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INDIABULLS HOU. FIN. Announces Quarterly Results (2QFY19); Net Profit Up 22.8%

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INDIABULLS HOU. FIN. Announces Quarterly Results (2QFY19); Net Profit Up 22.8%
Wed, 17 Oct

INDIABULLS HOU. FIN. has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

INDIABULLS HOU. FIN. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m30,67038,90339,8042.3%29.8%
Other incomeRs m2,7551,8112,74951.8%-0.2%
TurnoverRs m33,42540,71342,5534.5%27.3%
ExpensesRs m3,8573,2533,014-7.3%-21.8%
Gross profitRs m26,72335,71036,7903.0%37.7%
DepreciationRs m788410929.8%39.7%
InterestRs m18,35523,35125,5649.5%39.3%
Profit before taxRs m11,04414,08513,866-1.6%25.5%
TaxRs m2,6163,5383,516-0.6%34.4%
Profit after taxRs m8,42910,54710,349-1.9%22.8%
Gross profit margin%87.191.892.4
Effective tax rate%23.725.125.4
Net profit margin%25.225.924.3
* 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 29.8% on a year-on-year (YoY) basis. The expenses were down by 21.8% YoY during the same period.
  • The company's operating profit increased by 37.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 92.4% in 2QFY19 as against 87.1% in 2QFY18.
  • Depreciation charges and finance costs increased by 39.7% YoY and 39.3% YoY, respectively.
  • Other income declined by 0.2% YoY during the quarter.
  • Net profit for the quarter increased by 22.8% YoY. Net profit margins during the quarter declined from 25.2% in 2QFY18 to 24.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.3% QoQ during the same period.
  • The company's operating profit increased by 3.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 92.4% in 2QFY19 as against 91.8% in 1QFY18.
  • Net profit for the quarter declined by 1.9% QoQ, while net profit margins declined from 25.9% in 1QFY18 to 24.3% in 2QFY19.

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 up from Rs 1,325.4 to Rs 879.9, registering a Loss of Rs 445.5 or around 33.6%.

Overall, the S&P BSE SENSEX is up 8.6% over the year.

Current Valuations

At the current price of Rs 879.9, the price to earnings (P/E) ratio of INDIABULLS HOU. FIN. stands at 8.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.8 times.

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