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

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GODREJ PROPERTIES Announces Quarterly Results (1QFY20); Net Profit Up 109.0%
Tue, 13 Aug

GODREJ PROPERTIES has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

GODREJ PROPERTIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m9,96710,5316,359-39.6%-36.2%
Other incomeRs m7001,501780-48.1%11.4%
TurnoverRs m10,66712,0327,138-40.7%-33.1%
ExpensesRs m9,2988,8625,129-42.1%-44.8%
Gross profitRs m6691,6691,230-26.3%83.8%
DepreciationRs m33384725.5%42.2%
InterestRs m590647502-22.3%-14.9%
Profit before taxRs m7462,4861,460-41.3%95.7%
TaxRs m288889503-43.5%74.6%
Profit after taxRs m4581,597957-40.1%109.0%
Gross profit margin%6.715.819.3
Effective tax rate%38.635.834.4
Net profit margin%4.313.313.4
* 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 36.2% on a year-on-year (YoY) basis. The expenses were down by 44.8% YoY during the same period.
  • The company's operating profit increased by 83.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.3% in 1QFY20 as against 6.7% in 1QFY19.
  • Depreciation charges increased by 42.2% and finance costs declined by 14.9% YoY, respectively.
  • Other income increased by 11.4% YoY during the quarter.
  • Net profit for the quarter increased by 109.0% YoY. Net profit margins during the quarter increased from 4.3% in 1QFY19 to 13.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 39.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 42.1% QoQ during the same period.
  • The company's operating profit increased by 26.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.3% in 1QFY20 as against 15.8% in 4QFY19.
  • Net profit for the quarter declined by 40.1% QoQ, while net profit margins increased from 13.3% in 4QFY19 to 13.4% in 1QFY20.

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 690.2 to Rs 888.3, registering a Gain of Rs 198.1 or around 28.7%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,047.6 (down 0.1%). Over the last one year it has moved down from 2,089.7 to 2,047.6, a gain of 42 points (down 2.0%).

Overall, the S&P BSE SENSEX is down 1.2% over the year.

Current Valuations

At the current price of Rs 888.3, the price to earnings (P/E) ratio of GODREJ PROPERTIES stands at 64.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.9 times.

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