SUNTECK REALTY Announces Quarterly Results (2QFY20); Net Profit Down 44.5%

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SUNTECK REALTY Announces Quarterly Results (2QFY20); Net Profit Down 44.5%
Fri, 15 Nov

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

SUNTECK REALTY Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m1,8031,7461,347-22.8%-25.3%
Other incomeRs m172466235.2%-64.1%
TurnoverRs m1,9761,7921,409-21.3%-28.7%
ExpensesRs m1,0231,138933-18.0%-8.8%
Gross profitRs m780609414-31.9%-46.9%
DepreciationRs m5787.3%56.1%
InterestRs m1049111424.9%10.3%
Profit before taxRs m844556354-36.3%-58.0%
TaxRs m30520255-72.8%-82.0%
Profit after taxRs m539354299-15.5%-44.5%
Gross profit margin%43.334.930.7
Effective tax rate%36.136.315.5
Net profit margin%27.319.821.2
* 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 25.3% on a year-on-year (YoY) basis. The expenses were down by 8.8% YoY during the same period.
  • The company's operating profit declined by 46.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.7% in 2QFY20 as against 43.3% in 2QFY19.
  • Depreciation charges increased by 56.1% and finance costs increased by 10.3% YoY, respectively.
  • Other income declined by 64.1% YoY during the quarter.
  • Net profit for the quarter declined by 44.5% YoY. Net profit margins during the quarter declined from 27.3% in 2QFY19 to 21.2% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 22.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.0% QoQ during the same period.
  • The company's operating profit declined by 31.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.7% in 2QFY20 as against 34.9% in 1QFY19.
  • Net profit for the quarter declined by 15.5% QoQ, while net profit margins increased from 19.8% in 1QFY19 to 21.2% in 2QFY20.

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

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SUNTECK REALTY Share Price Performance

Over the last one year,SUNTECK REALTY share price has moved up from Rs 347.7 to Rs 403.5, registering a Gain of Rs 55.9 or around 16.1%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,124.8 (down 0.2%). Over the last one year it has moved up from 1,724.8 to 2,124.8, a gain of 400 points (up 23.2%).

Overall, the S&P BSE SENSEX is up 15.3% over the year.

Current Valuations

At the current price of Rs 403.5, the price to earnings (P/E) ratio of SUNTECK REALTY stands at 28.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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