PENINSULA LAND Announces Quarterly Results (4QFY19); Net Profit Down 73.0%

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PENINSULA LAND Announces Quarterly Results (4QFY19); Net Profit Down 73.0%
Mon, 17 Jun

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

PENINSULA LAND Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m9831,052127-87.9%-87.1%
Other incomeRs m446226131-41.9%-70.6%
TurnoverRs m1,4291,278258-79.8%-81.9%
ExpensesRs m1,0261,5411,025-33.5%-0.2%
Gross profitRs m-1,646-547-3,006
DepreciationRs m1099-2.1%-7.1%
InterestRs m6356136160.5%-3.0%
Profit before taxRs m-1,845-943-3,500
TaxRs m1811545-96.8%-97.2%
Profit after taxRs m-2,026-1,097-3,505
Gross profit margin%-167.5-52.0-2,367.2
Effective tax rate%-9.8-16.4-0.1
Net profit margin%-141.8-85.8-1,356.3
* 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 fell 87.1% on a year-on-year (YoY) basis. The expenses were down by 0.2% YoY during the same period.
  • The company's operating profit increased by 82.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2367.2% in 4QFY19 as against 167.5% in 4QFY18.
  • Depreciation charges declined by 7.1% and finance costs declined by 3.0% YoY, respectively.
  • Other income declined by 70.6% YoY during the quarter.
  • Net profit for the quarter declined by 73.0% YoY. Net profit margins during the quarter declined from -141.8% in 4QFY18 to -1356.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 87.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 33.5% QoQ during the same period.
  • The company's operating profit declined by 449.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2367.2% in 4QFY19 as against 52.0% in 3QFY18.
  • Net profit for the quarter declined by 219.5% QoQ, while net profit margins declined from -85.8% in 3QFY18 to -1356.3% in 4QFY19.

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

PENINSULA LAND Share Price Performance

Over the last one year, PENINSULA LAND share price has moved up from Rs 19.2 to Rs 6.3, registering a Loss of Rs 12.9 or around 67.1%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,075.2 (down 0.8%). Over the last one year it has moved down from 2,182.5 to 2,075.2, a gain of 107 points (down 4.9%).

Overall, the S&P BSE SENSEX is up 10.4% over the year.

Current Valuations

At the current price of Rs 6.3, the price to book value (P/BV) ratio of PENINSULA LAND stands at 0.2 times.

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