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

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 (3QFY21); Net Profit Down 79.9%
Fri, 5 Feb

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

GODREJ PROPERTIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m3,8288951,70590.5%-55.5%
Other incomeRs m1,3471,6071,406-12.5%4.4%
TurnoverRs m5,1752,5023,11124.3%-39.9%
ExpensesRs m3,4051,6092,24839.8%-34.0%
Gross profitRs m423-840-593-240.3%
DepreciationRs m5349502.9%-5.1%
InterestRs m575493449-8.9%-21.9%
Profit before taxRs m1,14222631439.1%-72.5%
TaxRs m42615517010.1%-60.0%
Profit after taxRs m71671144102.1%-79.9%
Gross profit margin%11.0-93.9-34.8
Effective tax rate%37.368.554.3
Net profit margin%13.82.84.6
* 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 55.5% on a year-on-year (YoY) basis. The expenses were down by 34.0% YoY during the same period.
  • The company's operating profit declined by 240.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 34.8% in 3QFY21 as against 11.0% in 3QFY20.
  • Depreciation charges declined by 5.1% and finance costs declined by 21.9% YoY, respectively.
  • Other income increased by 4.4% YoY during the quarter.
  • Net profit for the quarter declined by 79.9% YoY. Net profit margins during the quarter declined from 13.8% in 3QFY20 to 4.6% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 90.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 39.8% QoQ during the same period.
  • The company's operating profit declined by 29.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 34.8% in 3QFY21 as against 93.9% in 2QFY20.
  • Net profit for the quarter increased by 102.1% QoQ, while net profit margins increased from 2.8% in 2QFY20 to 4.6% in 3QFY21.

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

Urgent New Alert: About Coming Once-in-a-generation Wealth Shift

GODREJ PROPERTIES Share Price Performance

Over the last one year, GODREJ PROPERTIES share price has moved up from Rs 1,151.4 to Rs 1,390.1, registering a Gain of Rs 238.7 or around 20.7%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,703.4 (up 0.6%). Over the last one year it has moved up from 2,488.4 to 2,703.4, a gain of 215 points (up 8.6%).

Overall, the S&P BSE SENSEX is up 27.4% over the year.

Current Valuations

At the current price of Rs 1,390.1, the price to earnings (P/E) ratio of GODREJ PROPERTIES stands at 209.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.2 times.

Equitymaster requests your view! Post a comment on "GODREJ PROPERTIES Announces Quarterly Results (3QFY21); Net Profit Down 79.9%". Click here!

  

Related Views on News

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

Aug 20, 2020 | Updated on Aug 20, 2020

For the quarter ended June 2020, GODREJ PROPERTIES has posted a net profit of Rs 100 m (down 89.6% YoY). Sales on the other hand came in at Rs 723 m (down 88.6% YoY). Read on for a complete analysis of GODREJ PROPERTIES's quarterly results.

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.

More Views on News

Most Popular

A Critical Update on the Market(Fast Profits Daily)

Mar 30, 2021

In this video, I'll tell you why I am recommending caution in the market at this time.

My Recent Recommendation Will Profit from the Global Supply Chain Crisis(Profit Hunter)

Mar 31, 2021

A tiny chemical company, started in the Licence Raj era, is a great example of a new wealth creating opportunity.

My Stock Trading Strategy(Fast Profits Daily)

Mar 31, 2021

In this video I'll show you exactly how I go about picking stocks for trading.

What You Need to Find Hundred Baggers(Profit Hunter)

Mar 30, 2021

100 baggers of the last decade share this common trait. Here's how to use it to nail future multibaggers.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The 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


Apr 9, 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 - IRB INFRA COMPARISON

COMPARE GODREJ PROPERTIES WITH

MARKET STATS