INDIABULLS REAL EST Announces Quarterly Results (1QFY20); Net Profit Down 239.2%

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INDIABULLS REAL EST Announces Quarterly Results (1QFY20); Net Profit Down 239.2%
Wed, 21 Aug

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

INDIABULLS REAL EST Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m8,10918,2158,366-54.1%3.2%
Other incomeRs m2412,191328-85.0%35.7%
TurnoverRs m8,35020,4068,693-57.4%4.1%
ExpensesRs m5,64616,5575,812-64.9%2.9%
Gross profitRs m2,4621,6581,87913.3%-23.7%
DepreciationRs m822978169.6%-4.7%
InterestRs m1,0151,4471,59310.1%56.9%
Profit before taxRs m1,6062,373535-77.4%-66.7%
TaxRs m7371,2331,74541.5%136.6%
Profit after taxRs m8691,140-1,210-206.1%-239.2%
Gross profit margin%30.49.122.5
Effective tax rate%45.952.0326.0
Net profit margin%10.45.6-13.9
* 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 3.2% on a year-on-year (YoY) basis. The expenses were up by 2.9% YoY during the same period.
  • The company's operating profit declined by 23.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.5% in 1QFY20 as against 30.4% in 1QFY19.
  • Depreciation charges declined by 4.7% and finance costs increased by 56.9% YoY, respectively.
  • Other income increased by 35.7% YoY during the quarter.
  • Net profit for the quarter declined by 239.2% YoY. Net profit margins during the quarter declined from 10.4% in 1QFY19 to -13.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 54.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 64.9% QoQ during the same period.
  • The company's operating profit increased by 13.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.5% in 1QFY20 as against 9.1% in 4QFY19.
  • Net profit for the quarter declined by 206.1% QoQ, while net profit margins declined from 5.6% in 4QFY19 to -13.9% in 1QFY20.

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

INDIABULLS REAL EST Share Price Performance

Over the last one year,INDIABULLS REAL EST share price has moved down from Rs 143.2 to Rs 72.1, registering a Loss of Rs 71.1 or around 49.6%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,013.3 (down 0.8%). Over the last one year it has moved down from 2,117.7 to 2,013.3, a gain of 104 points (down 4.9%).

Overall, the S&P BSE SENSEX is down 2.4% over the year.

Current Valuations

At the current price of Rs 72.1, the price to earnings (P/E) ratio of INDIABULLS REAL EST stands at 10.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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Feb 26, 2020 09:51 AM

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