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.

Free Guide: Find the Next Crorepati Stock in this Futuristic Industry

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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