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AJMERA REALTY Announces Quarterly Results (1QFY19); Net Profit Down 12.2%

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AJMERA REALTY Announces Quarterly Results (1QFY19); Net Profit Down 12.2%
Mon, 30 Jul

AJMERA REALTY has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

AJMERA REALTY Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m8901,245393-68.4%-55.8%
Other incomeRs m14228-63.7%-41.7%
TurnoverRs m9041,267401-68.3%-55.6%
ExpensesRs m525727192-73.7%-63.5%
Gross profitRs m347517197-61.8%-43.1%
DepreciationRs m10553.9%-47.0%
InterestRs m16012744-65.5%-72.6%
Profit before taxRs m191407156-61.6%-18.0%
TaxRs m508033-59.5%-34.6%
Profit after taxRs m141327124-62.1%-12.2%
Gross profit margin%39.041.550.2
Effective tax rate%26.119.720.8
Net profit margin%15.625.830.8
* 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 fell 55.8% on a year-on-year (YoY) basis. The expenses were down by 63.5% YoY during the same period.
  • The company's operating profit declined by 43.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 50.2% in 1QFY19 as against 39.0% in 1QFY18.
  • Depreciation charges and finance costs declined by 47.0% YoY and 72.6% YoY, respectively.
  • Other income declined by 41.7% YoY during the quarter.
  • Net profit for the quarter declined by 12.2% YoY. Net profit margins during the quarter increased from 15.6% in 1QFY18 to 30.8% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 68.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 73.7% QoQ during the same period.
  • The company's operating profit increased by 61.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 50.2% in 1QFY19 as against 41.5% in 4QFY18.
  • Net profit for the quarter declined by 62.1% QoQ, while net profit margins increased from 25.8% in 4QFY18 to 30.8% in 1QFY19.

To see how AJMERA REALTY has performed over the last eight quarters, please visit here.

AJMERA REALTY Share Price Performance

Over the last one year, AJMERA REALTY share price has moved up from Rs 202.7 to Rs 208.5, registering a Gain of Rs 5.9 or around 2.9%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,072.1 (up 0.2%). Over the last one year it has moved down from 2,169.2 to 2,072.1, a gain of 97 points (down 4.5%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 208.5, the price to earnings (P/E) ratio of AJMERA REALTY stands at 9.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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