PURAVANKARA Announces Quarterly Results (1QFY20); Net Profit Up 65.0%

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PURAVANKARA Announces Quarterly Results (1QFY20); Net Profit Up 65.0%
Mon, 29 Jul

PURAVANKARA has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

PURAVANKARA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m3,8206,4616,301-2.5%64.9%
Other incomeRs m127210155-26.2%22.2%
TurnoverRs m3,9476,6716,456-3.2%63.6%
ExpensesRs m2,8735,1114,856-5.0%69.0%
Gross profitRs m9481,3501,4457.0%52.5%
DepreciationRs m3550525.4%50.1%
InterestRs m6858838921.1%30.2%
Profit before taxRs m3556286554.4%84.8%
TaxRs m81234205-12.4%151.2%
Profit after taxRs m27339445114.4%65.0%
Gross profit margin%24.820.922.9
Effective tax rate%22.937.231.2
Net profit margin%6.95.97.0
* 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 64.9% on a year-on-year (YoY) basis. The expenses were up by 69.0% YoY during the same period.
  • The company's operating profit increased by 52.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.9% in 1QFY20 as against 24.8% in 1QFY19.
  • Depreciation charges increased by 50.1% and finance costs increased by 30.2% YoY, respectively.
  • Other income increased by 22.2% YoY during the quarter.
  • Net profit for the quarter increased by 65.0% YoY. Net profit margins during the quarter increased from 6.9% in 1QFY19 to 7.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.0% QoQ during the same period.
  • The company's operating profit increased by 7.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.9% in 1QFY20 as against 20.9% in 4QFY19.
  • Net profit for the quarter increased by 14.4% QoQ, while net profit margins increased from 5.9% in 4QFY19 to 7.0% in 1QFY20.

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

PURAVANKARA Share Price Performance

Over the last one year,PURAVANKARA share price has moved down from Rs 102.5 to Rs 67.1, registering a Loss of Rs 35.4 or around 34.5%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,100.1 (down 0.7%). Over the last one year it has moved up from 2,068.3 to 2,100.1, a gain of 32 points (up 1.5%).

Overall, the S&P BSE SENSEX is up 2.3% over the year.

Current Valuations

At the current price of Rs 67.1, the price to earnings (P/E) ratio of PURAVANKARA stands at 11.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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