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

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AJMERA REALTY Announces Quarterly Results (3QFY20); Net Profit Down 65.9%
Fri, 7 Feb

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

AJMERA REALTY Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m1,0941,064489-54.0%-55.3%
Other incomeRs m1939230.8%-55.2%
TurnoverRs m1,1131,066498-53.3%-55.3%
ExpensesRs m694692322-53.5%-53.7%
Gross profitRs m399371168-54.9%-58.0%
DepreciationRs m655-2.0%-21.3%
InterestRs m17823292-60.5%-48.7%
Profit before taxRs m23413780-41.9%-65.9%
TaxRs m451915-16.8%-65.9%
Profit after taxRs m18911964-45.8%-65.9%
Gross profit margin%36.534.934.3
Effective tax rate%19.313.519.3
Net profit margin%17.011.212.9
* 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 55.3% on a year-on-year (YoY) basis. The expenses were down by 53.7% YoY during the same period.
  • The company's operating profit declined by 58.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 34.3% in 3QFY20 as against 36.5% in 3QFY19.
  • Depreciation charges declined by 21.3% and finance costs declined by 48.7% YoY, respectively.
  • Other income declined by 55.2% YoY during the quarter.
  • Net profit for the quarter declined by 65.9% YoY. Net profit margins during the quarter declined from 17.0% in 3QFY19 to 12.9% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 54.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 53.5% QoQ during the same period.
  • The company's operating profit declined by 54.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 34.3% in 3QFY20 as against 34.9% in 2QFY19.
  • Net profit for the quarter declined by 45.8% QoQ, while net profit margins increased from 11.2% in 2QFY19 to 12.9% in 3QFY20.

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

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AJMERA REALTY Share Price Performance

Over the last one year,AJMERA REALTY share price has moved down from Rs 170.8 to Rs 130.0, registering a Loss of Rs 40.8 or around 23.9%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,457.7 (down 0.9%). Over the last one year it has moved up from 1,749.9 to 2,457.7, a gain of 708 points (up 40.4%).

Overall, the S&P BSE SENSEX is up 11.5% over the year.

Current Valuations

At the current price of Rs 130.0, the price to earnings (P/E) ratio of AJMERA REALTY stands at 8.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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