DLF LTD Announces Quarterly Results (2QFY19); Net Profit Up 1691.9%

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DLF LTD Announces Quarterly Results (2QFY19); Net Profit Up 1691.9%
Mon, 5 Nov

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

DLF LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m15,87715,07421,39041.9%34.7%
Other incomeRs m1,6361,5031,65910.3%1.4%
TurnoverRs m17,51316,57723,04939.0%31.6%
ExpensesRs m8,00811,98814,79723.4%84.8%
Gross profitRs m7,8693,0866,593113.7%-16.2%
DepreciationRs m1,484564553-1.9%-62.7%
InterestRs m7,9464,9754,964-0.2%-37.5%
Profit before taxRs m75-9502,7353556.6%
TaxRs m159-2601,393775.6%
Profit after taxRs m-84-6911,342
Gross profit margin%49.620.530.8
Effective tax rate%212.727.350.9
Net profit margin%-0.5-4.25.8
* 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 34.7% on a year-on-year (YoY) basis. The expenses were up by 84.8% YoY during the same period.
  • The company's operating profit declined by 16.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.8% in 2QFY19 as against 49.6% in 2QFY18.
  • Depreciation charges declined by 62.7% and finance costs declined by 37.5% YoY, respectively.
  • Other income increased by 1.4% YoY during the quarter.
  • Net profit for the quarter increased by 1691.9% YoY. Net profit margins during the quarter increased from -0.5% in 2QFY18 to 5.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 41.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 23.4% QoQ during the same period.
  • The company's operating profit increased by 113.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.8% in 2QFY19 as against 20.5% in 1QFY18.
  • Net profit for the quarter increased by 294.3% QoQ, while net profit margins increased from -4.2% in 1QFY18 to 5.8% in 2QFY19.

To see how DLF LTD has performed over the last eight quarters, please visit here.

DLF LTD Share Price Performance

Over the last one year, DLF LTD share price has moved up from Rs 213.5 to Rs 173.2, registering a Loss of Rs 40.3 or around 18.9%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,743.8 (up 1.4%). Over the last one year it has moved down from 2,375.8 to 1,743.8, a gain of 632 points (down 26.6%).

Overall, the S&P BSE SENSEX is up 4.1% over the year.

Current Valuations

At the current price of Rs 173.2, the price to earnings (P/E) ratio of DLF LTD stands at 7.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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