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?  

Markets will remain closed on 30th November, 2020 on account of Guru Nanak Jayanti.

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.

Last 2 Days: Discover India's #1 Defence Stock

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 Announces Quarterly Results (4QFY20); Net Profit Down 36.7% (Quarterly Result Update)

May 12, 2020 | Updated on May 12, 2020

For the quarter ended March 2020, GODREJ PROPERTIES has posted a net profit of Rs 1 bn (down 36.7% YoY). Sales on the other hand came in at Rs 12 bn (up 10.4% 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?

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.

More Views on News

Most Popular

Stocks that Could Shine More than Gold After Diwali(Profit Hunter)

Nov 17, 2020

If the markets become volatile over the next few months, do this.

Not Infosys or Wipro. India's Next Wealth Creators Could Be Drone Stocks(Profit Hunter)

Nov 25, 2020

India's drones directorate signals the next big defence tech multibaggers.

How the New Margins Will Impact You(Fast Profits Daily)

Nov 25, 2020

The new rules on margins will come into effect from 1st December. Are you ready?

How to Build the Best Trading System(Fast Profits Daily)

Nov 20, 2020

In this video, I'll show you how to make the best trading system.

An Eraser and Some Pencils(The Honest Truth)

Nov 17, 2020

Ajit Dayal on the road ahead for the world after covid.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

GODREJ PROPERTIES SHARE PRICE


Nov 27, 2020 (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 - SOBHA LIMITED COMPARISON

COMPARE GODREJ PROPERTIES WITH

MARKET STATS