Thursday, January 19, 2012

Godrej Properties Limited =results = for q3 fy 2012 = q/e dec,2011 = NET SALES UP 197% YoY;CONS- NET PROFITS UP 84% YoY


Godrej Properties Limited

NSE Symbol        GODREJPROP

GODREJ PROPERTIES LTD  has performed well  in Q3 FY 2012 (consolidated) Results ending Dec,2011.

Net Sales stands at Rs.143.00 cr  in Q3 FY 12 – up by 9.52 from Q2 FY 12; up by 9.96% from Q1 FY 12; and up by 196.85% from Q3 FY 11.

Total Expenditure stands at Rs.123.98 Cr in Q3 FY 12 – up by  14.43% from Q2 FY 12; Up by  11.33% from Q1 FY 12; and up by 190.19% from Q3 FY 11. The major increase is under raw material Cost.

Profit from Operations stands at Rs.25.77 in Q3 FY 12 – down by  -17.21% from Q2 FY 12; up by  33.79% from Q1 FY 12; and up by  372.3% from Q3 FY 11.

Other Income amounts to Rs.20.11 cr in Q3 FY 12 – up by 720.74% from Q2 FY 12; up by  387.75% from Q1 FY 12; and up by 0.35% from Q3 FY11.

Profit before tax stands at Rs.45.33 cr – up by  36.87% from Q2 FY 12; up by 125.99% from Q1 F 12; and up by 78.57% from Q3 FY 11.

Tax Expense stands at Rs.15.08 Cr – up by  40.31% from Q3 FY 12; up by  136.50% from Q2 FY 12; and up by 96.3% from Q3 FY 11.

Net Profit  stands at Rs.30.25 Cr – up by    35.56% from Q2 FY 12; up by  121.10% from Q1 FY 12; and up by  70.87% from Q3 FY 11.

After deducting Minority Interest, the Consolidated NPT amounts to Rs.28.62 Cr – up by   47.11% from Q2 FY 11; Up by  184.50% from Q1 FY 12; and up by 84.38% from Q3 FGY 11.

On a Face Value of Rs.10, the  Basic EPS    is Rs.4.1 for Q3 FY 12; Rs.2.78 fro Q2 FY 12; and Rs.1.44 for Q1 FY 12; and Rs.2.22 for Q3 FY 11. The Q3 FY 12 EPS is much better than both the Previous qtr and corresponding qtr result.

Last Year total EPS was Rs.18.73, boosted by the 4th Qtr EPS of  Rs.8.59.Will Godrej Properties reach last year’s EPS of 18.33? – this depends on a very good result in Q4 FY 12.

So far, the 3 Qtr’s EPS amounts hardly to  Rs.8.32. So Godrej will need to score more than Rs.10 EPS in last Qtr to equal last year’s total EPS.

The current Market Price is Rs.654 while the 52 week high price is Rs.845 and the 52 week low price  is Rs.531.65.

We will need to watch the 4thQtr result with interest.

CONSOLIDATED RESULTS TABLE

Q3 FY 12
%DIF1
%DIF2
%DIF2
Net Sales
14300.5
13,056.96
9.52
13,004.94
9.96
4,817.41
196.85
Other Oprtng Income
674.25
890.35
-24.27
56.83
1,086.43
0.45
149733.33
Raw Materials
11618.1
10,092.19
15.12
10,587.31
9.74
3,738.68
210.75
Employees Cost
163.99
201.74
-18.71
93.08
76.18
82.86
97.91
Depreciation
95.97
92.42
3.84
89.82
6.85
107.47
-10.7
Other Expenditure
519.54
448.22
15.91
365.37
42.20
343.2
51.38
Total Expenditure
12397.6
10,834.57
14.43
11,135.58
11.33
4,272.21
190.19
Profit from Operations
2577.1
3,112.74
-17.21
1,926.19
33.79
545.65
372.3
Other Income
2010.73
244.99
720.74
412.25
387.75
2,003.71
0.35
Interest
55.08
46.04
19.64
332.75
-83.45
10.94
403.47
Profit before tax
4532.75
3,311.69
36.87
2,005.69
125.99
2,538.42
78.57
Tax Expense
1507.52
1,074.44
40.31
637.44
136.50
767.97
96.3
Net Profit
3025.23
2,231.72
35.56
1,368.25
121.10
1,770.45
70.87
Minority Interest
163.69
286.55
-42.88
362.45
-54.84
218.48
-25.08
Consolidated NPT
2861.54
1,945.17
47.11
1,005.80
184.50
1,551.97
84.38
Face Value (in Rs.)
10
10
0.00
10
0.00
10
0
Paid-up Equity
6985
6,985.00
0.00
6,985.00
0.00
6,985.00
0
Basic EPS
4.1
2.78
47.48
1.44
184.72
2.22
84.68
Public holding (%)
16.21
16.21
0.00
16.21
0.00
16.21
0

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