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INDIABULLS REAL EST Announces Quarterly Results (2QFY19); Net Profit Up 0.7%

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INDIABULLS REAL EST Announces Quarterly Results (2QFY19); Net Profit Up 0.7%
Fri, 9 Nov

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

INDIABULLS REAL EST Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m7,2168,10910,40428.3%44.2%
Other incomeRs m1,048241193-20.1%-81.6%
TurnoverRs m8,2648,35010,59726.9%28.2%
ExpensesRs m4,2255,6467,97741.3%88.8%
Gross profitRs m2,9912,4622,427-1.4%-18.8%
DepreciationRs m2458226-68.4%-89.4%
InterestRs m1,9821,0151,0392.3%-47.6%
Profit before taxRs m1,8121,6061,556-3.2%-14.1%
TaxRs m873737611-17.2%-30.0%
Profit after taxRs m9398699458.8%0.7%
Gross profit margin%41.430.423.3
Effective tax rate%48.245.939.2
Net profit margin%11.410.48.9
* 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 44.2% on a year-on-year (YoY) basis. The expenses were up by 88.8% YoY during the same period.
  • The company's operating profit declined by 18.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.3% in 2QFY19 as against 41.4% in 2QFY18.
  • Depreciation charges declined by 89.4% and finance costs declined by 47.6% YoY, respectively.
  • Other income declined by 81.6% YoY during the quarter.
  • Net profit for the quarter increased by 0.7% YoY. Net profit margins during the quarter declined from 11.4% in 2QFY18 to 8.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 28.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 41.3% QoQ during the same period.
  • The company's operating profit declined by 1.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.3% in 2QFY19 as against 30.4% in 1QFY18.
  • Net profit for the quarter increased by 8.8% QoQ, while net profit margins declined from 10.4% in 1QFY18 to 8.9% in 2QFY19.

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 up from Rs 217.3 to Rs 91.9, registering a Loss of Rs 125.4 or around 57.7%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,756.9 (down 0.5%). Over the last one year it has moved down from 2,308.0 to 1,756.9, a gain of 551 points (down 23.9%).

Overall, the S&P BSE SENSEX is up 5.4% over the year.

Current Valuations

At the current price of Rs 91.9, the price to earnings (P/E) ratio of INDIABULLS REAL EST stands at 2.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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INDIABULLS REAL EST Announces Quarterly Results (1QFY19); Net Profit Down 43.0% (Quarterly Result Update)

Aug 16, 2018 | Updated on Aug 16, 2018

For the quarter ended June 2018, INDIABULLS REAL EST has posted a net profit of Rs 869 m (down 43.0% YoY). Sales on the other hand came in at Rs 8 bn (down 24.7% YoY). Read on for a complete analysis of INDIABULLS REAL EST's quarterly results.

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