INDIABULLS REAL EST Announces Quarterly Results (2QFY20); Net Profit Up 221.7%

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INDIABULLS REAL EST Announces Quarterly Results (2QFY20); Net Profit Up 221.7%
Tue, 12 Nov

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

INDIABULLS REAL EST Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m10,4048,36610,85729.8%4.3%
Other incomeRs m193328163-50.4%-15.8%
TurnoverRs m10,5978,69311,01926.8%4.0%
ExpensesRs m7,9775,8125,704-1.9%-28.5%
Gross profitRs m2,4271,8795,152174.3%112.3%
DepreciationRs m26788913.8%242.9%
InterestRs m1,0391,5931,537-3.5%48.0%
Profit before taxRs m1,5565353,689589.2%137.1%
TaxRs m6111,745648-62.9%6.2%
Profit after taxRs m945-1,2103,041221.7%
Gross profit margin%23.322.547.5
Effective tax rate%39.2326.017.6
Net profit margin%8.9-13.927.6
* 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 4.3% on a year-on-year (YoY) basis. The expenses were down by 28.5% YoY during the same period.
  • The company's operating profit increased by 112.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 47.5% in 2QFY20 as against 23.3% in 2QFY19.
  • Depreciation charges increased by 242.9% and finance costs increased by 48.0% YoY, respectively.
  • Other income declined by 15.8% YoY during the quarter.
  • Net profit for the quarter increased by 221.7% YoY. Net profit margins during the quarter increased from 8.9% in 2QFY19 to 27.6% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 29.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.9% QoQ during the same period.
  • The company's operating profit increased by 174.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 47.5% in 2QFY20 as against 22.5% in 1QFY19.
  • Net profit for the quarter increased by 351.4% QoQ, while net profit margins increased from -13.9% in 1QFY19 to 27.6% in 2QFY20.

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

Last 2 Days: Discover India's #1 Defence Stock

INDIABULLS REAL EST Share Price Performance

Over the last one year,INDIABULLS REAL EST share price has moved down from Rs 94.3 to Rs 76.0, registering a Loss of Rs 18.3 or around 19.4%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,171.0 (up 0.8%). Over the last one year it has moved up from 1,734.5 to 2,171.0, a gain of 436 points (up 25.2%).

Overall, the S&P BSE SENSEX is up 15.9% over the year.

Current Valuations

At the current price of Rs 76.0, the price to earnings (P/E) ratio of INDIABULLS REAL EST stands at 6.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.8 times.

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