SOBHA LIMITED Announces Quarterly Results (3QFY19); Net Profit Up 30.7%
Wed, 13 Feb

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

SOBHA LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m6,9196,7007,87917.6%13.9%
Other incomeRs m8562198219.4%132.9%
TurnoverRs m7,0046,7628,07719.4%15.3%
ExpensesRs m5,5445,1856,28921.3%13.4%
Gross profitRs m1,3751,5151,5905.0%15.6%
DepreciationRs m1371541614.5%17.5%
InterestRs m498532531-0.2%6.6%
Profit before taxRs m8258911,09623.0%32.8%
TaxRs m29127739843.7%36.8%
Profit after taxRs m53461469813.7%30.7%
Gross profit margin%19.922.620.2
Effective tax rate%35.331.136.3
Net profit margin%7.69.18.6
* 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 grew 13.9% on a year-on-year (YoY) basis. The expenses were up by 13.4% YoY during the same period.
  • The company's operating profit increased by 15.6% YoY during the quarter. Consequently, operating profit margins remained same and stood at 20.2% in 3QFY19.
  • Depreciation charges increased by 17.5% and finance costs increased by 6.6% YoY, respectively.
  • Other income increased by 132.9% YoY during the quarter.
  • Net profit for the quarter increased by 30.7% YoY. Net profit margins during the quarter increased from 7.6% in 3QFY18 to 8.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 17.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 21.3% QoQ during the same period.
  • The company's operating profit declined by 5.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.2% in 3QFY19 as against 22.6% in 2QFY18.
  • Net profit for the quarter increased by 13.7% QoQ, while net profit margins declined from 9.1% in 2QFY18 to 8.6% in 3QFY19.

To see how SOBHA LIMITED has performed over the last eight quarters, please visit here.

SOBHA LIMITED Share Price Performance

Over the last one year, SOBHA LIMITED share price has moved up from Rs 560.7 to Rs 473.0, registering a Loss of Rs 87.7 or around 15.6%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,745.6 (up 0.9%). Over the last one year it has moved down from 2,518.0 to 1,745.6, a gain of 772 points (down 30.7%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 473.0, the price to earnings (P/E) ratio of SOBHA LIMITED stands at 18.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.