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SUNTECK REALTY Announces Quarterly Results (3QFY19); Net Profit Down 13.3%

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SUNTECK REALTY Announces Quarterly Results (3QFY19); Net Profit Down 13.3%
Mon, 28 Jan

SUNTECK REALTY has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

SUNTECK REALTY Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,0151,8031,9478.0%-3.4%
Other incomeRs m34172104-39.7%204.7%
TurnoverRs m2,0491,9762,0513.8%0.1%
ExpensesRs m1,1241,0231,13310.8%0.8%
Gross profitRs m8917808144.4%-8.6%
DepreciationRs m55742.7%30.5%
InterestRs m971041095.7%12.5%
Profit before taxRs m822844802-5.0%-2.5%
TaxRs m230305289-5.3%25.4%
Profit after taxRs m592539513-4.9%-13.3%
Gross profit margin%44.243.341.8
Effective tax rate%28.036.136.0
Net profit margin%28.927.325.0
* 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 3.4% on a year-on-year (YoY) basis. The expenses were up by 0.8% YoY during the same period.
  • The company's operating profit declined by 8.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 41.8% in 3QFY19 as against 44.2% in 3QFY18.
  • Depreciation charges increased by 30.5% and finance costs increased by 12.5% YoY, respectively.
  • Other income increased by 204.7% YoY during the quarter.
  • Net profit for the quarter declined by 13.3% YoY. Net profit margins during the quarter declined from 28.9% in 3QFY18 to 25.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.8% QoQ during the same period.
  • The company's operating profit declined by 4.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 41.8% in 3QFY19 as against 43.3% in 2QFY18.
  • Net profit for the quarter declined by 4.9% QoQ, while net profit margins declined from 27.3% in 2QFY18 to 25.0% in 3QFY19.

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 406.0 to Rs 340.5, registering a Loss of Rs 65.5 or around 16.1%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,783.4 (down 0.4%). Over the last one year it has moved down from 2,649.6 to 1,783.4, a gain of 866 points (down 32.7%).

Overall, the S&P BSE SENSEX is down 0.6% over the year.

Current Valuations

At the current price of Rs 340.5, the price to earnings (P/E) ratio of SUNTECK REALTY stands at 17.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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