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HOUSING DEV. INFRA Announces Quarterly Results (1QFY19); Net Profit Up 227.9%

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  • HOUSING DEV. INFRA Announces Quarterly Results (1QFY19); Net Profit Up 227.9%

HOUSING DEV. INFRA Announces Quarterly Results (1QFY19); Net Profit Up 227.9%
Thu, 16 Aug

HOUSING DEV. INFRA has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

HOUSING DEV. INFRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m8584131,666303.3%94.1%
Other incomeRs m386747-29.0%23.8%
TurnoverRs m8974801,714257.1%91.1%
ExpensesRs m-131-387665
Gross profitRs m9898001,00225.2%1.2%
DepreciationRs m1816170.6%-7.3%
InterestRs m925763729-4.5%-21.2%
Profit before taxRs m8587304248.4%256.2%
TaxRs m104571359.0%469.0%
Profit after taxRs m7583247196.4%227.9%
Gross profit margin%115.3193.660.1
Effective tax rate%11.74.518.7
Net profit margin%8.417.414.4
* 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 94.1% on a year-on-year (YoY) basis. The expenses were down by 606.5% YoY during the same period.
  • The company's operating profit increased by 1.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 60.1% in 1QFY19 as against 115.3% in 1QFY18.
  • Depreciation charges and finance costs declined by 7.3% YoY and 21.2% YoY, respectively.
  • Other income increased by 23.8% YoY during the quarter.
  • Net profit for the quarter increased by 227.9% YoY. Net profit margins during the quarter increased from 8.4% in 1QFY18 to 14.4% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 303.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 271.8% QoQ during the same period.
  • The company's operating profit declined by 25.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 60.1% in 1QFY19 as against 193.6% in 4QFY18.
  • Net profit for the quarter increased by 196.4% QoQ, while net profit margins declined from 17.3% in 4QFY18 to 14.4% in 1QFY19.

To see how HOUSING DEV. INFRA has performed over the last eight quarters, please visit here.

HOUSING DEV. INFRA Share Price Performance

Over the last one year, HOUSING DEV. INFRA share price has moved up from Rs 62.5 to Rs 29.3, registering a Loss of Rs 33.3 or around 53.2%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,119.9 (down 0.4%). Over the last one year it has moved up from 2,094.8 to 2,119.9, a gain of 25 points (up 1.2%).

Overall, the S&P BSE SENSEX is up 20.1% over the year.

Current Valuations

At the current price of Rs 29.3, the price to earnings (P/E) ratio of HOUSING DEV. INFRA stands at 10.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.1 times.

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For the quarter ended December 2018, HOUSING DEV. INFRA has posted a net profit of Rs 197 m (up 4.0% YoY). Sales on the other hand came in at Rs 2 bn (up 124.1% YoY). Read on for a complete analysis of HOUSING DEV. INFRA 's quarterly results.

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For the quarter ended September 2018, HOUSING DEV. INFRA has posted a net profit of Rs 544 m (down 10.6% YoY). Sales on the other hand came in at Rs 3 bn (up 85.7% YoY). Read on for a complete analysis of HOUSING DEV. INFRA 's quarterly results.

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