ADANI POWER Announces Quarterly Results (1QFY20); Net Profit Up 52.8%

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Markets will remain closed on 21st October 2019, due to Assembly Elections in Maharashtra.

ADANI POWER Announces Quarterly Results (1QFY20); Net Profit Up 52.8%
Thu, 8 Aug

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

ADANI POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m38,29767,21778,04816.1%103.8%
Other incomeRs m1,29713,5622,097-84.5%61.7%
TurnoverRs m39,59480,77980,145-0.8%102.4%
ExpensesRs m26,70961,13651,206-16.2%91.7%
Gross profitRs m11,5886,08116,800176.3%45.0%
DepreciationRs m13,6236,9176,897-0.3%-49.4%
InterestRs m6,79313,56813,218-2.6%94.6%
Profit before taxRs m-7,531-841-1,218
TaxRs m720-7,1882,679272.0%
Profit after taxRs m-8,2526,346-3,897-161.4%
Gross profit margin%30.39.021.5
Effective tax rate%-9.6854.4-220.1
Net profit margin%-20.87.9-4.9
* 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 103.8% on a year-on-year (YoY) basis. The expenses were up by 91.7% YoY during the same period.
  • The company's operating profit increased by 45.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.5% in 1QFY20 as against 30.3% in 1QFY19.
  • Depreciation charges declined by 49.4% and finance costs increased by 94.6% YoY, respectively.
  • Other income increased by 61.7% YoY during the quarter.
  • Net profit for the quarter increased by 52.8% YoY. Net profit margins during the quarter increased from -20.8% in 1QFY19 to -4.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 16.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.2% QoQ during the same period.
  • The company's operating profit increased by 176.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.5% in 1QFY20 as against 9.0% in 4QFY19.
  • Net profit for the quarter declined by 161.4% QoQ, while net profit margins declined from 7.9% in 4QFY19 to -4.9% in 1QFY20.

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

ADANI POWER Share Price Performance

Over the last one year,ADANI POWER share price has moved up from Rs 31.3 to Rs 57.9, registering a Gain of Rs 26.6 or around 85.1%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,909.9 (up 0.3%). Over the last one year it has moved down from 1,988.1 to 1,909.9, a gain of 78 points (down 3.9%).

Overall, the S&P BSE SENSEX is down 2.3% over the year.

Current Valuations

At the current price of Rs 57.9, the price to book value (P/BV) ratio of ADANI POWER stands at 18.8 times.

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Related Views on News

ADANI POWER Announces Quarterly Results (4QFY19); Net Profit Up 197.9% (Quarterly Result Update)

May 30, 2019 | Updated on May 30, 2019

For the quarter ended March 2019, ADANI POWER has posted a net profit of Rs 6 bn (up 197.9% YoY). Sales on the other hand came in at Rs 67 bn (up 65.4% YoY). Read on for a complete analysis of ADANI POWER's quarterly results.

ADANI POWER 2017-18 Annual Report Analysis (Annual Result Update)

Mar 29, 2019 | Updated on Mar 29, 2019

Here's an analysis of the annual report of ADANI POWER for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of ADANI POWER. Also includes updates on the valuation of ADANI POWER.

ADANI POWER Announces Quarterly Results (3QFY19); Net Profit Up 8.5% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, ADANI POWER has posted a net profit of Rs 12 bn (up 8.5% YoY). Sales on the other hand came in at Rs 64 bn (up 31.7% YoY). Read on for a complete analysis of ADANI POWER's quarterly results.

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