AJMERA REALTY Announces Quarterly Results (3QFY19); Net Profit Down 10.1%

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AJMERA REALTY Announces Quarterly Results (3QFY19); Net Profit Down 10.1%
Tue, 5 Feb

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

AJMERA REALTY Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m9021,1031,094-0.9%21.3%
Other incomeRs m172819-30.2%12.3%
TurnoverRs m9191,1311,113-1.6%21.1%
ExpensesRs m567776694-10.5%22.6%
Gross profitRs m33432739922.1%19.4%
DepreciationRs m566-3.2%13.0%
InterestRs m8114917820.0%120.8%
Profit before taxRs m26520023417.2%-11.8%
TaxRs m55374521.2%-18.1%
Profit after taxRs m21016218916.3%-10.1%
Gross profit margin%37.129.636.5
Effective tax rate%20.818.719.3
Net profit margin%22.914.417.0
* 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 21.3% on a year-on-year (YoY) basis. The expenses were up by 22.6% YoY during the same period.
  • The company's operating profit increased by 19.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 36.5% in 3QFY19 as against 37.1% in 3QFY18.
  • Depreciation charges increased by 13.0% and finance costs increased by 120.8% YoY, respectively.
  • Other income increased by 12.3% YoY during the quarter.
  • Net profit for the quarter declined by 10.1% YoY. Net profit margins during the quarter declined from 22.9% in 3QFY18 to 17.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 10.5% QoQ during the same period.
  • The company's operating profit increased by 22.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.5% in 3QFY19 as against 29.6% in 2QFY18.
  • Net profit for the quarter increased by 16.3% QoQ, while net profit margins increased from 14.3% in 2QFY18 to 17.0% in 3QFY19.

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 302.9 to Rs 169.0, registering a Loss of Rs 133.9 or around 44.2%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,778.7 (down 0.2%). Over the last one year it has moved down from 2,414.9 to 1,778.7, a gain of 636 points (down 26.3%).

Overall, the S&P BSE SENSEX is up 5.2% over the year.

Current Valuations

At the current price of Rs 169.0, the price to earnings (P/E) ratio of AJMERA REALTY stands at 7.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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