OMAXE LTD Announces Quarterly Results (1QFY20); Net Profit Up 72.4%

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OMAXE LTD Announces Quarterly Results (1QFY20); Net Profit Up 72.4%
Wed, 21 Aug

OMAXE LTD has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

OMAXE LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,7352,9933,53118.0%103.5%
Other incomeRs m908455-34.8%-38.5%
TurnoverRs m1,8253,0773,58616.5%96.5%
ExpensesRs m1,3372,6702,7493.0%105.6%
Gross profitRs m398323782142.2%96.2%
DepreciationRs m1825142461.3%671.7%
InterestRs m336255011945.7%49.2%
Profit before taxRs m134357194-45.9%44.8%
TaxRs m4714944-70.2%-5.7%
Profit after taxRs m87208149-28.4%72.4%
Gross profit margin%23.010.822.1
Effective tax rate%35.341.722.9
Net profit margin%4.76.84.2
* 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 103.5% on a year-on-year (YoY) basis. The expenses were up by 105.6% YoY during the same period.
  • The company's operating profit increased by 96.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.1% in 1QFY20 as against 23.0% in 1QFY19.
  • Depreciation charges increased by 671.7% and finance costs increased by 49.2% YoY, respectively.
  • Other income declined by 38.5% YoY during the quarter.
  • Net profit for the quarter increased by 72.4% YoY. Net profit margins during the quarter declined from 4.7% in 1QFY19 to 4.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.0% QoQ during the same period.
  • The company's operating profit increased by 142.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.1% in 1QFY20 as against 10.8% in 4QFY19.
  • Net profit for the quarter declined by 28.4% QoQ, while net profit margins declined from 6.8% in 4QFY19 to 4.2% in 1QFY20.

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

OMAXE LTD Share Price Performance

Over the last one year,OMAXE LTD share price has moved down from Rs 221.9 to Rs 195.6, registering a Loss of Rs 26.4 or around 11.9%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,013.5 (down 0.8%). Over the last one year it has moved down from 2,117.7 to 2,013.5, a gain of 104 points (down 4.9%).

Overall, the S&P BSE SENSEX is down 2.4% over the year.

Current Valuations

At the current price of Rs 195.6, the price to earnings (P/E) ratio of OMAXE LTD stands at 65.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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