ADANI ENTERPR. Announces Quarterly Results (4QFY19); Net Profit Up 3.2%

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ADANI ENTERPR. Announces Quarterly Results (4QFY19); Net Profit Up 3.2%
Mon, 3 Jun

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

ADANI ENTERPR. Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m102,340104,297132,36626.9%29.3%
Other incomeRs m3,4321,1852,36499.5%-31.1%
TurnoverRs m105,772105,481134,73027.7%27.4%
ExpensesRs m95,77799,866125,29725.5%30.8%
Gross profitRs m4,7294,4405,46423.1%15.6%
DepreciationRs m1,629-3441,086-33.4%
InterestRs m3,5424,9163,371-31.4%-4.8%
Profit before taxRs m2,9901,0543,371220.0%12.8%
TaxRs m9575971,273113.4%33.1%
Profit after taxRs m2,0334572,098359.1%3.2%
Gross profit margin%4.64.34.1
Effective tax rate%32.056.637.8
Net profit margin%1.90.41.6
* 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 29.3% on a year-on-year (YoY) basis. The expenses were up by 30.8% YoY during the same period.
  • The company's operating profit increased by 15.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.1% in 4QFY19 as against 4.6% in 4QFY18.
  • Depreciation charges declined by 33.4% and finance costs declined by 4.8% YoY, respectively.
  • Other income declined by 31.1% YoY during the quarter.
  • Net profit for the quarter increased by 3.2% YoY. Net profit margins during the quarter declined from 1.9% in 4QFY18 to 1.6% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 26.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 25.5% QoQ during the same period.
  • The company's operating profit declined by 23.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.1% in 4QFY19 as against 4.3% in 3QFY18.
  • Net profit for the quarter increased by 359.1% QoQ, while net profit margins increased from 0.4% in 3QFY18 to 1.6% in 4QFY19.

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 84.8 to Rs 153.8, registering a Gain of Rs 69.0 or around 81.3%.

Overall, the S&P BSE SENSEX is up 13.3% over the year.

Current Valuations

At the current price of Rs 153.8, the price to earnings (P/E) ratio of ADANI ENTERPR. stands at 85.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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