MADHUCON PROJECTS Announces Quarterly Results (3QFY19); Net Profit Down 376.7%

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MADHUCON PROJECTS Announces Quarterly Results (3QFY19); Net Profit Down 376.7%
Thu, 14 Feb

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

MADHUCON PROJECTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,1451,4911,70714.5%49.1%
Other incomeRs m12437165.3%490.8%
TurnoverRs m1,1571,5341,77715.9%53.7%
ExpensesRs m8781,2801,75637.3%100.0%
Gross profitRs m266212-50-123.5%-118.7%
DepreciationRs m591919-0.5%-68.0%
InterestRs m18433274-77.8%-60.1%
Profit before taxRs m34-97-72-307.9%
TaxRs m20-49-31-257.4%
Profit after taxRs m15-48-40-376.7%
Gross profit margin%23.314.2-2.9
Effective tax rate%57.650.543.6
Net profit margin%1.3-3.1-2.3
* 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 49.1% on a year-on-year (YoY) basis. The expenses were up by 100.0% YoY during the same period.
  • The company's operating profit declined by 118.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.9% in 3QFY19 as against 23.3% in 3QFY18.
  • Depreciation charges declined by 68.0% and finance costs declined by 60.1% YoY, respectively.
  • Other income increased by 490.8% YoY during the quarter.
  • Net profit for the quarter declined by 376.7% YoY. Net profit margins during the quarter declined from 1.3% in 3QFY18 to -2.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 14.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 37.3% QoQ during the same period.
  • The company's operating profit declined by 123.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.9% in 3QFY19 as against 14.2% in 2QFY18.
  • Net profit for the quarter increased by 15.8% QoQ, while net profit margins increased from -3.1% in 2QFY18 to -2.3% in 3QFY19.

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 29.3 to Rs 6.0, registering a Loss of Rs 23.3 or around 79.5%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,743.1 (up 0.4%). Over the last one year it has moved down from 2,522.9 to 1,743.1, a gain of 780 points (down 30.9%).

Overall, the S&P BSE SENSEX is up 5.2% over the year.

Current Valuations

At the current price of Rs 6.0, the price to book value (P/BV) ratio of MADHUCON PROJECTS stands at 0.0 times.

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