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GODREJ PROPERTIES Announces Quarterly Results (4QFY18); Net Profit Up 124.7%

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GODREJ PROPERTIES Announces Quarterly Results (4QFY18); Net Profit Up 124.7%
Fri, 20 Jul

GODREJ PROPERTIES has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

GODREJ PROPERTIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m4,3136,2705,212-16.9%20.8%
Other incomeRs m3364733,274592.4%875.7%
TurnoverRs m4,6486,7438,48625.8%82.6%
ExpensesRs m3,6495,8086,2868.2%72.3%
Gross profitRs m768418-1,074-356.8%-239.9%
DepreciationRs m4042432.1%7.0%
InterestRs m2483784077.7%63.8%
Profit before taxRs m8154721,750271.0%114.6%
TaxRs m18921234361.7%81.2%
Profit after taxRs m6262591,407442.2%124.7%
Gross profit margin%17.86.7-20.6
Effective tax rate%23.245.019.6
Net profit margin%13.53.816.6
* 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 grew 20.8% on a year-on-year (YoY) basis. The expenses were up by 72.3% YoY during the same period.
  • The company's operating profit declined by 239.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.6% in 4QFY18 as against 17.8% in 4QFY17.
  • Depreciation charges and finance costs increased by 7.0% YoY and 63.8% YoY, respectively.
  • Other income increased by 875.7% YoY during the quarter.
  • Net profit for the quarter increased by 124.7% YoY. Net profit margins during the quarter increased from 13.5% in 4QFY17 to 16.6% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 16.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.2% QoQ during the same period.
  • The company's operating profit declined by 356.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.6% in 4QFY18 as against 6.7% in 3QFY17.
  • Net profit for the quarter increased by 442.2% QoQ, while net profit margins increased from 3.8% in 3QFY17 to 16.6% in 4QFY18.

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 510.5 to Rs 658.3, registering a Gain of Rs 147.9 or around 29.0%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,978.5 (up 1.0%). Over the last one year it has moved down from 2,184.4 to 1,978.5, a gain of -205.9 points (down 9.4%).

Overall, the S&P BSE SENSEX is up 0.3% over the year.

Current Valuations

At the current price of Rs 658.3, the price to earnings (P/E) ratio of GODREJ PROPERTIES stands at 55.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.5 times.

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