SIMPLEX INFRA Announces Quarterly Results (3QFY19); Net Profit Up 16.6%

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SIMPLEX INFRA Announces Quarterly Results (3QFY19); Net Profit Up 16.6%
Wed, 20 Feb

SIMPLEX INFRA has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

SIMPLEX INFRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m13,60114,79114,034-5.1%3.2%
Other incomeRs m21720724016.2%10.5%
TurnoverRs m13,81814,99814,275-4.8%3.3%
ExpensesRs m11,81613,03112,245-6.0%3.6%
Gross profitRs m1,7851,7601,7891.7%0.2%
DepreciationRs m454438407-6.9%-10.3%
InterestRs m1,1471,1821,135-4.0%-1.1%
Profit before taxRs m40134748740.2%21.5%
TaxRs m9010312520.9%38.3%
Profit after taxRs m31124436348.4%16.6%
Gross profit margin%13.111.912.7
Effective tax rate%22.529.725.6
Net profit margin%2.21.62.5
* 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 3.2% on a year-on-year (YoY) basis. The expenses were up by 3.6% YoY during the same period.
  • The company's operating profit increased by 0.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 12.7% in 3QFY19.
  • Depreciation charges declined by 10.3% and finance costs declined by 1.1% YoY, respectively.
  • Other income increased by 10.5% YoY during the quarter.
  • Net profit for the quarter increased by 16.6% YoY. Net profit margins during the quarter increased from 2.2% in 3QFY18 to 2.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.0% QoQ during the same period.
  • The company's operating profit increased by 1.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.7% in 3QFY19 as against 11.9% in 2QFY18.
  • Net profit for the quarter increased by 48.4% QoQ, while net profit margins increased from 1.6% in 2QFY18 to 2.5% in 3QFY19.

To see how SIMPLEX INFRA has performed over the last eight quarters, please visit here.

SIMPLEX INFRA Share Price Performance

Over the last one year, SIMPLEX INFRA share price has moved up from Rs 564.7 to Rs 150.7, registering a Loss of Rs 414.0 or around 73.3%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,788.8 (up 0.5%). Over the last one year it has moved down from 2,422.1 to 1,788.8, a gain of 633 points (down 26.1%).

Overall, the S&P BSE SENSEX is up 5.5% over the year.

Current Valuations

At the current price of Rs 150.7, the price to earnings (P/E) ratio of SIMPLEX INFRA stands at 6.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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