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SOBHA LIMITED Announces Quarterly Results (4QFY19); Net Profit Up 73.2%

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SOBHA LIMITED Announces Quarterly Results (4QFY19); Net Profit Up 73.2%
Tue, 21 May

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

SOBHA LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m7,7757,87914,07278.6%81.0%
Other incomeRs m117198144-27.3%23.1%
TurnoverRs m7,8928,07714,21676.0%80.1%
ExpensesRs m6,3326,28911,54383.5%82.3%
Gross profitRs m1,4431,5902,52959.1%75.3%
DepreciationRs m135161159-1.2%17.8%
InterestRs m51853175842.7%46.3%
Profit before taxRs m9071,0961,75660.2%93.6%
TaxRs m25339862356.5%146.2%
Profit after taxRs m6546981,13362.3%73.2%
Gross profit margin%18.620.218.0
Effective tax rate%27.936.335.5
Net profit margin%8.38.68.0
* 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 81.0% on a year-on-year (YoY) basis. The expenses were up by 82.3% YoY during the same period.
  • The company's operating profit increased by 75.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.0% in 4QFY19 as against 18.6% in 4QFY18.
  • Depreciation charges increased by 17.8% and finance costs increased by 46.3% YoY, respectively.
  • Other income increased by 23.1% YoY during the quarter.
  • Net profit for the quarter increased by 73.2% YoY. Net profit margins during the quarter declined from 8.3% in 4QFY18 to 8.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 78.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 83.5% QoQ during the same period.
  • The company's operating profit declined by 59.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.0% in 4QFY19 as against 20.2% in 3QFY18.
  • Net profit for the quarter increased by 62.3% QoQ, while net profit margins declined from 8.6% in 3QFY18 to 8.0% in 4QFY19.

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 509.4 to Rs 491.1, registering a Loss of Rs 18.3 or around 3.6%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,055.2 (down 0.4%). Over the last one year it has moved down from 2,222.6 to 2,055.2, a gain of 167 points (down 7.5%).

Overall, the S&P BSE SENSEX is up 14.0% over the year.

Current Valuations

At the current price of Rs 491.1, the price to earnings (P/E) ratio of SOBHA LIMITED stands at 16.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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SOBHA LIMITED Announces Quarterly Results (3QFY19); Net Profit Up 30.7% (Quarterly Result Update)

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For the quarter ended December 2018, SOBHA LIMITED has posted a net profit of Rs 698 m (up 30.7% YoY). Sales on the other hand came in at Rs 8 bn (up 13.9% YoY). Read on for a complete analysis of SOBHA LIMITED's quarterly results.

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