SPML INFRA Announces Quarterly Results (2QFY19); Net Profit Up 70.5%

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SPML INFRA Announces Quarterly Results (2QFY19); Net Profit Up 70.5%
Tue, 27 Nov

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

SPML INFRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,9763,2714,00522.4%102.7%
Other incomeRs m767713980.6%83.9%
TurnoverRs m2,0523,3484,14523.8%102.0%
ExpensesRs m1,5722,7923,57027.9%127.1%
Gross profitRs m404479435-9.1%7.7%
DepreciationRs m191514-7.7%-26.6%
InterestRs m3613863870.2%7.3%
Profit before taxRs m10015417312.2%73.8%
TaxRs m1831348.9%88.8%
Profit after taxRs m8212313913.0%70.5%
Gross profit margin%20.414.610.9
Effective tax rate%18.120.219.6
Net profit margin%4.03.73.4
* 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 102.7% on a year-on-year (YoY) basis. The expenses were up by 127.1% YoY during the same period.
  • The company's operating profit increased by 7.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.9% in 2QFY19 as against 20.4% in 2QFY18.
  • Depreciation charges declined by 26.6% and finance costs increased by 7.3% YoY, respectively.
  • Other income increased by 83.9% YoY during the quarter.
  • Net profit for the quarter increased by 70.5% YoY. Net profit margins during the quarter declined from 4.0% in 2QFY18 to 3.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 22.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 27.9% QoQ during the same period.
  • The company's operating profit declined by 9.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.9% in 2QFY19 as against 14.6% in 1QFY18.
  • Net profit for the quarter increased by 13.0% QoQ, while net profit margins declined from 3.7% in 1QFY18 to 3.4% in 2QFY19.

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

SPML INFRA Share Price Performance

Over the last one year, SPML INFRA share price has moved up from Rs 156.6 to Rs 48.4, registering a Loss of Rs 108.2 or around 69.1%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,772.8 (up 0.8%). Over the last one year it has moved down from 2,415.1 to 1,772.8, a gain of 642 points (down 26.6%).

Overall, the S&P BSE SENSEX is up 5.1% over the year.

Current Valuations

At the current price of Rs 48.4, the price to earnings (P/E) ratio of SPML INFRA stands at 3.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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