X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
UNITECH Announces Quarterly Results (2QFY19); Net Profit Down 189.8%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

UNITECH Announces Quarterly Results (2QFY19); Net Profit Down 189.8%
Tue, 27 Nov

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

UNITECH Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m2,40876394624.0%-60.7%
Other incomeRs m881754226.9%-38.7%
TurnoverRs m2,4967791,00028.3%-59.9%
ExpensesRs m2,7807651,571105.4%-43.5%
Gross profitRs m2,576-2-624-124.2%
DepreciationRs m21881.1%-60.6%
InterestRs m1,091736726-1.3%-33.4%
Profit before taxRs m1,553-730-1,305-184.0%
TaxRs m96040.0%-95.7%
Profit after taxRs m1,457-730-1,309-189.8%
Gross profit margin%107.0-0.3-66.0
Effective tax rate%6.20.0-0.3
Net profit margin%58.4-93.6-130.8
* 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 60.7% on a year-on-year (YoY) basis. The expenses were down by 43.5% YoY during the same period.
  • The company's operating profit declined by 124.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 66.0% in 2QFY19 as against 107.0% in 2QFY18.
  • Depreciation charges declined by 60.6% and finance costs declined by 33.4% YoY, respectively.
  • Other income declined by 38.7% YoY during the quarter.
  • Net profit for the quarter declined by 189.8% YoY. Net profit margins during the quarter declined from 58.4% in 2QFY18 to -130.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 24.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 105.4% QoQ during the same period.
  • The company's operating profit declined by 32589.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 66.0% in 2QFY19 as against 0.3% in 1QFY18.
  • Net profit for the quarter declined by 79.4% QoQ, while net profit margins declined from -93.7% in 1QFY18 to -130.8% in 2QFY19.

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

UNITECH Share Price Performance

Over the last one year, UNITECH share price has moved up from Rs 6.3 to Rs 2.1, registering a Loss of Rs 4.1 or around 66.1%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,774.7 (up 0.9%). Over the last one year it has moved down from 2,415.1 to 1,774.7, a gain of 640 points (down 26.5%).

Overall, the S&P BSE SENSEX is up 5.2% over the year.

Current Valuations

At the current price of Rs 2.1, the price to book value (P/BV) ratio of UNITECH stands at 0.1 times.

Equitymaster requests your view! Post a comment on "UNITECH Announces Quarterly Results (2QFY19); Net Profit Down 189.8%". Click here!

  

Related Views on News

UNITECH Announces Quarterly Results (3QFY19); Net Profit Down 218.0% (Quarterly Result Update)

Feb 20, 2019 | Updated on Feb 20, 2019

For the quarter ended December 2018, UNITECH has posted a net profit of Rs 978 m (down 218.0% YoY). Sales on the other hand came in at Rs 508 m (down 90.6% YoY). Read on for a complete analysis of UNITECH's quarterly results.

UNITECH Announces Quarterly Results (4QFY18); Net Profit Up 244.5% (Quarterly Result Update)

Jun 13, 2018 | Updated on Jun 13, 2018

For the quarter ended March 2018, UNITECH has posted a net profit of Rs 10 bn (up 244.5% YoY). Sales on the other hand came in at Rs 10 bn (up 109.9% YoY). Read on for a complete analysis of UNITECH's quarterly results.

IRCON International IPO: Is This PSU Worth Betting On? (IPO)

Sep 17, 2018

Should you subscribe to the IPO of IRCON International Ltd?

Capacit'e Infraprojects Ltd. (IPO)

Sep 12, 2017

Should you subscribe to the IPO of Capacit'e Infraprojects Ltd?

Bharat Road Network Ltd. (IPO)

Sep 5, 2017

Should you subscribe to the IPO of Bharat Road Network Ltd?

More Views on News

Most Popular

The One Real Estate Stock to Buy Now(The 5 Minute Wrapup)

Feb 13, 2019

The real estate sector is ready to make a comeback. This is the stock to consider buying.

Don't Be Afraid of the Market; Buy Stocks Like This One(The 5 Minute Wrapup)

Feb 14, 2019

During this tough period in the market, a contrarian approach holds huge potential upside for this Smart Money Secrets stock.

Small Caps Under Seige: Could This Be A Once-in-a-Decade Wealth Creating Opportunity?(Profit Hunter)

Feb 14, 2019

Don't let the dark clouds hovering over small caps scare you into hiding; it will rain gold as sentiments recover. Indeed, there is a blood bath. And if you are a first time investor, the correction is deep enough to scare you out of markets.

The 4-Point Plan to Accelerate India to a 10 Trillion Dollar Economy(The 5 Minute Wrapup)

Feb 12, 2019

Two questions I have been eagerly waiting to ask you ever since Budget 2019 was announced.

The Train to 'Small-Cap-Profits Land' is Back on the Station!(Profit Hunter)

Feb 15, 2019

Why its great news that prices for small caps over the last few days have been falling like there's no tomorrow.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

UNITECH SHARE PRICE


Feb 22, 2019 (Close)

TRACK UNITECH

  • Track your investment in UNITECH with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

COMPARE UNITECH WITH

MARKET STATS