PARSVNATH DEV Announces Quarterly Results (4QFY19); Net Profit Down 459.4%

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PARSVNATH DEV Announces Quarterly Results (4QFY19); Net Profit Down 459.4%
Mon, 10 Jun

PARSVNATH DEV has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

PARSVNATH DEV Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1812077,3273431.6%3940.9%
Other incomeRs m4302450104.8%-88.5%
TurnoverRs m6122327,3763084.2%1105.7%
ExpensesRs m4122038,3233994.7%1921.8%
Gross profitRs m-2304-997-23828.8%
DepreciationRs m272424-1.5%-13.7%
InterestRs m357357761113.0%113.0%
Profit before taxRs m-184-353-1,732
TaxRs m115-78-56-149.0%
Profit after taxRs m-299-275-1,675
Gross profit margin%-127.12.0-13.6
Effective tax rate%-62.422.03.3
Net profit margin%-49.0-118.7-22.7
* 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 3940.9% on a year-on-year (YoY) basis. The expenses were up by 1921.8% YoY during the same period.
  • The company's operating profit increased by 332.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.6% in 4QFY19 as against 127.1% in 4QFY18.
  • Depreciation charges declined by 13.7% and finance costs increased by 113.0% YoY, respectively.
  • Other income declined by 88.5% YoY during the quarter.
  • Net profit for the quarter declined by 459.4% YoY. Net profit margins during the quarter increased from -49.0% in 4QFY18 to -22.7% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3431.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3994.7% QoQ during the same period.
  • The company's operating profit declined by 23828.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.6% in 4QFY19 as against 2.0% in 3QFY18.
  • Net profit for the quarter declined by 509.3% QoQ, while net profit margins increased from -118.5% in 3QFY18 to -22.7% in 4QFY19.

To see how PARSVNATH DEV has performed over the last eight quarters, please visit here.

PARSVNATH DEV Share Price Performance

Over the last one year, PARSVNATH DEV share price has moved up from Rs 12.1 to Rs 4.2, registering a Loss of Rs 7.9 or around 65.3%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,175.4 (up 0.6%). Over the last one year it has moved down from 2,215.9 to 2,175.4, a gain of 40 points (down 1.8%).

Overall, the S&P BSE SENSEX is up 12.6% over the year.

Current Valuations

At the current price of Rs 4.2, the price to book value (P/BV) ratio of PARSVNATH DEV stands at 0.1 times.

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