INDIABULLS HOU. FIN. Announces Quarterly Results (1QFY20); Net Profit Down 25.1%

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INDIABULLS HOU. FIN. Announces Quarterly Results (1QFY20); Net Profit Down 25.1%
Wed, 28 Aug

INDIABULLS HOU. FIN. has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

INDIABULLS HOU. FIN. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m38,90342,09538,850-7.7%-0.1%
Other incomeRs m1,811311303.6%-99.4%
TurnoverRs m40,71342,09838,861-7.7%-4.5%
ExpensesRs m3,2533,9603,884-1.9%19.4%
Gross profitRs m35,71038,13634,966-8.3%-2.1%
DepreciationRs m84120290141.8%244.5%
InterestRs m23,35123,74423,627-0.5%1.2%
Profit before taxRs m14,08514,27511,060-22.5%-21.5%
TaxRs m3,5384,2613,160-25.9%-10.7%
Profit after taxRs m10,54710,0147,900-21.1%-25.1%
Gross profit margin%91.890.690.0
Effective tax rate%25.129.928.6
Net profit margin%25.923.820.3
* 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 fell 0.1% on a year-on-year (YoY) basis. The expenses were up by 19.4% YoY during the same period.
  • The company's operating profit declined by 2.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 90.0% in 1QFY20 as against 91.8% in 1QFY19.
  • Depreciation charges increased by 244.5% and finance costs increased by 1.2% YoY, respectively.
  • Other income declined by 99.4% YoY during the quarter.
  • Net profit for the quarter declined by 25.1% YoY. Net profit margins during the quarter declined from 25.9% in 1QFY19 to 20.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.9% QoQ during the same period.
  • The company's operating profit declined by 8.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 90.0% in 1QFY20 as against 90.6% in 4QFY19.
  • Net profit for the quarter declined by 21.1% QoQ, while net profit margins declined from 23.8% in 4QFY19 to 20.3% in 1QFY20.

To see how INDIABULLS HOU. FIN. has performed over the last eight quarters,please visit here.

INDIABULLS HOU. FIN. Share Price Performance

Over the last one year,INDIABULLS HOU. FIN. share price has moved down from Rs 1,292.2 to Rs 463.0, registering a Loss of Rs 829.2 or around 64.2%.

Overall, the S&P BSE SENSEX is down 3.0% over the year.

Current Valuations

At the current price of Rs 463.0, the price to earnings (P/E) ratio of INDIABULLS HOU. FIN. stands at 5.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

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