REL.INDUS.INFRAS Announces Quarterly Results (2QFY19); Net Profit Down 21.8%

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REL.INDUS.INFRAS Announces Quarterly Results (2QFY19); Net Profit Down 21.8%
Tue, 16 Oct

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

REL.INDUS.INFRAS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1992122130.4%7.2%
Other incomeRs m3937394.4%-1.2%
TurnoverRs m2382492521.0%5.8%
ExpensesRs m162184184-0.2%13.6%
Gross profitRs m3728294.3%-21.2%
DepreciationRs m3535361.6%2.1%
InterestRs m0000.0%0.0%
Profit before taxRs m4130327.6%-21.8%
TaxRs m1411114.4%-21.8%
Profit after taxRs m2719219.4%-21.8%
Gross profit margin%18.413.013.5
Effective tax rate%34.735.834.7
Net profit margin%11.37.78.3
* 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 7.2% on a year-on-year (YoY) basis. The expenses were up by 13.6% YoY during the same period.
  • The company's operating profit declined by 21.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.5% in 2QFY19 as against 18.4% in 2QFY18.
  • Depreciation charges and finance costs increased by 2.1% YoY and 0.0% YoY, respectively.
  • Other income declined by 1.2% YoY during the quarter.
  • Net profit for the quarter declined by 21.8% YoY. Net profit margins during the quarter declined from 11.3% in 2QFY18 to 8.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.2% QoQ during the same period.
  • The company's operating profit increased by 4.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.5% in 2QFY19 as against 13.0% in 1QFY18.
  • Net profit for the quarter increased by 9.4% QoQ, while net profit margins increased from 7.6% in 1QFY18 to 8.3% in 2QFY19.

To see how REL.INDUS.INFRAS has performed over the last eight quarters, please visit here.

REL.INDUS.INFRAS Share Price Performance

Over the last one year, REL.INDUS.INFRAS share price has moved down from Rs 510.0 to Rs 346.0, registering a Loss of Rs 164.0 or around 32.2%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,640.8 (up 1.2%). Over the last one year it has moved down from 2,154.7 to 1,640.8, a loss of 514 points (down 23.8%).

Overall, the S&P BSE SENSEX is up 7.8% over the year.

Current Valuations

At the current price of Rs 346.0, the price to earnings (P/E) ratio of REL.INDUS.INFRAS stands at 56.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

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Oct 16, 2019 02:33 PM

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