GODREJ PROPERTIES Announces Quarterly Results (1QFY21); Net Profit Down 89.6%

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 (1QFY21); Net Profit Down 89.6%
Thu, 20 Aug

GODREJ PROPERTIES has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

GODREJ PROPERTIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m6,35911,631723-93.8%-88.6%
Other incomeRs m7801,2511,234-1.4%58.2%
TurnoverRs m7,13812,8821,957-84.8%-72.6%
ExpensesRs m5,12910,0761,258-87.5%-75.5%
Gross profitRs m1,2301,278-535-141.9%-143.5%
DepreciationRs m475644-20.5%-6.1%
InterestRs m502576499-13.3%-0.7%
Profit before taxRs m1,4601,898155-91.8%-89.4%
TaxRs m50388755-93.8%-89.0%
Profit after taxRs m9571,011100-90.1%-89.6%
Gross profit margin%19.311.0-74.1
Effective tax rate%34.446.735.7
Net profit margin%13.47.85.1
* 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 88.6% on a year-on-year (YoY) basis. The expenses were down by 75.5% YoY during the same period.
  • The company's operating profit declined by 143.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 74.1% in 1QFY21 as against 19.3% in 1QFY20.
  • Depreciation charges declined by 6.1% and finance costs declined by 0.7% YoY, respectively.
  • Other income increased by 58.2% YoY during the quarter.
  • Net profit for the quarter declined by 89.6% YoY. Net profit margins during the quarter declined from 13.4% in 1QFY20 to 5.1% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 93.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 87.5% QoQ during the same period.
  • The company's operating profit declined by 141.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 74.1% in 1QFY21 as against 11.0% in 4QFY20.
  • Net profit for the quarter declined by 90.1% QoQ, while net profit margins declined from 7.8% in 4QFY20 to 5.1% in 1QFY21.

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

FREE REPLAY: Discover What Richa Revealed in Her Smallcaps Summit

GODREJ PROPERTIES Share Price Performance

Over the last one year,GODREJ PROPERTIES share price has moved down from Rs 902.5 to Rs 883.0, registering a Loss of Rs 19.5 or around 2.2%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,755.6 (up 1.0%). Over the last one year it has moved down from 2,029.2 to 1,755.6, a gain of 274 points (down 13.5%).

Overall, the S&P BSE SENSEX is up 2.5% over the year.

Current Valuations

At the current price of Rs 883.0, the price to earnings (P/E) ratio of GODREJ PROPERTIES stands at 72.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.1 times.

Equitymaster requests your view! Post a comment on "GODREJ PROPERTIES Announces Quarterly Results (1QFY21); Net Profit Down 89.6%". Click here!

  

Related Views on News

GODREJ PROPERTIES 2020-21 Annual Report Analysis (Annual Result Update)

Oct 26, 2021 | Updated on Oct 26, 2021

Here's an analysis of the annual report of GODREJ PROPERTIES for 2020-21. 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 (1QFY22); Net Profit Up 328.9% (Quarterly Result Update)

Aug 5, 2021 | Updated on Aug 5, 2021

For the quarter ended June 2021, GODREJ PROPERTIES has posted a net profit of Rs 469 m (up 328.9% YoY). Sales on the other hand came in at Rs 862 m (up 19.2% YoY). Read on for a complete analysis of GODREJ PROPERTIES's quarterly results.

GODREJ PROPERTIES Announces Quarterly Results (3QFY21); Net Profit Down 79.9% (Quarterly Result Update)

Feb 5, 2021 | Updated on Feb 5, 2021

For the quarter ended December 2020, GODREJ PROPERTIES has posted a net profit of Rs 144 m (down 79.9% YoY). Sales on the other hand came in at Rs 2 bn (down 55.5% YoY). Read on for a complete analysis of GODREJ PROPERTIES's quarterly results.

Mindspace Business Parks REIT IPO - Should You Apply? (IPO)

Jul 27, 2020

Should you apply for the IPO of Mindspace Business Parks REIT?

More Views on News

Most Popular

Infosys vs TCS: Which is Better?(Views On News)

Nov 26, 2021

In the post pandemic era, the top two IT companies in India are fighting to capture the growing demand for IT.

This Multibagger Stock Zooms 20% After Dolly Khanna Buys Stake(Views On News)

Nov 24, 2021

Shares of this edible oil company zoomed over 50% in three days after ace investor bought around 1% stake.

6 Popular Stocks that Turned into Penny Stocks(Views On News)

Nov 27, 2021

A look at popular stocks that crashed big time and never recovered, i.e. which went from 'Multibaggers to Multibeggers'.

How to Find Your Next 10-Bagger in this Market(Profit Hunter)

Nov 19, 2021

The #1 make or break factor in your portfolio you shouldn't ignore.

MobiKwik IPO Opens for Subscription Soon. Key Things to Know Before Subscribing.(Views On News)

Nov 20, 2021

The Rs 19 bn issue is set to hit the market soon.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

GODREJ PROPERTIES SHARE PRICE


Nov 30, 2021 (Close)

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 - SPRING FIELDS INFRAVENTURE COMPARISON

COMPARE GODREJ PROPERTIES WITH

MARKET STATS