OBEROI REALTY Announces Quarterly Results (1QFY22); Net Profit Up 197.0%

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OBEROI REALTY Announces Quarterly Results (1QFY22); Net Profit Up 197.0%
Sat, 31 Jul

OBEROI REALTY has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

OBEROI REALTY Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m1,1807,9012,843-64.0%140.8%
Other incomeRs m88108105-2.5%19.0%
TurnoverRs m1,2698,0092,948-63.2%132.4%
ExpensesRs m6014,1661,594-61.7%165.3%
Gross profitRs m5793,7351,249-66.6%115.5%
DepreciationRs m1061001010.8%-4.5%
InterestRs m179197173-12.2%-3.2%
Profit before taxRs m3833,5451,080-69.5%181.9%
TaxRs m117680290-57.4%147.7%
Profit after taxRs m2662,865790-72.4%197.0%
Gross profit margin%49.147.343.9
Effective tax rate%30.619.226.9
Net profit margin%21.035.826.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 140.8% on a year-on-year (YoY) basis. The expenses were up by 165.3% YoY during the same period.
  • The company's operating profit increased by 115.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 43.9% in 1QFY22 as against 49.1% in 1QFY21.
  • Depreciation charges declined by 4.5% and finance costs declined by 3.2% YoY, respectively.
  • Other income increased by 19.0% YoY during the quarter.
  • Net profit for the quarter increased by 197.0% YoY. Net profit margins during the quarter increased from 21.0% in 1QFY21 to 26.8% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 64.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 61.7% QoQ during the same period.
  • The company's operating profit declined by 66.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 43.9% in 1QFY22 as against 47.3% in 4QFY21.
  • Net profit for the quarter declined by 72.4% QoQ, while net profit margins declined from 35.8% in 4QFY21 to 26.8% in 1QFY22.

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

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OBEROI REALTY Share Price Performance

Over the last one year, OBEROI REALTY share price has moved up from Rs 350.0 to Rs 672.6, registering a Gain of Rs 322.7 or around 92.2%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 3,182.5 (up 0.4%). Over the last one year it has moved up from 1,575.7 to 3,182.5, a gain of 1,607 points (up 102.0%).

Overall, the S&P BSE SENSEX is up 38.1% over the year.

Current Valuations

At the current price of Rs 672.6, the price to earnings (P/E) ratio of OBEROI REALTY stands at 31.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

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