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PURAVANKARA Announces Quarterly Results (2QFY19); Net Profit Up 0.7%

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PURAVANKARA Announces Quarterly Results (2QFY19); Net Profit Up 0.7%
Mon, 12 Nov

PURAVANKARA has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

PURAVANKARA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,4843,8204,77224.9%37.0%
Other incomeRs m23212722174.2%-4.7%
TurnoverRs m3,7153,9474,99326.5%34.4%
ExpensesRs m2,7402,8733,88135.1%41.6%
Gross profitRs m744948891-6.0%19.8%
DepreciationRs m383533-6.9%-15.1%
InterestRs m6066857489.2%23.5%
Profit before taxRs m331355331-6.6%0.1%
TaxRs m1168111540.7%-1.2%
Profit after taxRs m215273217-20.6%0.7%
Gross profit margin%21.324.818.7
Effective tax rate%35.022.934.6
Net profit margin%5.86.94.3
* 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 37.0% on a year-on-year (YoY) basis. The expenses were up by 41.6% YoY during the same period.
  • The company's operating profit increased by 19.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.7% in 2QFY19 as against 21.3% in 2QFY18.
  • Depreciation charges declined by 15.1% and finance costs increased by 23.5% YoY, respectively.
  • Other income declined by 4.7% YoY during the quarter.
  • Net profit for the quarter increased by 0.7% YoY. Net profit margins during the quarter declined from 5.8% in 2QFY18 to 4.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 24.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 35.1% QoQ during the same period.
  • The company's operating profit declined by 6.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.7% in 2QFY19 as against 24.8% in 1QFY18.
  • Net profit for the quarter declined by 20.6% QoQ, while net profit margins declined from 6.9% in 1QFY18 to 4.3% in 2QFY19.

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 up from Rs 97.7 to Rs 73.9, registering a Loss of Rs 23.8 or around 24.4%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,746.4 (down 0.9%). Over the last one year it has moved down from 2,307.9 to 1,746.4, a gain of 561 points (down 24.3%).

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 73.9, the price to earnings (P/E) ratio of PURAVANKARA stands at 17.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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