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MADHUCON PROJECTS Announces Quarterly Results (2QFY19); Net Profit Down 242.3%

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MADHUCON PROJECTS Announces Quarterly Results (2QFY19); Net Profit Down 242.3%
Thu, 15 Nov

MADHUCON PROJECTS has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

MADHUCON PROJECTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,1821,6021,491-6.9%26.2%
Other incomeRs m11224398.4%279.7%
TurnoverRs m1,1931,6231,534-5.5%28.5%
ExpensesRs m8711,4101,280-9.3%47.0%
Gross profitRs m31119221210.5%-32.0%
DepreciationRs m6119190.9%-68.5%
InterestRs m21123933239.2%57.4%
Profit before taxRs m51-45-97-290.5%
TaxRs m170-490.0%-384.9%
Profit after taxRs m34-45-48-242.3%
Gross profit margin%26.312.014.2
Effective tax rate%33.80.050.5
Net profit margin%2.8-2.7-3.1
* 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 grew 26.2% on a year-on-year (YoY) basis. The expenses were up by 47.0% YoY during the same period.
  • The company's operating profit declined by 32.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.2% in 2QFY19 as against 26.3% in 2QFY18.
  • Depreciation charges declined by 68.5% and finance costs increased by 57.4% YoY, respectively.
  • Other income increased by 279.7% YoY during the quarter.
  • Net profit for the quarter declined by 242.3% YoY. Net profit margins during the quarter declined from 2.8% in 2QFY18 to -3.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.3% QoQ during the same period.
  • The company's operating profit increased by 10.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.2% in 2QFY19 as against 12.0% in 1QFY18.
  • Net profit for the quarter declined by 7.6% QoQ, while net profit margins declined from -2.8% in 1QFY18 to -3.1% in 2QFY19.

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

MADHUCON PROJECTS Share Price Performance

Over the last one year, MADHUCON PROJECTS share price has moved up from Rs 30.0 to Rs 7.1, registering a Loss of Rs 22.9 or around 76.3%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,696.8 (down 0.1%). Over the last one year it has moved down from 2,249.8 to 1,696.8, a gain of 553 points (down 24.6%).

Overall, the S&P BSE SENSEX is up 6.8% over the year.

Current Valuations

At the current price of Rs 7.1, the price to book value (P/BV) ratio of MADHUCON PROJECTS stands at -0.4 times.

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