OMAXE LTD Announces Quarterly Results (3QFY20); Net Profit Down 26.4%

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OMAXE LTD Announces Quarterly Results (3QFY20); Net Profit Down 26.4%
Mon, 17 Feb

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

OMAXE LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m2,4222,5111,672-33.4%-31.0%
Other incomeRs m7449185277.2%148.9%
TurnoverRs m2,4972,5601,857-27.5%-25.6%
ExpensesRs m2,2742,2301,543-30.8%-32.1%
Gross profitRs m148281129-54.2%-13.1%
DepreciationRs m25180166-7.8%577.1%
InterestRs m86294765.7%-45.1%
Profit before taxRs m112122101-17.5%-9.9%
TaxRs m274138-7.5%42.2%
Profit after taxRs m858163-22.5%-26.4%
Gross profit margin%6.111.27.7
Effective tax rate%24.033.837.8
Net profit margin%3.43.23.4
* 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 31.0% on a year-on-year (YoY) basis. The expenses were down by 32.1% YoY during the same period.
  • The company's operating profit declined by 13.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.7% in 3QFY20 as against 6.1% in 3QFY19.
  • Depreciation charges increased by 577.1% and finance costs declined by 45.1% YoY, respectively.
  • Other income increased by 148.9% YoY during the quarter.
  • Net profit for the quarter declined by 26.4% YoY. Net profit margins during the quarter declined from 3.4% in 3QFY19 to 3.4% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 33.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 30.8% QoQ during the same period.
  • The company's operating profit declined by 54.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.7% in 3QFY20 as against 11.2% in 2QFY19.
  • Net profit for the quarter declined by 22.5% QoQ, while net profit margins increased from 3.2% in 2QFY19 to 3.4% in 3QFY20.

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

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OMAXE LTD Share Price Performance

Over the last one year,OMAXE LTD share price has moved down from Rs 209.4 to Rs 155.5, registering a Loss of Rs 53.9 or around 25.7%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,321.7 (down 1.5%). Over the last one year it has moved up from 1,740.2 to 2,321.7, a gain of 581 points (up 33.4%).

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 155.5, the price to earnings (P/E) ratio of OMAXE LTD stands at 56.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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