PRAJAY ENGG. Announces Quarterly Results (3QFY19); Net Profit Up 73.2%

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PRAJAY ENGG. Announces Quarterly Results (3QFY19); Net Profit Up 73.2%
Wed, 20 Feb

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

PRAJAY ENGG. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m8444273520.4%223.9%
Other incomeRs m1113134.8%17.1%
TurnoverRs m9657286405.3%199.4%
ExpensesRs m9056248346.1%174.9%
Gross profitRs m-6-1225
DepreciationRs m1210111.4%-13.8%
InterestRs m474947-4.3%0.4%
Profit before taxRs m-54-58-19
TaxRs m33-4-240.2%-211.8%
Profit after taxRs m-57-61-15
Gross profit margin%-7.0-26.39.2
Effective tax rate%-6.5-4.720.2
Net profit margin%-59.7-107.9-5.3
* 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 223.9% on a year-on-year (YoY) basis. The expenses were up by 174.9% YoY during the same period.
  • The company's operating profit declined by 523.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.2% in 3QFY19 as against 7.0% in 3QFY18.
  • Depreciation charges declined by 13.8% and finance costs increased by 0.4% YoY, respectively.
  • Other income increased by 17.1% YoY during the quarter.
  • Net profit for the quarter increased by 73.2% YoY. Net profit margins during the quarter increased from -59.7% in 3QFY18 to -5.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 520.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 346.1% QoQ during the same period.
  • The company's operating profit increased by 316.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.2% in 3QFY19 as against 26.3% in 2QFY18.
  • Net profit for the quarter increased by 75.0% QoQ, while net profit margins increased from -107.0% in 2QFY18 to -5.3% in 3QFY19.

To see how PRAJAY ENGG. has performed over the last eight quarters, please visit here.

PRAJAY ENGG. Share Price Performance

Over the last one year, PRAJAY ENGG. share price has moved up from Rs 12.3 to Rs 9.0, registering a Loss of Rs 3.3 or around 26.8%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,788.8 (up 0.5%). Over the last one year it has moved down from 2,422.1 to 1,788.8, 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 9.0, the price to book value (P/BV) ratio of PRAJAY ENGG. stands at 0.1 times.

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