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ASHOKA BUILDCON Announces Quarterly Results (4QFY18); Net Profit Up 61.3%

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ASHOKA BUILDCON Announces Quarterly Results (4QFY18); Net Profit Up 61.3%
Tue, 19 Jun

ASHOKA BUILDCON has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

ASHOKA BUILDCON Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m6,1006,5897,0236.6%15.1%
Other incomeRs m432166612269.3%41.7%
TurnoverRs m6,5326,7557,63513.0%16.9%
ExpensesRs m5,6445,7946,2167.3%10.1%
Gross profitRs m4557968071.5%77.4%
DepreciationRs m1471441440.2%-1.8%
InterestRs m0128113-11.8%0.0%
Profit before taxRs m7406891,16368.6%57.1%
TaxRs m87170109-36.0%25.2%
Profit after taxRs m6545201,054102.8%61.3%
Gross profit margin%7.512.111.5
Effective tax rate%11.724.69.3
Net profit margin%10.07.713.8
* 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 grew 15.1% on a year-on-year (YoY) basis. The expenses were up by 10.1% YoY during the same period.
  • The company's operating profit increased by 77.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.5% in 4QFY18 as against 7.5% in 4QFY17.
  • Depreciation charges and finance costs declined by 1.8% YoY and 0.0% YoY, respectively.
  • Other income increased by 41.7% YoY during the quarter.
  • Net profit for the quarter increased by 61.3% YoY. Net profit margins during the quarter increased from 10.0% in 4QFY17 to 13.8% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.3% QoQ during the same period.
  • The company's operating profit increased by 1.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.5% in 4QFY18 as against 12.1% in 3QFY17.
  • Net profit for the quarter increased by 102.8% QoQ, while net profit margins increased from 7.7% in 3QFY17 to 13.8% in 4QFY18.

To see how ASHOKA BUILDCON has performed over the last eight quarters, please visit here.

ASHOKA BUILDCON Share Price Performance

Over the last one year, ASHOKA BUILDCON share price has moved up from Rs 195.6 to Rs 225.3, registering a Gain of Rs 29.8 or around 15.2%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,140.5 (down 1.8%). Over the last one year it has moved up from 2,083.5 to 2,140.5, a gain of 57.0 points (up 2.7%).

Overall, the S&P BSE SENSEX is down 0.5% over the year.

Current Valuations

At the current price of Rs 225.3, the price to earnings (P/E) ratio of ASHOKA BUILDCON stands at 14.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

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