GODREJ PROPERTIES Announces Quarterly Results (4QFY19); Net Profit Up 13.5%

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GODREJ PROPERTIES Announces Quarterly Results (4QFY19); Net Profit Up 13.5%
Fri, 3 May

GODREJ PROPERTIES has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

GODREJ PROPERTIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m5,2123,40110,531209.7%102.1%
Other incomeRs m3,2749061,50165.6%-54.1%
TurnoverRs m8,4864,30712,032179.4%41.8%
ExpensesRs m6,2863,7888,862134.0%41.0%
Gross profitRs m-1,074-3871,669
DepreciationRs m433838-0.8%-12.8%
InterestRs m40754264719.3%59.0%
Profit before taxRs m1,750-612,48642.1%
TaxRs m343-56889159.2%
Profit after taxRs m1,407-51,59713.5%
Gross profit margin%-20.6-11.415.8
Effective tax rate%19.692.135.8
Net profit margin%16.6-0.113.3
* 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 102.1% on a year-on-year (YoY) basis. The expenses were up by 41.0% YoY during the same period.
  • The company's operating profit declined by 255.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.8% in 4QFY19 as against 20.6% in 4QFY18.
  • Depreciation charges declined by 12.8% and finance costs increased by 59.0% YoY, respectively.
  • Other income declined by 54.1% YoY during the quarter.
  • Net profit for the quarter increased by 13.5% YoY. Net profit margins during the quarter declined from 16.6% in 4QFY18 to 13.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 209.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 134.0% QoQ during the same period.
  • The company's operating profit increased by 530.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.8% in 4QFY19 as against 11.4% in 3QFY18.
  • Net profit for the quarter increased by 33370.8% QoQ, while net profit margins increased from -0.1% in 3QFY18 to 13.3% in 4QFY19.

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 785.3 to Rs 822.2, registering a Gain of Rs 37.0 or around 4.7%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,042.8 (up 1.6%). Over the last one year it has moved down from 2,345.0 to 2,042.8, a gain of 302 points (down 12.9%).

Overall, the S&P BSE SENSEX is up 10.8% over the year.

Current Valuations

At the current price of Rs 822.2, the price to earnings (P/E) ratio of GODREJ PROPERTIES stands at 72.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.3 times.

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