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SOBHA LIMITED Announces Quarterly Results (2QFY19); Net Profit Up 22.1%

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SOBHA LIMITED Announces Quarterly Results (2QFY19); Net Profit Up 22.1%
Mon, 12 Nov

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

SOBHA LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m6,4666,0586,70010.6%3.6%
Other incomeRs m112436244.2%-44.6%
TurnoverRs m6,5786,1016,76210.8%2.8%
ExpensesRs m5,2184,6715,18511.0%-0.6%
Gross profitRs m1,2481,3871,5159.2%21.4%
DepreciationRs m1371491543.4%12.4%
InterestRs m513541532-1.7%3.7%
Profit before taxRs m71074089120.4%25.5%
TaxRs m20721427729.4%33.8%
Profit after taxRs m50352661416.7%22.1%
Gross profit margin%19.322.922.6
Effective tax rate%29.228.931.1
Net profit margin%7.68.69.1
* 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 3.6% on a year-on-year (YoY) basis. The expenses were down by 0.6% YoY during the same period.
  • The company's operating profit increased by 21.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.6% in 2QFY19 as against 19.3% in 2QFY18.
  • Depreciation charges increased by 12.4% and finance costs increased by 3.7% YoY, respectively.
  • Other income declined by 44.6% YoY during the quarter.
  • Net profit for the quarter increased by 22.1% YoY. Net profit margins during the quarter increased from 7.6% in 2QFY18 to 9.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.0% QoQ during the same period.
  • The company's operating profit declined by 9.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.6% in 2QFY19 as against 22.9% in 1QFY18.
  • Net profit for the quarter increased by 16.7% QoQ, while net profit margins increased from 8.6% in 1QFY18 to 9.1% in 2QFY19.

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 513.4 to Rs 469.4, registering a Loss of Rs 44.0 or around 8.6%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,747.4 (down 0.9%). Over the last one year it has moved down from 2,307.9 to 1,747.4, a gain of 561 points (down 24.3%).

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 469.4, the price to earnings (P/E) ratio of SOBHA LIMITED stands at 19.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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