SOBHA LIMITED Announces Quarterly Results (2QFY20); Net Profit Up 9.1%

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SOBHA LIMITED Announces Quarterly Results (2QFY20); Net Profit Up 9.1%
Tue, 12 Nov

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

SOBHA LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m6,70011,7677,839-33.4%17.0%
Other incomeRs m6216419921.3%221.0%
TurnoverRs m6,76211,9318,038-32.6%18.9%
ExpensesRs m5,1859,4925,265-44.5%1.5%
Gross profitRs m1,5152,2752,57413.1%69.9%
DepreciationRs m1541751781.7%15.6%
InterestRs m5328401,66798.5%213.3%
Profit before taxRs m8911,424928-34.8%4.2%
TaxRs m277518258-50.2%-6.9%
Profit after taxRs m614906670-26.0%9.1%
Gross profit margin%22.619.332.8
Effective tax rate%31.136.427.8
Net profit margin%9.17.68.3
* 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 17.0% on a year-on-year (YoY) basis. The expenses were up by 1.5% YoY during the same period.
  • The company's operating profit increased by 69.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.8% in 2QFY20 as against 22.6% in 2QFY19.
  • Depreciation charges increased by 15.6% and finance costs increased by 213.3% YoY, respectively.
  • Other income increased by 221.0% YoY during the quarter.
  • Net profit for the quarter increased by 9.1% YoY. Net profit margins during the quarter declined from 9.1% in 2QFY19 to 8.3% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 33.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 44.5% QoQ during the same period.
  • The company's operating profit increased by 13.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.8% in 2QFY20 as against 19.3% in 1QFY19.
  • Net profit for the quarter declined by 26.0% QoQ, while net profit margins increased from 7.6% in 1QFY19 to 8.3% in 2QFY20.

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 449.9 to Rs 427.4, registering a Loss of Rs 22.5 or around 5.0%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,171.0 (up 0.8%). Over the last one year it has moved up from 1,734.5 to 2,171.0, a gain of 436 points (up 25.2%).

Overall, the S&P BSE SENSEX is up 15.9% over the year.

Current Valuations

At the current price of Rs 427.4, the price to earnings (P/E) ratio of SOBHA LIMITED stands at 12.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

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