SUNTECK REALTY Announces Quarterly Results (1QFY20); Net Profit Down 52.9%

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SUNTECK REALTY Announces Quarterly Results (1QFY20); Net Profit Down 52.9%
Fri, 16 Aug

SUNTECK REALTY has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

SUNTECK REALTY Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m2,1112,6971,746-35.3%-17.3%
Other incomeRs m13911046-58.3%-67.0%
TurnoverRs m2,2502,8071,792-36.2%-20.3%
ExpensesRs m9951,8091,138-37.1%14.3%
Gross profitRs m1,116888609-31.5%-45.5%
DepreciationRs m46714.2%95.6%
InterestRs m1039291-1.0%-11.2%
Profit before taxRs m1,148900556-38.2%-51.6%
TaxRs m397294202-31.4%-49.1%
Profit after taxRs m751605354-41.5%-52.9%
Gross profit margin%52.932.934.9
Effective tax rate%34.632.736.3
Net profit margin%33.421.619.8
* 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 17.3% on a year-on-year (YoY) basis. The expenses were up by 14.3% YoY during the same period.
  • The company's operating profit declined by 45.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 34.9% in 1QFY20 as against 52.9% in 1QFY19.
  • Depreciation charges increased by 95.6% and finance costs declined by 11.2% YoY, respectively.
  • Other income declined by 67.0% YoY during the quarter.
  • Net profit for the quarter declined by 52.9% YoY. Net profit margins during the quarter declined from 33.4% in 1QFY19 to 19.8% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 35.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 37.1% QoQ during the same period.
  • The company's operating profit increased by 31.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 34.9% in 1QFY20 as against 32.9% in 4QFY19.
  • Net profit for the quarter declined by 41.5% QoQ, while net profit margins declined from 21.6% in 4QFY19 to 19.8% in 1QFY20.

To see how SUNTECK REALTY has performed over the last eight quarters,please visit here.

SUNTECK REALTY Share Price Performance

Over the last one year,SUNTECK REALTY share price has moved up from Rs 460.6 to Rs 463.7, registering a Gain of Rs 3.1 or around 0.7%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,040.1 (up 0.2%). Over the last one year it has moved down from 2,117.8 to 2,040.1, a gain of 78 points (down 3.7%).

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 463.7, the price to earnings (P/E) ratio of SUNTECK REALTY stands at 29.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.2 times.

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