INDIABULLS REAL EST Announces Quarterly Results (3QFY19); Net Profit Up 140.0%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

INDIABULLS REAL EST Announces Quarterly Results (3QFY19); Net Profit Up 140.0%
Wed, 20 Feb

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

INDIABULLS REAL EST Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m21,00110,40412,71122.2%-39.5%
Other incomeRs m643193165-14.4%-74.3%
TurnoverRs m21,64410,59712,87621.5%-40.5%
ExpensesRs m18,6907,9778,83310.7%-52.7%
Gross profitRs m2,3112,4273,87859.8%67.8%
DepreciationRs m247263742.8%-84.9%
InterestRs m1,6211,0391,14310.1%-29.5%
Profit before taxRs m1,0861,5562,86384.0%163.5%
TaxRs m23261181433.3%250.1%
Profit after taxRs m8549452,049116.8%140.0%
Gross profit margin%11.023.330.5
Effective tax rate%21.439.228.4
Net profit margin%3.98.915.9
* 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 fell 39.5% on a year-on-year (YoY) basis. The expenses were down by 52.7% YoY during the same period.
  • The company's operating profit increased by 67.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.5% in 3QFY19 as against 11.0% in 3QFY18.
  • Depreciation charges declined by 84.9% and finance costs declined by 29.5% YoY, respectively.
  • Other income declined by 74.3% YoY during the quarter.
  • Net profit for the quarter increased by 140.0% YoY. Net profit margins during the quarter increased from 3.9% in 3QFY18 to 15.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 22.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.7% QoQ during the same period.
  • The company's operating profit increased by 59.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.5% in 3QFY19 as against 23.3% in 2QFY18.
  • Net profit for the quarter increased by 116.8% QoQ, while net profit margins increased from 8.9% in 2QFY18 to 15.9% in 3QFY19.

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 217.6 to Rs 72.9, registering a Loss of Rs 144.7 or around 66.5%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,789.3 (up 0.5%). Over the last one year it has moved down from 2,422.1 to 1,789.3, a gain of 633 points (down 26.1%).

Overall, the S&P BSE SENSEX is up 5.5% over the year.

Current Valuations

At the current price of Rs 72.9, the price to earnings (P/E) ratio of INDIABULLS REAL EST stands at 1.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

Equitymaster requests your view! Post a comment on "INDIABULLS REAL EST Announces Quarterly Results (3QFY19); Net Profit Up 140.0%". Click here!

  

Related Views on News

INDIABULLS REAL EST 2018-19 Annual Report Analysis (Annual Result Update)

Sep 25, 2019 | Updated on Sep 25, 2019

Here's an analysis of the annual report of INDIABULLS REAL EST for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of INDIABULLS REAL EST. Also includes updates on the valuation of INDIABULLS REAL EST.

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

Aug 21, 2019 | Updated on Aug 21, 2019

For the quarter ended June 2019, INDIABULLS REAL EST has posted a net profit of Rs 1 bn (down 239.2% YoY). Sales on the other hand came in at Rs 8 bn (up 3.2% YoY). Read on for a complete analysis of INDIABULLS REAL EST's quarterly results.

INDIABULLS REAL EST Announces Quarterly Results (4QFY19); Net Profit Down 93.1% (Quarterly Result Update)

Apr 25, 2019 | Updated on Apr 25, 2019

For the quarter ended March 2019, INDIABULLS REAL EST has posted a net profit of Rs 1 bn (down 93.1% YoY). Sales on the other hand came in at Rs 18 bn (down 10.2% YoY). Read on for a complete analysis of INDIABULLS REAL EST's quarterly results.

INDIABULLS REAL EST 2017-18 Annual Report Analysis (Annual Result Update)

Dec 20, 2018 | Updated on Dec 20, 2018

Here's an analysis of the annual report of INDIABULLS REAL EST for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of INDIABULLS REAL EST. Also includes updates on the valuation of INDIABULLS REAL EST.

IRCON International IPO: Is This PSU Worth Betting On? (IPO)

Sep 17, 2018

Should you subscribe to the IPO of IRCON International Ltd?

More Views on News

Most Popular

Is Hawkins Set to Become Our Next Superhero Stock?(The 5 Minute Wrapup)

Nov 1, 2019

After PI Industries, Hawkins has put up a stellar show so far.

Ditch the Risky Fixed Deposits for Safer 'Bluechip Deposits'(Profit Hunter)

Oct 30, 2019

Most people think stocks are riskier than fixed deposits and bonds. The last quarter century proves otherwise.

Crash Alert! Is There a Big Bubble in Nestle, HUL and Asian Paints?(Profit Hunter)

Nov 7, 2019

Is this the beginning of the end of multibagger gains in quality stocks like Nestle, HUL, and Asian Paints?

What to Buy at Sensex 40,000(The 5 Minute Wrapup)

Nov 4, 2019

Should you invest in high-quality, safe stocks or make some contrarian bets in the smallcap space?

The Top Stocks for 2020 Pass This Most Critical Metric(The 5 Minute Wrapup)

Nov 5, 2019

Charlie Munger's favorite fictional character, Mr Glotz, picks stocks using this metric.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

INDIABULLS REAL EST SHARE PRICE


Nov 11, 2019 (Close)

TRACK INDIABULLS REAL EST

  • Track your investment in INDIABULLS REAL EST with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON INDIABULLS REAL EST

INDIABULLS REAL EST 5-YR ANALYSIS

COMPARE INDIABULLS REAL EST WITH

MARKET STATS