GODREJ PROPERTIES Announces Quarterly Results (4QFY20); Net Profit Down 36.7%

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GODREJ PROPERTIES Announces Quarterly Results (4QFY20); Net Profit Down 36.7%
Tue, 12 May

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

GODREJ PROPERTIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m10,5313,82811,631203.8%10.4%
Other incomeRs m1,5011,3471,251-7.1%-16.7%
TurnoverRs m12,0325,17512,882148.9%7.1%
ExpensesRs m8,8623,40510,076195.9%13.7%
Gross profitRs m1,6694231,278202.2%-23.4%
DepreciationRs m3853565.7%48.1%
InterestRs m6475755760.2%-11.0%
Profit before taxRs m2,4861,1421,89866.2%-23.6%
TaxRs m889426887108.1%-0.2%
Profit after taxRs m1,5977161,01141.3%-36.7%
Gross profit margin%15.811.011.0
Effective tax rate%35.837.346.7
Net profit margin%13.313.87.8
* 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 10.4% on a year-on-year (YoY) basis. The expenses were up by 13.7% YoY during the same period.
  • The company's operating profit declined by 23.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.0% in 4QFY20 as against 15.8% in 4QFY19.
  • Depreciation charges increased by 48.1% and finance costs declined by 11.0% YoY, respectively.
  • Other income declined by 16.7% YoY during the quarter.
  • Net profit for the quarter declined by 36.7% YoY. Net profit margins during the quarter declined from 13.3% in 4QFY19 to 7.8% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 203.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 195.9% QoQ during the same period.
  • The company's operating profit increased by 202.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.0% in 4QFY20 as against 11.0% in 3QFY19.
  • Net profit for the quarter increased by 41.3% QoQ, while net profit margins declined from 13.8% in 3QFY19 to 7.8% in 4QFY20.

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

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 789.3 to Rs 618.8, registering a Loss of Rs 170.5 or around 21.6%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,332.3 (up 0.1%). Over the last one year it has moved down from 1,943.7 to 1,332.3, a gain of 611 points (down 31.5%).

Overall, the S&P BSE SENSEX is down 16.1% over the year.

Current Valuations

At the current price of Rs 618.8, the price to earnings (P/E) ratio of GODREJ PROPERTIES stands at 37.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.0 times.

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