PURAVANKARA Announces Quarterly Results (4QFY19); Net Profit Up 47.8%

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PURAVANKARA Announces Quarterly Results (4QFY19); Net Profit Up 47.8%
Tue, 21 May

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

PURAVANKARA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m2,8805,4526,46118.5%124.4%
Other incomeRs m3532052102.5%-40.5%
TurnoverRs m3,2335,6576,67117.9%106.4%
ExpensesRs m2,2774,2375,11120.6%124.4%
Gross profitRs m6021,2151,35011.1%124.2%
DepreciationRs m35345048.4%43.6%
InterestRs m643965883-8.5%37.3%
Profit before taxRs m27842162848.9%125.8%
TaxRs m1114523461.3%1966.4%
Profit after taxRs m26727739442.5%47.8%
Gross profit margin%20.922.320.9
Effective tax rate%4.134.437.2
Net profit margin%8.24.95.9
* 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 124.4% on a year-on-year (YoY) basis. The expenses were up by 124.4% YoY during the same period.
  • The company's operating profit increased by 124.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 20.9% in 4QFY19.
  • Depreciation charges increased by 43.6% and finance costs increased by 37.3% YoY, respectively.
  • Other income declined by 40.5% YoY during the quarter.
  • Net profit for the quarter increased by 47.8% YoY. Net profit margins during the quarter declined from 8.2% in 4QFY18 to 5.9% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 20.6% QoQ during the same period.
  • The company's operating profit declined by 11.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.9% in 4QFY19 as against 22.3% in 3QFY18.
  • Net profit for the quarter increased by 42.5% QoQ, while net profit margins increased from 4.9% in 3QFY18 to 5.9% in 4QFY19.

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 127.2 to Rs 75.0, registering a Loss of Rs 52.2 or around 41.0%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,056.3 (down 0.3%). Over the last one year it has moved down from 2,222.6 to 2,056.3, a gain of 166 points (down 7.5%).

Overall, the S&P BSE SENSEX is up 13.9% over the year.

Current Valuations

At the current price of Rs 75.0, the price to earnings (P/E) ratio of PURAVANKARA stands at 15.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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For the quarter ended June 2019, PURAVANKARA has posted a net profit of Rs 451 m (up 65.0% YoY). Sales on the other hand came in at Rs 6 bn (up 64.9% YoY). Read on for a complete analysis of PURAVANKARA's quarterly results.

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