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

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.

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.