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SOBHA LIMITED Announces Quarterly Results (1QFY19); Net Profit Up 10.3%

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SOBHA LIMITED Announces Quarterly Results (1QFY19); Net Profit Up 10.3%
Fri, 10 Aug

SOBHA LIMITED has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

SOBHA LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m6,8777,7756,058-22.1%-11.9%
Other incomeRs m911743-63.2%377.8%
TurnoverRs m6,8867,8926,101-22.7%-11.4%
ExpensesRs m5,5746,3324,671-26.2%-16.2%
Gross profitRs m1,3031,4431,387-3.9%6.4%
DepreciationRs m13513514910.4%10.4%
InterestRs m4495185414.4%20.5%
Profit before taxRs m728907740-18.4%1.6%
TaxRs m251253214-15.4%-14.7%
Profit after taxRs m477654526-19.6%10.3%
Gross profit margin%18.918.622.9
Effective tax rate%34.527.928.9
Net profit margin%6.98.38.6
* 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 11.9% on a year-on-year (YoY) basis. The expenses were down by 16.2% YoY during the same period.
  • The company's operating profit increased by 6.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.9% in 1QFY19 as against 18.9% in 1QFY18.
  • Depreciation charges and finance costs increased by 10.4% YoY and 20.5% YoY, respectively.
  • Other income increased by 377.8% YoY during the quarter.
  • Net profit for the quarter increased by 10.3% YoY. Net profit margins during the quarter increased from 6.9% in 1QFY18 to 8.6% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 22.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 26.2% QoQ during the same period.
  • The company's operating profit increased by 3.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.9% in 1QFY19 as against 18.6% in 4QFY18.
  • Net profit for the quarter declined by 19.6% QoQ, while net profit margins increased from 8.3% in 4QFY18 to 8.6% in 1QFY19.

To see how SOBHA LIMITED has performed over the last eight quarters, please visit here.

SOBHA LIMITED Share Price Performance

Over the last one year, SOBHA LIMITED share price has moved up from Rs 361.0 to Rs 527.3, registering a Gain of Rs 166.3 or around 46.1%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,104.9 (down 0.2%). Over the last one year it has moved up from 1,987.0 to 2,104.9, a gain of 118 points (up 5.9%).

Overall, the S&P BSE SENSEX is up 19.1% over the year.

Current Valuations

At the current price of Rs 527.3, the price to earnings (P/E) ratio of SOBHA LIMITED stands at 23.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

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