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HOUSING DEV. INFRA Announces Quarterly Results (2QFY19); Net Profit Down 10.6%

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HOUSING DEV. INFRA Announces Quarterly Results (2QFY19); Net Profit Down 10.6%
Thu, 15 Nov

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

HOUSING DEV. INFRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,6151,6663,00080.1%85.7%
Other incomeRs m164741-13.7%163.9%
TurnoverRs m1,6311,7143,04177.5%86.5%
ExpensesRs m5916651,616143.2%173.3%
Gross profitRs m1,0241,0021,38438.2%35.2%
DepreciationRs m171714-16.4%-20.2%
InterestRs m8597297401.5%-13.8%
Profit before taxRs m164304672121.0%310.2%
TaxRs m-44557127123.9%
Profit after taxRs m609247544120.4%-10.6%
Gross profit margin%63.460.146.1
Effective tax rate%-271.818.719.0
Net profit margin%37.314.417.9
* 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 85.7% on a year-on-year (YoY) basis. The expenses were up by 173.3% YoY during the same period.
  • The company's operating profit increased by 35.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 46.1% in 2QFY19 as against 63.4% in 2QFY18.
  • Depreciation charges declined by 20.2% and finance costs declined by 13.8% YoY, respectively.
  • Other income increased by 163.9% YoY during the quarter.
  • Net profit for the quarter declined by 10.6% YoY. Net profit margins during the quarter declined from 37.3% in 2QFY18 to 17.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 80.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 143.2% QoQ during the same period.
  • The company's operating profit declined by 38.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 46.1% in 2QFY19 as against 60.1% in 1QFY18.
  • Net profit for the quarter increased by 120.4% QoQ, while net profit margins increased from 14.4% in 1QFY18 to 17.9% in 2QFY19.

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 57.3 to Rs 23.2, registering a Loss of Rs 34.1 or around 59.5%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,697.5 (down 0.0%). Over the last one year it has moved down from 2,249.8 to 1,697.5, a gain of 552 points (down 24.5%).

Overall, the S&P BSE SENSEX is up 6.8% over the year.

Current Valuations

At the current price of Rs 23.2, the price to earnings (P/E) ratio of HOUSING DEV. INFRA stands at 9.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.1 times.

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