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OMAXE LTD Announces Quarterly Results (2QFY19); Net Profit Down 43.2%

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OMAXE LTD Announces Quarterly Results (2QFY19); Net Profit Down 43.2%
Fri, 16 Nov

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

OMAXE LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,5911,7354,515160.2%25.7%
Other incomeRs m569089-0.6%59.4%
TurnoverRs m3,6471,8254,604152.3%26.3%
ExpensesRs m2,8911,3374,103206.9%42.0%
Gross profitRs m7003984123.4%-41.2%
DepreciationRs m22182217.9%-1.4%
InterestRs m383336296-11.8%-22.7%
Profit before taxRs m35113418336.8%-47.9%
TaxRs m163477661.4%-53.3%
Profit after taxRs m1888710723.5%-43.2%
Gross profit margin%19.523.09.1
Effective tax rate%46.435.341.6
Net profit margin%5.24.72.3
* 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 25.7% on a year-on-year (YoY) basis. The expenses were up by 42.0% YoY during the same period.
  • The company's operating profit declined by 41.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.1% in 2QFY19 as against 19.5% in 2QFY18.
  • Depreciation charges declined by 1.4% and finance costs declined by 22.7% YoY, respectively.
  • Other income increased by 59.4% YoY during the quarter.
  • Net profit for the quarter declined by 43.2% YoY. Net profit margins during the quarter declined from 5.2% in 2QFY18 to 2.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 160.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 206.9% QoQ during the same period.
  • The company's operating profit declined by 3.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.1% in 2QFY19 as against 23.0% in 1QFY18.
  • Net profit for the quarter increased by 23.5% QoQ, while net profit margins declined from 4.7% in 1QFY18 to 2.3% in 2QFY19.

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 up from Rs 204.8 to Rs 210.6, registering a Gain of Rs 5.8 or around 2.8%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,721.9 (down 0.2%). Over the last one year it has moved down from 2,277.7 to 1,721.9, a gain of 556 points (down 24.4%).

Overall, the S&P BSE SENSEX is up 8.3% over the year.

Current Valuations

At the current price of Rs 210.6, the price to earnings (P/E) ratio of OMAXE LTD stands at 63.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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