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GODREJ PROPERTIES Announces Quarterly Results (1QFY19); Net Profit Up 94.6%

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GODREJ PROPERTIES Announces Quarterly Results (1QFY19); Net Profit Up 94.6%
Mon, 6 Aug

GODREJ PROPERTIES has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

GODREJ PROPERTIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m2,4875,2129,96791.2%300.9%
Other incomeRs m9643,274700-78.6%-27.4%
TurnoverRs m3,4508,48610,66725.7%209.2%
ExpensesRs m2,6696,2869,29847.9%248.3%
Gross profitRs m-183-1,074669
DepreciationRs m364333-23.0%-7.0%
InterestRs m31540759045.2%87.4%
Profit before taxRs m4301,750746-57.4%73.4%
TaxRs m195343288-16.1%47.8%
Profit after taxRs m2351,407458-67.4%94.6%
Gross profit margin%-7.4-20.66.7
Effective tax rate%45.319.638.6
Net profit margin%6.816.64.3
* 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 300.9% on a year-on-year (YoY) basis. The expenses were up by 248.3% YoY during the same period.
  • The company's operating profit declined by 465.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.7% in 1QFY19 as against 7.4% in 1QFY18.
  • Depreciation charges and finance costs declined by 7.0% YoY and 87.4% YoY, respectively.
  • Other income declined by 27.4% YoY during the quarter.
  • Net profit for the quarter increased by 94.6% YoY. Net profit margins during the quarter declined from 6.8% in 1QFY18 to 4.3% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 91.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 47.9% QoQ during the same period.
  • The company's operating profit increased by 162.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.7% in 1QFY19 as against 20.6% in 4QFY18.
  • Net profit for the quarter declined by 67.4% QoQ, while net profit margins declined from 16.6% in 4QFY18 to 4.3% in 1QFY19.

To see how GODREJ PROPERTIES has performed over the last eight quarters, please visit here.

GODREJ PROPERTIES Share Price Performance

Over the last one year, GODREJ PROPERTIES share price has moved up from Rs 495.3 to Rs 712.6, registering a Gain of Rs 217.4 or around 43.9%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,073.9 (down 0.4%). Over the last one year it has moved down from 2,173.9 to 2,073.9, a gain of 100 points (down 4.6%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 712.6, the price to earnings (P/E) ratio of GODREJ PROPERTIES stands at 54.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.3 times.

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