2019 (Close)

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