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.

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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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