OMAXE LTD Announces Quarterly Results (3QFY19); Net Profit Down 58.9%

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OMAXE LTD Announces Quarterly Results (3QFY19); Net Profit Down 58.9%
Wed, 20 Feb

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

OMAXE LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m5,0684,5152,422-46.4%-52.2%
Other incomeRs m1188974-16.4%-36.7%
TurnoverRs m5,1864,6042,497-45.8%-51.9%
ExpensesRs m4,3544,1032,274-44.6%-47.8%
Gross profitRs m714412148-64.0%-79.2%
DepreciationRs m23222512.9%6.5%
InterestRs m50329686-70.8%-82.8%
Profit before taxRs m306183112-38.8%-63.5%
TaxRs m997627-64.7%-73.0%
Profit after taxRs m20710785-20.4%-58.9%
Gross profit margin%14.19.16.1
Effective tax rate%32.541.624.0
Net profit margin%4.02.33.4
* 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 52.2% on a year-on-year (YoY) basis. The expenses were down by 47.8% YoY during the same period.
  • The company's operating profit declined by 79.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.1% in 3QFY19 as against 14.1% in 3QFY18.
  • Depreciation charges increased by 6.5% and finance costs declined by 82.8% YoY, respectively.
  • Other income declined by 36.7% YoY during the quarter.
  • Net profit for the quarter declined by 58.9% YoY. Net profit margins during the quarter declined from 4.0% in 3QFY18 to 3.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 46.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 44.6% QoQ during the same period.
  • The company's operating profit declined by 64.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.1% in 3QFY19 as against 9.1% in 2QFY18.
  • Net profit for the quarter declined by 20.4% QoQ, while net profit margins increased from 2.3% in 2QFY18 to 3.4% in 3QFY19.

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 227.9 to Rs 209.1, registering a Loss of Rs 18.8 or around 8.3%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,789.3 (up 0.5%). Over the last one year it has moved down from 2,422.1 to 1,789.3, a gain of 633 points (down 26.1%).

Overall, the S&P BSE SENSEX is up 5.5% over the year.

Current Valuations

At the current price of Rs 209.1, the price to earnings (P/E) ratio of OMAXE LTD stands at 78.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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