AJMERA REALTY Announces Quarterly Results (2QFY19); Net Profit Up 11.9%

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AJMERA REALTY Announces Quarterly Results (2QFY19); Net Profit Up 11.9%
Mon, 12 Nov

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

AJMERA REALTY Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m7603931,103180.5%45.2%
Other incomeRs m19828239.5%47.1%
TurnoverRs m7794011,131181.7%45.2%
ExpensesRs m494192776304.9%57.0%
Gross profitRs m26419732765.7%24.0%
DepreciationRs m75618.9%-8.7%
InterestRs m9544149239.0%55.8%
Profit before taxRs m18015620027.7%10.8%
TaxRs m35333714.8%6.3%
Profit after taxRs m14512416231.1%11.9%
Gross profit margin%34.750.229.6
Effective tax rate%19.520.818.7
Net profit margin%18.630.814.4
* 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 45.2% on a year-on-year (YoY) basis. The expenses were up by 57.0% YoY during the same period.
  • The company's operating profit increased by 24.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 29.6% in 2QFY19 as against 34.7% in 2QFY18.
  • Depreciation charges declined by 8.7% and finance costs increased by 55.8% YoY, respectively.
  • Other income increased by 47.1% YoY during the quarter.
  • Net profit for the quarter increased by 11.9% YoY. Net profit margins during the quarter declined from 18.6% in 2QFY18 to 14.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 180.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 304.9% QoQ during the same period.
  • The company's operating profit declined by 65.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 29.6% in 2QFY19 as against 50.2% in 1QFY18.
  • Net profit for the quarter increased by 31.1% QoQ, while net profit margins declined from 30.9% in 1QFY18 to 14.4% in 2QFY19.

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 291.9 to Rs 166.9, registering a Loss of Rs 125.1 or around 42.8%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,747.4 (down 0.9%). Over the last one year it has moved down from 2,307.9 to 1,747.4, a gain of 561 points (down 24.3%).

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 166.9, the price to earnings (P/E) ratio of AJMERA REALTY stands at 7.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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