AJMERA REALTY Announces Quarterly Results (1QFY20); Net Profit Down 17.1%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Markets will remain closed on 30th November, 2020 on account of Guru Nanak Jayanti.

AJMERA REALTY Announces Quarterly Results (1QFY20); Net Profit Down 17.1%
Tue, 13 Aug

AJMERA REALTY has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

AJMERA REALTY Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m3931,225949-22.6%141.2%
Other incomeRs m81409-93.7%8.6%
TurnoverRs m4011,365957-29.9%138.5%
ExpensesRs m192882621-29.6%224.0%
Gross profitRs m197343328-4.5%66.1%
DepreciationRs m565-23.4%-7.5%
InterestRs m4413219446.5%342.2%
Profit before taxRs m156345138-60.0%-11.7%
TaxRs m336235-42.9%8.9%
Profit after taxRs m124283103-63.7%-17.1%
Gross profit margin%50.228.034.6
Effective tax rate%20.818.025.7
Net profit margin%30.820.710.7
* 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 141.2% on a year-on-year (YoY) basis. The expenses were up by 224.0% YoY during the same period.
  • The company's operating profit increased by 66.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 34.6% in 1QFY20 as against 50.2% in 1QFY19.
  • Depreciation charges declined by 7.5% and finance costs increased by 342.2% YoY, respectively.
  • Other income increased by 8.6% YoY during the quarter.
  • Net profit for the quarter declined by 17.1% YoY. Net profit margins during the quarter declined from 30.8% in 1QFY19 to 10.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 22.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 29.6% QoQ during the same period.
  • The company's operating profit increased by 4.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 34.6% in 1QFY20 as against 28.0% in 4QFY19.
  • Net profit for the quarter declined by 63.7% QoQ, while net profit margins declined from 20.7% in 4QFY19 to 10.7% in 1QFY20.

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 down from Rs 199.4 to Rs 127.0, registering a Loss of Rs 72.4 or around 36.3%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,049.6 (up 0.0%). Over the last one year it has moved down from 2,089.7 to 2,049.6, a gain of 40 points (down 1.9%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 127.0, the price to earnings (P/E) ratio of AJMERA REALTY stands at 6.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

Equitymaster requests your view! Post a comment on "AJMERA REALTY Announces Quarterly Results (1QFY20); Net Profit Down 17.1%". Click here!

  

Related Views on News

AJMERA REALTY Announces Quarterly Results (3QFY20); Net Profit Down 65.9% (Quarterly Result Update)

Feb 7, 2020 | Updated on Feb 7, 2020

For the quarter ended December 2019, AJMERA REALTY has posted a net profit of Rs 64 m (down 65.9% YoY). Sales on the other hand came in at Rs 489 m (down 55.3% YoY). Read on for a complete analysis of AJMERA REALTY's quarterly results.

Mindspace Business Parks REIT IPO - Should You Apply? (IPO)

Jul 27, 2020

Should you apply for the IPO of Mindspace Business Parks REIT?

AJMERA REALTY 2018-19 Annual Report Analysis (Annual Result Update)

Sep 24, 2019 | Updated on Sep 24, 2019

Here's an analysis of the annual report of AJMERA REALTY for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of AJMERA REALTY. Also includes updates on the valuation of AJMERA REALTY.

AJMERA REALTY Announces Quarterly Results (4QFY19); Net Profit Down 13.5% (Quarterly Result Update)

May 21, 2019 | Updated on May 21, 2019

For the quarter ended March 2019, AJMERA REALTY has posted a net profit of Rs 283 m (down 13.5% YoY). Sales on the other hand came in at Rs 1 bn (down 1.6% YoY). Read on for a complete analysis of AJMERA REALTY's quarterly results.

AJMERA REALTY 2017-18 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

Here's an analysis of the annual report of AJMERA REALTY for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of AJMERA REALTY. Also includes updates on the valuation of AJMERA REALTY.

More Views on News

Most Popular

Stocks that Could Shine More than Gold After Diwali(Profit Hunter)

Nov 17, 2020

If the markets become volatile over the next few months, do this.

Not Infosys or Wipro. India's Next Wealth Creators Could Be Drone Stocks(Profit Hunter)

Nov 25, 2020

India's drones directorate signals the next big defence tech multibaggers.

How the New Margins Will Impact You(Fast Profits Daily)

Nov 25, 2020

The new rules on margins will come into effect from 1st December. Are you ready?

How to Build the Best Trading System(Fast Profits Daily)

Nov 20, 2020

In this video, I'll show you how to make the best trading system.

An Eraser and Some Pencils(The Honest Truth)

Nov 17, 2020

Ajit Dayal on the road ahead for the world after covid.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

AJMERA REALTY SHARE PRICE


Nov 27, 2020 (Close)

TRACK AJMERA REALTY

  • Track your investment in AJMERA REALTY with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

AJMERA REALTY 8-QTR ANALYSIS

COMPARE AJMERA REALTY WITH

MARKET STATS