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INDIABULLS REAL EST Announces Quarterly Results (4QFY18); Net Profit Up 1971.2%

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INDIABULLS REAL EST Announces Quarterly Results (4QFY18); Net Profit Up 1971.2%
Fri, 20 Jul

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

INDIABULLS REAL EST Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m4,37021,00120,280-3.4%364.0%
Other incomeRs m1,081643400-37.8%-63.0%
TurnoverRs m5,45221,64420,680-4.5%279.3%
ExpensesRs m2,94818,690660-96.5%-77.6%
Gross profitRs m1,6212,31119,620748.8%1110.3%
DepreciationRs m191247235-4.6%23.0%
InterestRs m1,3501,6212,22337.1%64.7%
Profit before taxRs m1,1611,08617,5621516.7%1412.4%
TaxRs m3632321,030343.2%183.8%
Profit after taxRs m79885416,5321836.1%1971.2%
Gross profit margin%37.111.096.7
Effective tax rate%31.321.45.9
Net profit margin%14.63.979.9
* 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 364.0% on a year-on-year (YoY) basis. The expenses were down by 77.6% YoY during the same period.
  • The company's operating profit increased by 1110.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 96.7% in 4QFY18 as against 37.1% in 4QFY17.
  • Depreciation charges and finance costs increased by 23.0% YoY and 64.7% YoY, respectively.
  • Other income declined by 63.0% YoY during the quarter.
  • Net profit for the quarter increased by 1971.2% YoY. Net profit margins during the quarter increased from 14.6% in 4QFY17 to 79.9% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 96.5% QoQ during the same period.
  • The company's operating profit increased by 748.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 96.7% in 4QFY18 as against 11.0% in 3QFY17.
  • Net profit for the quarter increased by 1836.1% QoQ, while net profit margins increased from 3.9% in 3QFY17 to 79.9% in 4QFY18.

To see how INDIABULLS REAL EST has performed over the last eight quarters, please visit here.

INDIABULLS REAL EST Share Price Performance

Over the last one year, INDIABULLS REAL EST share price has moved up from Rs 212.1 to Rs 147.5, registering a Loss of Rs -64.6 or around 30.5%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,977.6 (up 0.9%). Over the last one year it has moved down from 2,184.4 to 1,977.6, a gain of -206.8 points (down 9.5%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 147.5, the price to earnings (P/E) ratio of INDIABULLS REAL EST stands at 3.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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