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PURAVANKARA Announces Quarterly Results (3QFY19); Net Profit Up 7.8%

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PURAVANKARA Announces Quarterly Results (3QFY19); Net Profit Up 7.8%
Fri, 15 Feb

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

PURAVANKARA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m4,4014,7725,45214.3%23.9%
Other incomeRs m148221205-7.3%38.2%
TurnoverRs m4,5494,9935,65713.3%24.3%
ExpensesRs m3,4933,8814,2379.2%21.3%
Gross profitRs m9088911,21536.4%33.8%
DepreciationRs m3833343.1%-10.9%
InterestRs m63574896529.0%52.1%
Profit before taxRs m38433142127.1%9.6%
TaxRs m12811514526.5%13.2%
Profit after taxRs m25721727727.5%7.8%
Gross profit margin%20.618.722.3
Effective tax rate%33.334.634.4
Net profit margin%5.64.34.9
* 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 23.9% on a year-on-year (YoY) basis. The expenses were up by 21.3% YoY during the same period.
  • The company's operating profit increased by 33.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.3% in 3QFY19 as against 20.6% in 3QFY18.
  • Depreciation charges declined by 10.9% and finance costs increased by 52.1% YoY, respectively.
  • Other income increased by 38.2% YoY during the quarter.
  • Net profit for the quarter increased by 7.8% YoY. Net profit margins during the quarter declined from 5.6% in 3QFY18 to 4.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 14.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.2% QoQ during the same period.
  • The company's operating profit increased by 36.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.3% in 3QFY19 as against 18.7% in 2QFY18.
  • Net profit for the quarter increased by 27.5% QoQ, while net profit margins increased from 4.3% in 2QFY18 to 4.9% in 3QFY19.

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 142.7 to Rs 68.5, registering a Loss of Rs 74.2 or around 52.0%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,737.2 (down 0.4%). Over the last one year it has moved down from 2,501.4 to 1,737.2, a gain of 764 points (down 30.6%).

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 68.5, the price to earnings (P/E) ratio of PURAVANKARA stands at 15.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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