SOBHA LIMITED Announces Quarterly Results (3QFY20); Net Profit Up 4.9%
Mon, 3 Feb

SOBHA LIMITED has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

SOBHA LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m7,8797,8398,83212.7%12.1%
Other incomeRs m198199180-9.5%-9.1%
TurnoverRs m8,0778,0389,01212.1%11.6%
ExpensesRs m6,2895,2655,96613.3%-5.1%
Gross profitRs m1,5902,5742,86611.3%80.3%
DepreciationRs m1611781822.2%13.0%
InterestRs m5311,6671,7002.0%220.2%
Profit before taxRs m1,0969281,16425.4%6.2%
TaxRs m39825843267.4%8.5%
Profit after taxRs m6986707329.3%4.9%
Gross profit margin%20.232.832.5
Effective tax rate%36.327.837.1
Net profit margin%8.68.38.1
* 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 12.1% on a year-on-year (YoY) basis. The expenses were down by 5.1% YoY during the same period.
  • The company's operating profit increased by 80.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.5% in 3QFY20 as against 20.2% in 3QFY19.
  • Depreciation charges increased by 13.0% and finance costs increased by 220.2% YoY, respectively.
  • Other income declined by 9.1% YoY during the quarter.
  • Net profit for the quarter increased by 4.9% YoY. Net profit margins during the quarter declined from 8.6% in 3QFY19 to 8.1% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 13.3% QoQ during the same period.
  • The company's operating profit increased by 11.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 32.5% in 3QFY20 as against 32.8% in 2QFY19.
  • Net profit for the quarter increased by 9.3% QoQ, while net profit margins declined from 8.3% in 2QFY19 to 8.1% in 3QFY20.

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

Know More: Which way are the markets & the mutual fund industry headed?

SOBHA LIMITED Share Price Performance

Over the last one year,SOBHA LIMITED share price has moved down from Rs 477.2 to Rs 442.7, registering a Loss of Rs 34.5 or around 7.2%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,326.5 (down 0.1%). Over the last one year it has moved up from 1,797.8 to 2,326.5, a gain of 529 points (up 29.4%).

Overall, the S&P BSE SENSEX is up 9.6% over the year.

Current Valuations

At the current price of Rs 442.7, the price to earnings (P/E) ratio of SOBHA LIMITED stands at 12.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.