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- SUNTECK REALTY Announces Quarterly Results (2QFY20); Net Profit Down 44.5%
SUNTECK REALTY Announces Quarterly Results (2QFY20); Net Profit Down 44.5%
Fri, 15 Nov
SUNTECK REALTY has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:
SUNTECK REALTY Quarterly Financials
| No. of Mths Qtr. Ending | 3 Sep-18* | 3 Jun-19* | 3 Sep-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 1,803 | 1,746 | 1,347 | -22.8% | -25.3% |
| Other income | Rs m | 172 | 46 | 62 | 35.2% | -64.1% |
| Turnover | Rs m | 1,976 | 1,792 | 1,409 | -21.3% | -28.7% |
| Expenses | Rs m | 1,023 | 1,138 | 933 | -18.0% | -8.8% |
| Gross profit | Rs m | 780 | 609 | 414 | -31.9% | -46.9% |
| Depreciation | Rs m | 5 | 7 | 8 | 7.3% | 56.1% |
| Interest | Rs m | 104 | 91 | 114 | 24.9% | 10.3% |
| Profit before tax | Rs m | 844 | 556 | 354 | -36.3% | -58.0% |
| Tax | Rs m | 305 | 202 | 55 | -72.8% | -82.0% |
| Profit after tax | Rs m | 539 | 354 | 299 | -15.5% | -44.5% |
| Gross profit margin | % | 43.3 | 34.9 | 30.7 | ||
| Effective tax rate | % | 36.1 | 36.3 | 15.5 | ||
| Net profit margin | % | 27.3 | 19.8 | 21.2 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 25.3% on a year-on-year (YoY) basis. The expenses were down by 8.8% YoY during the same period.
- The company's operating profit declined by 46.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.7% in 2QFY20 as against 43.3% in 2QFY19.
- Depreciation charges increased by 56.1% and finance costs increased by 10.3% YoY, respectively.
- Other income declined by 64.1% YoY during the quarter.
- Net profit for the quarter declined by 44.5% YoY. Net profit margins during the quarter declined from 27.3% in 2QFY19 to 21.2% in 2QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 22.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.0% QoQ during the same period.
- The company's operating profit declined by 31.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.7% in 2QFY20 as against 34.9% in 1QFY19.
- Net profit for the quarter declined by 15.5% QoQ, while net profit margins increased from 19.8% in 1QFY19 to 21.2% in 2QFY20.
To see how SUNTECK REALTY has performed over the last eight quarters,please visit here.
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SUNTECK REALTY Share Price Performance
Over the last one year,SUNTECK REALTY share price has moved up from Rs 347.7 to Rs 403.5, registering a Gain of Rs 55.9 or around 16.1%.
Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,124.8 (down 0.2%). Over the last one year it has moved up from 1,724.8 to 2,124.8, a gain of 400 points (up 23.2%).
Overall, the S&P BSE SENSEX is up 15.3% over the year.
Current Valuations
At the current price of Rs 403.5, the price to earnings (P/E) ratio of SUNTECK REALTY stands at 28.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.