PARSVNATH DEV Announces Quarterly Results (1QFY19); Net Profit Down 3.2%
Mon, 20 Aug

PARSVNATH DEV has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

PARSVNATH DEV Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m495181478163.6%-3.4%
Other incomeRs m3443024-94.5%-31.1%
TurnoverRs m529612501-18.0%-5.2%
ExpensesRs m55541258141.0%4.6%
Gross profitRs m-60-230-103
DepreciationRs m272723-14.3%-13.2%
InterestRs m309357251-29.7%-18.8%
Profit before taxRs m-362-184-354
TaxRs m-102115-85-173.6%
Profit after taxRs m-261-299-269
Gross profit margin%-12.2-127.1-21.5
Effective tax rate%28.0-62.423.9
Net profit margin%-49.3-49.0-53.6
* 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 3.4% on a year-on-year (YoY) basis. The expenses were up by 4.6% YoY during the same period.
  • The company's operating profit increased by 70.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.5% in 1QFY19 as against 12.2% in 1QFY18.
  • Depreciation charges and finance costs declined by 13.2% YoY and 18.8% YoY, respectively.
  • Other income declined by 31.1% YoY during the quarter.
  • Net profit for the quarter declined by 3.2% YoY. Net profit margins during the quarter declined from -49.3% in 1QFY18 to -53.6% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 163.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 41.0% QoQ during the same period.
  • The company's operating profit increased by 55.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.5% in 1QFY19 as against 127.1% in 4QFY18.
  • Net profit for the quarter increased by 10.2% QoQ, while net profit margins declined from -48.9% in 4QFY18 to -53.6% in 1QFY19.

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

PARSVNATH DEV Share Price Performance

Over the last one year, PARSVNATH DEV share price has moved up from Rs 22.5 to Rs 12.6, registering a Loss of Rs 9.8 or around 43.7%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,146.8 (up 0.7%). Over the last one year it has moved up from 2,090.1 to 2,146.8, a gain of 57 points (up 2.7%).

Overall, the S&P BSE SENSEX is up 20.4% over the year.

Current Valuations

At the current price of Rs 12.6, the price to book value (P/BV) ratio of PARSVNATH DEV stands at 0.2 times.