REL.INDUS.INFRAS Announces Quarterly Results (2QFY20); Net Profit Down 0.9%
Thu, 17 Oct

REL.INDUS.INFRAS has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

REL.INDUS.INFRAS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m213204200-2.0%-6.2%
Other incomeRs m394037-6.4%-5.1%
TurnoverRs m252243237-2.7%-6.0%
ExpensesRs m184181179-1.5%-2.9%
Gross profitRs m292221-5.8%-26.9%
DepreciationRs m3635350.0%-0.4%
InterestRs m0000.0%0.0%
Profit before taxRs m322623-14.5%-29.8%
TaxRs m1192-80.9%-84.2%
Profit after taxRs m21172121.3%-0.9%
Gross profit margin%13.511.010.6
Effective tax rate%34.735.17.8
Net profit margin%8.37.18.8
* 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 6.2% on a year-on-year (YoY) basis. The expenses were down by 2.9% YoY during the same period.
  • The company's operating profit declined by 26.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.6% in 2QFY20 as against 13.5% in 2QFY19.
  • Depreciation charges declined by 0.4% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 5.1% YoY during the quarter.
  • Net profit for the quarter declined by 0.9% YoY. Net profit margins during the quarter increased from 8.3% in 2QFY19 to 8.8% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.5% QoQ during the same period.
  • The company's operating profit declined by 5.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.6% in 2QFY20 as against 11.0% in 1QFY19.
  • Net profit for the quarter increased by 21.3% QoQ, while net profit margins increased from 7.0% in 1QFY19 to 8.8% in 2QFY20.

To see how REL.INDUS.INFRAS has performed over the last eight quarters,please visit here.

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REL.INDUS.INFRAS Share Price Performance

Over the last one year,REL.INDUS.INFRAS share price has moved down from Rs 332.3 to Rs 252.0, registering a Loss of Rs 80.3 or around 24.2%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,969.9 (down 0.1%). Over the last one year it has moved up from 1,591.5 to 1,969.9, a gain of 378 points (up 23.8%).

Overall, the S&P BSE SENSEX is up 10.0% over the year.

Current Valuations

At the current price of Rs 252.0, the price to earnings (P/E) ratio of REL.INDUS.INFRAS stands at 50.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.