ADANI ENTERPR. Announces Quarterly Results (1QFY20); Net Profit Up 15434.9%

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ADANI ENTERPR. Announces Quarterly Results (1QFY20); Net Profit Up 15434.9%
Tue, 13 Aug

ADANI ENTERPR. has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ADANI ENTERPR. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m79,538132,366105,614-20.2%32.8%
Other incomeRs m1,1022,3641,245-47.3%12.9%
TurnoverRs m80,640134,730106,859-20.7%32.5%
ExpensesRs m74,748125,29797,898-21.9%31.0%
Gross profitRs m4,7905,46411,000101.3%129.6%
DepreciationRs m1,7331,086996-8.3%-42.5%
InterestRs m4,0653,3713,5435.1%-12.8%
Profit before taxRs m943,3717,706128.6%8089.2%
TaxRs m621,2732,719113.6%4286.0%
Profit after taxRs m322,0984,987137.7%15434.9%
Gross profit margin%6.04.110.4
Effective tax rate%65.937.835.3
Net profit margin%0.01.64.7
* 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 32.8% on a year-on-year (YoY) basis. The expenses were up by 31.0% YoY during the same period.
  • The company's operating profit increased by 129.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.4% in 1QFY20 as against 6.0% in 1QFY19.
  • Depreciation charges declined by 42.5% and finance costs declined by 12.8% YoY, respectively.
  • Other income increased by 12.9% YoY during the quarter.
  • Net profit for the quarter increased by 15434.9% YoY. Net profit margins during the quarter increased from 0.0% in 1QFY19 to 4.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 20.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 21.9% QoQ during the same period.
  • The company's operating profit increased by 101.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.4% in 1QFY20 as against 4.1% in 4QFY19.
  • Net profit for the quarter increased by 137.7% QoQ, while net profit margins increased from 1.6% in 4QFY19 to 4.7% in 1QFY20.

To see how ADANI ENTERPR. has performed over the last eight quarters,please visit here.

ADANI ENTERPR. Share Price Performance

Over the last one year,ADANI ENTERPR. share price has moved down from Rs 137.6 to Rs 133.8, registering a Loss of Rs 3.8 or around 2.8%.

Overall, the S&P BSE SENSEX is down 1.2% over the year.

Current Valuations

At the current price of Rs 133.8, the price to earnings (P/E) ratio of ADANI ENTERPR. stands at 26.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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