SOBHA LIMITED Announces Quarterly Results (1QFY20); Net Profit Up 72.2%

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SOBHA LIMITED Announces Quarterly Results (1QFY20); Net Profit Up 72.2%
Tue, 13 Aug

SOBHA LIMITED has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

SOBHA LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m6,05814,07211,767-16.4%94.2%
Other incomeRs m4314416413.9%281.4%
TurnoverRs m6,10114,21611,931-16.1%95.6%
ExpensesRs m4,67111,5439,492-17.8%103.2%
Gross profitRs m1,3872,5292,275-10.0%64.0%
DepreciationRs m14915917510.1%17.4%
InterestRs m54175884010.8%55.3%
Profit before taxRs m7401,7561,424-18.9%92.4%
TaxRs m214623518-16.9%142.1%
Profit after taxRs m5261,133906-20.0%72.2%
Gross profit margin%22.918.019.3
Effective tax rate%28.935.536.4
Net profit margin%8.68.07.6
* 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 grew 94.2% on a year-on-year (YoY) basis. The expenses were up by 103.2% YoY during the same period.
  • The company's operating profit increased by 64.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.3% in 1QFY20 as against 22.9% in 1QFY19.
  • Depreciation charges increased by 17.4% and finance costs increased by 55.3% YoY, respectively.
  • Other income increased by 281.4% YoY during the quarter.
  • Net profit for the quarter increased by 72.2% YoY. Net profit margins during the quarter declined from 8.6% in 1QFY19 to 7.6% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 16.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 17.8% QoQ during the same period.
  • The company's operating profit increased by 10.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.3% in 1QFY20 as against 18.0% in 4QFY19.
  • Net profit for the quarter declined by 20.0% QoQ, while net profit margins declined from 8.0% in 4QFY19 to 7.6% in 1QFY20.

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 503.0 to Rs 516.5, registering a Gain of Rs 13.6 or around 2.7%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,048.4 (down 0.0%). Over the last one year it has moved down from 2,089.7 to 2,048.4, a gain of 41 points (down 2.0%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 516.5, the price to earnings (P/E) ratio of SOBHA LIMITED stands at 15.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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