UNITECH Announces Quarterly Results (4QFY19); Net Profit Up 63.4%

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UNITECH Announces Quarterly Results (4QFY19); Net Profit Up 63.4%
Mon, 22 Jul

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

UNITECH Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m9,8135082,863463.3%-70.8%
Other incomeRs m-37141811198.6%
TurnoverRs m9,7765223,044482.9%-68.9%
ExpensesRs m10,3757274,467514.6%-56.9%
Gross profitRs m-9,606-218-2,291
DepreciationRs m28722220.2%-22.9%
InterestRs m6687642,042167.2%205.7%
Profit before taxRs m-10,339-976-4,174
TaxRs m-3412-517-24151.2%
Profit after taxRs m-9,998-978-3,657
Gross profit margin%-97.9-43.0-80.0
Effective tax rate%3.3-0.212.4
Net profit margin%-102.3-187.3-120.2
* 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 70.8% on a year-on-year (YoY) basis. The expenses were down by 56.9% YoY during the same period.
  • The company's operating profit declined by 76.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 80.0% in 4QFY19 as against 97.9% in 4QFY18.
  • Depreciation charges declined by 22.9% and finance costs increased by 205.7% YoY, respectively.
  • Other income declined by 583.6% YoY during the quarter.
  • Net profit for the quarter increased by 63.4% YoY. Net profit margins during the quarter declined from -102.3% in 4QFY18 to -120.2% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 463.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 514.6% QoQ during the same period.
  • The company's operating profit declined by 948.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 80.0% in 4QFY19 as against 43.0% in 3QFY18.
  • Net profit for the quarter declined by 274.0% QoQ, while net profit margins increased from -187.4% in 3QFY18 to -120.2% in 4QFY19.

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 down from Rs 4.0 to Rs 1.1, registering a Loss of Rs 3.0 or around 74.0%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,119.6 (down 1.0%). Over the last one year it has moved up from 1,975.5 to 2,119.6, a gain of 144 points (up 7.3%).

Overall, the S&P BSE SENSEX is up 4.7% over the year.

Current Valuations

At the current price of Rs 1.1, the price to book value (P/BV) ratio of UNITECH stands at 0.0 times.

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