AJMERA REALTY Announces Quarterly Results (4QFY19); Net Profit Down 13.5%

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AJMERA REALTY Announces Quarterly Results (4QFY19); Net Profit Down 13.5%
Tue, 21 May

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

AJMERA REALTY Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,2451,0941,22512.1%-1.6%
Other incomeRs m2219140628.6%527.4%
TurnoverRs m1,2671,1131,36522.7%7.7%
ExpensesRs m72769488227.0%21.3%
Gross profitRs m517399343-14.0%-33.6%
DepreciationRs m5664.9%25.5%
InterestRs m127178132-25.8%4.0%
Profit before taxRs m40723434547.3%-15.3%
TaxRs m80456237.2%-22.8%
Profit after taxRs m32718928349.7%-13.5%
Gross profit margin%41.536.528.0
Effective tax rate%19.719.318.0
Net profit margin%25.817.020.7
* 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 fell 1.6% on a year-on-year (YoY) basis. The expenses were up by 21.3% YoY during the same period.
  • The company's operating profit declined by 33.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 28.0% in 4QFY19 as against 41.5% in 4QFY18.
  • Depreciation charges increased by 25.5% and finance costs increased by 4.0% YoY, respectively.
  • Other income increased by 527.4% YoY during the quarter.
  • Net profit for the quarter declined by 13.5% YoY. Net profit margins during the quarter declined from 25.8% in 4QFY18 to 20.7% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 27.0% QoQ during the same period.
  • The company's operating profit declined by 14.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 28.0% in 4QFY19 as against 36.5% in 3QFY18.
  • Net profit for the quarter increased by 49.7% QoQ, while net profit margins increased from 17.0% in 3QFY18 to 20.7% in 4QFY19.

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 240.8 to Rs 165.4, registering a Loss of Rs 75.5 or around 31.3%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,054.6 (down 0.4%). Over the last one year it has moved down from 2,222.6 to 2,054.6, a gain of 168 points (down 7.6%).

Overall, the S&P BSE SENSEX is up 13.9% over the year.

Current Valuations

At the current price of Rs 165.4, the price to earnings (P/E) ratio of AJMERA REALTY stands at 7.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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