SUNTECK REALTY Announces Quarterly Results (3QFY20); Net Profit Down 33.9%

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SUNTECK REALTY Announces Quarterly Results (3QFY20); Net Profit Down 33.9%
Fri, 14 Feb

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

SUNTECK REALTY Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m1,9471,3471,93943.9%-0.4%
Other incomeRs m1046254-12.3%-47.7%
TurnoverRs m2,0511,4091,99341.4%-2.8%
ExpensesRs m1,1339331,43754.0%26.8%
Gross profitRs m81441450221.2%-38.4%
DepreciationRs m78922.1%33.6%
InterestRs m109114110-3.4%0.9%
Profit before taxRs m80235443623.2%-45.6%
TaxRs m289559877.5%-66.2%
Profit after taxRs m51329933913.3%-33.9%
Gross profit margin%41.830.725.9
Effective tax rate%36.015.522.4
Net profit margin%25.021.217.0
* 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 0.4% on a year-on-year (YoY) basis. The expenses were up by 26.8% YoY during the same period.
  • The company's operating profit declined by 38.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.9% in 3QFY20 as against 41.8% in 3QFY19.
  • Depreciation charges increased by 33.6% and finance costs increased by 0.9% YoY, respectively.
  • Other income declined by 47.7% YoY during the quarter.
  • Net profit for the quarter declined by 33.9% YoY. Net profit margins during the quarter declined from 25.0% in 3QFY19 to 17.0% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 43.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 54.0% QoQ during the same period.
  • The company's operating profit increased by 21.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.9% in 3QFY20 as against 30.7% in 2QFY19.
  • Net profit for the quarter increased by 13.3% QoQ, while net profit margins declined from 21.2% in 2QFY19 to 17.0% in 3QFY20.

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 up from Rs 340.7 to Rs 391.3, registering a Gain of Rs 50.6 or around 14.9%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,376.9 (down 0.3%). Over the last one year it has moved up from 1,743.4 to 2,376.9, a gain of 633 points (up 36.3%).

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 391.3, the price to earnings (P/E) ratio of SUNTECK REALTY stands at 30.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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