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

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UNITECH Announces Quarterly Results (3QFY19); Net Profit Down 218.0%
Wed, 20 Feb

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

UNITECH Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m5,380946508-46.3%-90.6%
Other incomeRs m1055414-74.3%-86.7%
TurnoverRs m5,4851,000522-47.8%-90.5%
ExpensesRs m4,8891,571727-53.7%-85.1%
Gross profitRs m1,773-624-218-112.3%
DepreciationRs m1887-19.5%-61.8%
InterestRs m9377267645.3%-18.4%
Profit before taxRs m923-1,305-976-205.7%
TaxRs m9442-48.1%-97.7%
Profit after taxRs m829-1,309-978-218.0%
Gross profit margin%32.9-66.0-43.0
Effective tax rate%10.2-0.3-0.2
Net profit margin%15.1-130.8-187.3
* 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 fell 90.6% on a year-on-year (YoY) basis. The expenses were down by 85.1% YoY during the same period.
  • The company's operating profit declined by 112.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 43.0% in 3QFY19 as against 32.9% in 3QFY18.
  • Depreciation charges declined by 61.8% and finance costs declined by 18.4% YoY, respectively.
  • Other income declined by 86.7% YoY during the quarter.
  • Net profit for the quarter declined by 218.0% YoY. Net profit margins during the quarter declined from 15.1% in 3QFY18 to -187.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 46.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 53.7% QoQ during the same period.
  • The company's operating profit increased by 65.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 43.0% in 3QFY19 as against 66.0% in 2QFY18.
  • Net profit for the quarter increased by 25.3% QoQ, while net profit margins declined from -130.9% in 2QFY18 to -187.3% in 3QFY19.

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 7.3 to Rs 1.2, registering a Loss of Rs 6.1 or around 83.1%.

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 1.2, the price to book value (P/BV) ratio of UNITECH stands at 0.0 times.

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