SUNTECK REALTY Announces Quarterly Results (1QFY21); Net Profit Down 91.7%

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SUNTECK REALTY Announces Quarterly Results (1QFY21); Net Profit Down 91.7%
Wed, 26 Aug

SUNTECK REALTY has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

SUNTECK REALTY Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m1,746916607-33.7%-65.2%
Other incomeRs m4675829.0%78.6%
TurnoverRs m1,792991689-30.4%-61.5%
ExpensesRs m1,138823506-38.5%-55.5%
Gross profitRs m609921019.1%-83.4%
DepreciationRs m712124.7%69.0%
InterestRs m91117106-9.4%16.1%
Profit before taxRs m556396466.5%-88.4%
TaxRs m202243547.8%-82.6%
Profit after taxRs m354152996.6%-91.7%
Gross profit margin%34.910.116.6
Effective tax rate%36.361.654.6
Net profit margin%19.81.54.2
* 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 65.2% on a year-on-year (YoY) basis. The expenses were down by 55.5% YoY during the same period.
  • The company's operating profit declined by 83.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.6% in 1QFY21 as against 34.9% in 1QFY20.
  • Depreciation charges increased by 69.0% and finance costs increased by 16.1% YoY, respectively.
  • Other income increased by 78.6% YoY during the quarter.
  • Net profit for the quarter declined by 91.7% YoY. Net profit margins during the quarter declined from 19.8% in 1QFY20 to 4.2% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 33.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 38.5% QoQ during the same period.
  • The company's operating profit increased by 9.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.6% in 1QFY21 as against 10.1% in 4QFY20.
  • Net profit for the quarter increased by 96.6% QoQ, while net profit margins increased from 1.5% in 4QFY20 to 4.2% in 1QFY21.

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

Discover: India's #1 Defence Stock

SUNTECK REALTY Share Price Performance

Over the last one year,SUNTECK REALTY share price has moved down from Rs 476.3 to Rs 253.1, registering a Loss of Rs 223.2 or around 46.9%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,732.4 (up 1.2%). Over the last one year it has moved down from 1,954.6 to 1,732.4, a gain of 222 points (down 11.4%).

Overall, the S&P BSE SENSEX is up 3.7% over the year.

Current Valuations

At the current price of Rs 253.1, the price to earnings (P/E) ratio of SUNTECK REALTY stands at 46.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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