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.

Important: One stock to add to your portfolio asap

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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