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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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.

Equitymaster requests your view! Post a comment on "GODREJ PROPERTIES Announces Quarterly Results (1QFY19); Net Profit Up 94.6%". Click here!

  

Related Views on News

GODREJ PROPERTIES 2018-19 Annual Report Analysis (Annual Result Update)

Sep 25, 2019 | Updated on Sep 25, 2019

Here's an analysis of the annual report of GODREJ PROPERTIES for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of GODREJ PROPERTIES. Also includes updates on the valuation of GODREJ PROPERTIES.

GODREJ PROPERTIES Announces Quarterly Results (1QFY20); Net Profit Up 109.0% (Quarterly Result Update)

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, GODREJ PROPERTIES has posted a net profit of Rs 957 m (up 109.0% YoY). Sales on the other hand came in at Rs 6 bn (down 36.2% YoY). Read on for a complete analysis of GODREJ PROPERTIES's quarterly results.

GODREJ PROPERTIES Announces Quarterly Results (4QFY19); Net Profit Up 13.5% (Quarterly Result Update)

May 3, 2019 | Updated on May 3, 2019

For the quarter ended March 2019, GODREJ PROPERTIES has posted a net profit of Rs 2 bn (up 13.5% YoY). Sales on the other hand came in at Rs 11 bn (up 102.1% YoY). Read on for a complete analysis of GODREJ PROPERTIES's quarterly results.

IRCON International IPO: Is This PSU Worth Betting On? (IPO)

Sep 17, 2018

Should you subscribe to the IPO of IRCON International Ltd?

More Views on News

Most Popular

Crash Alert! Is There a Big Bubble in Nestle, HUL and Asian Paints?(Profit Hunter)

Nov 7, 2019

Is this the beginning of the end of multibagger gains in quality stocks like Nestle, HUL, and Asian Paints?

Why Moody's Rating Downgrade is a Strong Sign to Buy Stocks(The 5 Minute Wrapup)

Nov 8, 2019

Investors who took cues from Moody's rating downgrade in 1992 and 2002 created some of the biggest wealth of their lifetime.

These 10 Days Are Crucial for Getting Rich in the Smallcap Rebound(Profit Hunter)

Nov 5, 2019

How to avoid the most common investing mistake and make the most of the smallcap rebound.

The Top Stocks for 2020 Pass This Most Critical Metric(The 5 Minute Wrapup)

Nov 5, 2019

Charlie Munger's favorite fictional character, Mr Glotz, picks stocks using this metric.

A Trade that Could Generate Profits for Decades

Nov 14, 2019

India's #1 trader is back on the Investor Hour. Vijay Bhambwani talks to us about his super-profitable trading system and shares with us his #1 long term trade. Listen in...

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

GODREJ PROPERTIES SHARE PRICE


Nov 18, 2019 12:31 PM

TRACK GODREJ PROPERTIES

  • Track your investment in GODREJ PROPERTIES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON GODREJ PROPERTIES

GODREJ PROPERTIES 8-QTR ANALYSIS

COMPARE GODREJ PROPERTIES WITH

MARKET STATS