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

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 (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.

Equitymaster requests your view! Post a comment on "GODREJ PROPERTIES Announces Quarterly Results (1QFY20); Net Profit Up 109.0%". 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 (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.

GODREJ PROPERTIES Announces Quarterly Results (3QFY19); Net Profit Down 101.9% (Quarterly Result Update)

Jan 29, 2019 | Updated on Jan 29, 2019

For the quarter ended December 2018, GODREJ PROPERTIES has posted a net profit of Rs 5 m (down 101.9% YoY). Sales on the other hand came in at Rs 3 bn (down 45.8% 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

The Next Few Days Are Crucial for Smallcap Investors - And 3 Must-Buy Stocks(Profit Hunter)

Feb 19, 2020

While I have been writing about the rebound in smallcaps for quite some time now... I have shied from the question - When exactly is the smallcap rebound happening. Well, the answer is now.

This Smallcap Stock Could be the Next Titan (Up 1,400% in 10 Years)(Profit Hunter)

Feb 11, 2020

A blueprint to latch on to the next 'Crorepati' stock - and an event I hope you won't miss on any account.

Here's Why I Recommended 15 Stocks in One Day Flat(Views On News)

Feb 14, 2020

This proven strategy can give big returns in quick time.

The Top 8 Trading Mistakes You Should Avoid(Fast Profits Daily)

Feb 18, 2020

Avoid these mistakes and your trading will turn much more profitable.

These Rebirth of India Stocks Are Raring to Compete with Tesla(The 5 Minute Wrapup)

Feb 17, 2020

There are Indian stocks which can soar like Tesla in the long-run.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

GODREJ PROPERTIES SHARE PRICE


Feb 24, 2020 11:05 AM

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