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

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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.

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