PARSVNATH DEV Announces Quarterly Results (3QFY19); Net Profit Up 1.7%
Wed, 20 Feb

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

PARSVNATH DEV Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1972002073.8%5.1%
Other incomeRs m272724-9.2%-10.4%
TurnoverRs m2242262322.3%3.3%
ExpensesRs m298207203-1.7%-31.7%
Gross profitRs m-100-74
DepreciationRs m2724240.6%-10.5%
InterestRs m29226835733.3%22.4%
Profit before taxRs m-392-272-353
TaxRs m-112-63-78
Profit after taxRs m-280-209-275
Gross profit margin%-50.9-3.52.0
Effective tax rate%28.723.222.0
Net profit margin%-124.6-92.3-118.7
* 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 grew 5.1% on a year-on-year (YoY) basis. The expenses were down by 31.7% YoY during the same period.
  • The company's operating profit declined by 104.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 2.0% in 3QFY19 as against 50.9% in 3QFY18.
  • Depreciation charges declined by 10.5% and finance costs increased by 22.4% YoY, respectively.
  • Other income declined by 10.4% YoY during the quarter.
  • Net profit for the quarter increased by 1.7% YoY. Net profit margins during the quarter increased from -124.6% in 3QFY18 to -118.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.7% QoQ during the same period.
  • The company's operating profit increased by 159.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 2.0% in 3QFY19 as against 3.5% in 2QFY18.
  • Net profit for the quarter declined by 31.6% QoQ, while net profit margins declined from -92.5% in 2QFY18 to -118.7% in 3QFY19.

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 22.8 to Rs 5.4, registering a Loss of Rs 17.3 or around 76.2%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,789.3 (up 0.5%). Over the last one year it has moved down from 2,422.1 to 1,789.3, 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 5.4, the price to book value (P/BV) ratio of PARSVNATH DEV stands at 0.1 times.