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HOUSING DEV. INFRA Announces Quarterly Results (4QFY18); Net Profit Down 86.3%

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HOUSING DEV. INFRA Announces Quarterly Results (4QFY18); Net Profit Down 86.3%
Fri, 1 Jun

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

HOUSING DEV. INFRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m1,321991413-58.3%-68.7%
Other incomeRs m2131867267.0%-68.6%
TurnoverRs m1,5341,009480-52.4%-68.7%
ExpensesRs m-245-222-387
Gross profitRs m1,5661,213800-34.0%-48.9%
DepreciationRs m181716-2.4%-6.8%
InterestRs m1,003946763-19.3%-23.9%
Profit before taxRs m75826987-67.5%-88.5%
TaxRs m149794-95.1%-97.4%
Profit after taxRs m60919083-56.1%-86.3%
Gross profit margin%118.5122.4193.6
Effective tax rate%19.729.44.5
Net profit margin%39.718.817.4
* 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 68.7% on a year-on-year (YoY) basis. The expenses were up by 58.0% YoY during the same period.
  • The company's operating profit declined by 48.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 193.6% in 4QFY18 as against 118.5% in 4QFY17.
  • Depreciation charges and finance costs declined by 6.8% YoY and 23.9% YoY, respectively.
  • Other income declined by 68.6% YoY during the quarter.
  • Net profit for the quarter declined by 86.3% YoY. Net profit margins during the quarter declined from 39.7% in 4QFY17 to 17.4% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 58.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 74.5% QoQ during the same period.
  • The company's operating profit increased by 34.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 193.6% in 4QFY18 as against 122.4% in 3QFY17.
  • Net profit for the quarter declined by 56.1% QoQ, while net profit margins declined from 18.8% in 3QFY17 to 17.4% in 4QFY18.

To see how HOUSING DEV. INFRA has performed over the last eight quarters, please visit here.

HOUSING DEV. INFRA Share Price Performance

Over the last one year, HOUSING DEV. INFRA share price has moved up from Rs 90.7 to Rs 26.5, registering a Loss of Rs -64.3 or around 70.8%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,238.5 (up 0.2%). Over the last one year it has moved up from 1,931.0 to 2,238.5, a gain of 307.5 points (up 15.9%).

Overall, the S&P BSE SENSEX is up 0.1% over the year.

Current Valuations

At the current price of Rs 26.5, the price to earnings (P/E) ratio of HOUSING DEV. INFRA stands at 11.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.1 times.

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