SOBHA LIMITED Announces Quarterly Results (1QFY21); Net Profit Down 92.7%

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SOBHA LIMITED Announces Quarterly Results (1QFY21); Net Profit Down 92.7%
Tue, 18 Aug

SOBHA LIMITED has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

SOBHA LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m11,7679,1013,500-61.5%-70.3%
Other incomeRs m16417593-46.9%-43.3%
TurnoverRs m11,9319,2763,593-61.3%-69.9%
ExpensesRs m9,4926,5561,566-76.1%-83.5%
Gross profitRs m2,2752,5451,934-24.0%-15.0%
DepreciationRs m1751881890.5%8.0%
InterestRs m8401,7181,7843.8%112.4%
Profit before taxRs m1,42481454-93.4%-96.2%
TaxRs m518307-12-103.9%-102.3%
Profit after taxRs m90650766-87.0%-92.7%
Gross profit margin%19.328.055.3
Effective tax rate%36.437.7-22.2
Net profit margin%7.65.51.8
* 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 70.3% on a year-on-year (YoY) basis. The expenses were down by 83.5% YoY during the same period.
  • The company's operating profit declined by 15.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 55.3% in 1QFY21 as against 19.3% in 1QFY20.
  • Depreciation charges increased by 8.0% and finance costs increased by 112.4% YoY, respectively.
  • Other income declined by 43.3% YoY during the quarter.
  • Net profit for the quarter declined by 92.7% YoY. Net profit margins during the quarter declined from 7.6% in 1QFY20 to 1.8% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 61.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 76.1% QoQ during the same period.
  • The company's operating profit declined by 24.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 55.3% in 1QFY21 as against 28.0% in 4QFY20.
  • Net profit for the quarter declined by 87.0% QoQ, while net profit margins declined from 5.5% in 4QFY20 to 1.8% in 1QFY21.

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

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SOBHA LIMITED Share Price Performance

Over the last one year,SOBHA LIMITED share price has moved down from Rs 474.2 to Rs 236.3, registering a Loss of Rs 237.9 or around 50.2%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,718.4 (up 4.4%). Over the last one year it has moved down from 2,045.2 to 1,718.4, a gain of 327 points (down 16.0%).

Overall, the S&P BSE SENSEX is up 2.3% over the year.

Current Valuations

At the current price of Rs 236.3, the price to earnings (P/E) ratio of SOBHA LIMITED stands at 11.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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