INDIABULLS REAL EST Announces Quarterly Results (4QFY20); Net Profit Down 196.2%

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INDIABULLS REAL EST Announces Quarterly Results (4QFY20); Net Profit Down 196.2%
Fri, 15 May

INDIABULLS REAL EST has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

INDIABULLS REAL EST Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m18,21512,3231,163-90.6%-93.6%
Other incomeRs m2,191854354-58.6%-83.8%
TurnoverRs m20,40613,1771,517-88.5%-92.6%
ExpensesRs m16,55711,0691,961-82.3%-88.2%
Gross profitRs m1,6581,253-916-173.1%-155.3%
DepreciationRs m297367-7.7%131.3%
InterestRs m1,447871811-6.8%-43.9%
Profit before taxRs m2,3731,164-1,441-223.8%-160.7%
TaxRs m1,233671-344-151.2%-127.9%
Profit after taxRs m1,140493-1,097-322.7%-196.2%
Gross profit margin%9.110.2-78.8
Effective tax rate%52.057.723.9
Net profit margin%5.63.7-72.3
* 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 93.6% on a year-on-year (YoY) basis. The expenses were down by 88.2% YoY during the same period.
  • The company's operating profit declined by 155.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 78.8% in 4QFY20 as against 9.1% in 4QFY19.
  • Depreciation charges increased by 131.3% and finance costs declined by 43.9% YoY, respectively.
  • Other income declined by 83.8% YoY during the quarter.
  • Net profit for the quarter declined by 196.2% YoY. Net profit margins during the quarter declined from 5.6% in 4QFY19 to -72.3% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 90.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 82.3% QoQ during the same period.
  • The company's operating profit declined by 173.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 78.8% in 4QFY20 as against 10.2% in 3QFY19.
  • Net profit for the quarter declined by 322.7% QoQ, while net profit margins declined from 3.7% in 3QFY19 to -72.3% in 4QFY20.

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

New: A Potential 10x Opportunity in the Long Term

INDIABULLS REAL EST Share Price Performance

Over the last one year,INDIABULLS REAL EST share price has moved down from Rs 96.5 to Rs 45.2, registering a Loss of Rs 51.3 or around 53.2%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,368.4 (up 0.2%). Over the last one year it has moved down from 1,929.7 to 1,368.4, a gain of 561 points (down 29.1%).

Overall, the S&P BSE SENSEX is down 16.9% over the year.

Current Valuations

At the current price of Rs 45.2, the price to earnings (P/E) ratio of INDIABULLS REAL EST stands at 15.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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