IVRCL Announces Quarterly Results (4QFY19); Net Profit Up 69.8%

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IVRCL Announces Quarterly Results (4QFY19); Net Profit Up 69.8%
Thu, 13 Jun

IVRCL has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

IVRCL Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,7181,7101,211-29.2%-29.5%
Other incomeRs m712325985.2%-91.7%
TurnoverRs m2,4291,7421,270-27.1%-47.7%
ExpensesRs m4,6052,0051,482-26.1%-67.8%
Gross profitRs m-7,642-1,001-318
DepreciationRs m149114103-9.9%-31.0%
InterestRs m4,4553,0143,1123.3%-30.1%
Profit before taxRs m-11,534-4,097-3,474
TaxRs m-10440.0%
Profit after taxRs m-11,524-4,101-3,477
Gross profit margin%-444.9-58.6-26.2
Effective tax rate%0.1-0.1-0.1
Net profit margin%-474.4-235.5-273.8
* 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 29.5% on a year-on-year (YoY) basis. The expenses were down by 67.8% YoY during the same period.
  • The company's operating profit declined by 95.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.2% in 4QFY19 as against 444.9% in 4QFY18.
  • Depreciation charges declined by 31.0% and finance costs declined by 30.1% YoY, respectively.
  • Other income declined by 91.7% YoY during the quarter.
  • Net profit for the quarter increased by 69.8% YoY. Net profit margins during the quarter increased from -474.4% in 4QFY18 to -273.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 29.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 26.1% QoQ during the same period.
  • The company's operating profit increased by 68.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.2% in 4QFY19 as against 58.6% in 3QFY18.
  • Net profit for the quarter increased by 15.2% QoQ, while net profit margins declined from -235.4% in 3QFY18 to -273.8% in 4QFY19.

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

IVRCL Share Price Performance

Over the last one year, IVRCL share price has moved up from Rs 1.3 to Rs 0.7, registering a Loss of Rs 0.6 or around 46.6%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,122.6 (down 0.1%). Over the last one year it has moved down from 2,211.8 to 2,122.6, a gain of 89 points (down 4.0%).

Overall, the S&P BSE SENSEX is up 10.8% over the year.

Current Valuations

At the current price of Rs 0.7, the price to book value (P/BV) ratio of IVRCL stands at 0.0 times.

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