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

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?  

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.

SHOCKING: Ex-Swiss Investment Banker's Lucrative Income Generating Secret

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.

Equitymaster requests your view! Post a comment on "AJMERA REALTY Announces Quarterly Results (3QFY20); Net Profit Down 65.9%". Click here!

  

Related Views on News

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 (1QFY20); Net Profit Down 17.1% (Quarterly Result Update)

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, AJMERA REALTY has posted a net profit of Rs 103 m (down 17.1% YoY). Sales on the other hand came in at Rs 949 m (up 141.2% YoY). Read on for a complete analysis of AJMERA REALTY's quarterly results.

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.

More Views on News

Most Popular

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.

It's Time to Book Profits(Fast Profits Daily)

Nov 27, 2020

In my first video on Equitymaster, I want to introduce you my proprietary greed and fear index. It's telling us to book some profits in the market.

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?

Create Wealth for Yourself in India's Drone Revolution(Profit Hunter)

Nov 27, 2020

The Chinese drone market is 14 times that of India's. Billions may flow into Indian drone companies too. Don't miss out on this wealth creating opportunity.

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


Dec 4, 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 - IVRCL COMPARISON

COMPARE AJMERA REALTY WITH

MARKET STATS