ADANI ENTERPR. Announces Quarterly Results (2QFY19); Net Profit Up 124.7%

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ADANI ENTERPR. Announces Quarterly Results (2QFY19); Net Profit Up 124.7%
Tue, 6 Nov

ADANI ENTERPR. has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

ADANI ENTERPR. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m90,83179,53891,54615.1%0.8%
Other incomeRs m8361,1021,1070.5%32.4%
TurnoverRs m91,66780,64092,65314.9%1.1%
ExpensesRs m83,93974,74887,13016.6%3.8%
Gross profitRs m6,8924,7904,432-7.5%-35.7%
DepreciationRs m3,8771,7331,582-8.7%-59.2%
InterestRs m4,7084,0653,954-2.7%-16.0%
Profit before taxRs m-856943-96.9%
TaxRs m-8262-189-404.4%
Profit after taxRs m-77532192496.9%
Gross profit margin%7.66.04.8
Effective tax rate%9.565.9-6,506.9
Net profit margin%-0.80.00.2
* 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 0.8% on a year-on-year (YoY) basis. The expenses were up by 3.8% YoY during the same period.
  • The company's operating profit declined by 35.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.8% in 2QFY19 as against 7.6% in 2QFY18.
  • Depreciation charges declined by 59.2% and finance costs declined by 16.0% YoY, respectively.
  • Other income increased by 32.4% YoY during the quarter.
  • Net profit for the quarter increased by 124.7% YoY. Net profit margins during the quarter increased from -0.8% in 2QFY18 to 0.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 15.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.6% QoQ during the same period.
  • The company's operating profit declined by 7.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.8% in 2QFY19 as against 6.0% in 1QFY18.
  • Net profit for the quarter increased by 496.9% QoQ, while net profit margins increased from 0.0% in 1QFY18 to 0.2% in 2QFY19.

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 up from Rs 106.0 to Rs 166.5, registering a Gain of Rs 60.5 or around 57.1%.

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 166.5, the price to earnings (P/E) ratio of ADANI ENTERPR. stands at 58.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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