INDIABULLS HOU. FIN. Announces Quarterly Results (3QFY19); Net Profit Down 16.4%

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INDIABULLS HOU. FIN. Announces Quarterly Results (3QFY19); Net Profit Down 16.4%
Tue, 26 Feb

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

INDIABULLS HOU. FIN. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m33,49239,80442,3686.4%26.5%
Other incomeRs m7,5652,7492,434-11.4%-67.8%
TurnoverRs m41,05742,55344,8025.3%9.1%
ExpensesRs m5,8513,0146,321109.7%8.0%
Gross profitRs m27,61836,79036,047-2.0%30.5%
DepreciationRs m811091143.9%41.2%
InterestRs m19,53125,56424,492-4.2%25.4%
Profit before taxRs m15,57113,86613,8750.1%-10.9%
TaxRs m3,9393,5164,14717.9%5.3%
Profit after taxRs m11,63210,3499,728-6.0%-16.4%
Gross profit margin%82.592.485.1
Effective tax rate%25.325.429.9
Net profit margin%28.324.321.7
* 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 26.5% on a year-on-year (YoY) basis. The expenses were up by 8.0% YoY during the same period.
  • The company's operating profit increased by 30.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 85.1% in 3QFY19 as against 82.5% in 3QFY18.
  • Depreciation charges increased by 41.2% and finance costs increased by 25.4% YoY, respectively.
  • Other income declined by 67.8% YoY during the quarter.
  • Net profit for the quarter declined by 16.4% YoY. Net profit margins during the quarter declined from 28.3% in 3QFY18 to 21.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 109.7% QoQ during the same period.
  • The company's operating profit declined by 2.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 85.1% in 3QFY19 as against 92.4% in 2QFY18.
  • Net profit for the quarter declined by 6.0% QoQ, while net profit margins declined from 24.3% in 2QFY18 to 21.7% in 3QFY19.

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 1,294.9 to Rs 666.0, registering a Loss of Rs 628.9 or around 48.6%.

Overall, the S&P BSE SENSEX is up 4.6% over the year.

Current Valuations

At the current price of Rs 666.0, the price to earnings (P/E) ratio of INDIABULLS HOU. FIN. stands at 7.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

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