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
|
* *
* E N
D * * *
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