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MARATHON NEXTGEN REALTY LTD Announces Quarterly Results (4QFY18); Net Profit Down 80.2%

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MARATHON NEXTGEN REALTY LTD Announces Quarterly Results (4QFY18); Net Profit Down 80.2%
Fri, 20 Jul

MARATHON NEXTGEN REALTY LTD has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

MARATHON NEXTGEN REALTY LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m53801320.0%-75.6%
Other incomeRs m135144141-2.4%4.2%
TurnoverRs m67314427288.8%-59.6%
ExpensesRs m39921168712.7%-57.8%
Gross profitRs m139-21-37-126.4%
DepreciationRs m0061863.6%1651.4%
InterestRs m00430.0%23550.0%
Profit before taxRs m27412355-55.5%-80.0%
TaxRs m592012-39.8%-79.3%
Profit after taxRs m21510343-58.5%-80.2%
Gross profit margin%25.90.0-28.0
Effective tax rate%21.416.322.1
Net profit margin%32.071.415.7
* 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 fell 75.6% on a year-on-year (YoY) basis. The expenses were down by 57.8% YoY during the same period.
  • The company's operating profit declined by 126.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 28.0% in 4QFY18 as against 25.9% in 4QFY17.
  • Depreciation charges and finance costs increased by 1651.4% YoY and 23550.0% YoY, respectively.
  • Other income increased by 4.2% YoY during the quarter.
  • Net profit for the quarter declined by 80.2% YoY. Net profit margins during the quarter declined from 32.0% in 4QFY17 to 15.7% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 712.7% QoQ during the same period.
  • The company's operating profit declined by 77.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 28.0% in 4QFY18 as against 0.0% in 3QFY17.
  • Net profit for the quarter declined by 58.5% QoQ, while net profit margins declined from 71.5% in 3QFY17 to 15.7% in 4QFY18.

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

MARATHON NEXTGEN REALTY LTD Share Price Performance

Over the last one year, MARATHON NEXTGEN REALTY LTD share price has moved up from Rs 326.1 to Rs 147.5, registering a Loss of Rs -178.6 or around 54.8%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,969.6 (up 0.5%). Over the last one year it has moved down from 2,184.4 to 1,969.6, a gain of -214.8 points (down 9.8%).

Overall, the S&P BSE SENSEX is up 0.5% over the year.

Current Valuations

At the current price of Rs 147.5, the price to earnings (P/E) ratio of MARATHON NEXTGEN REALTY LTD stands at 13.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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