ADANI POWER Announces Quarterly Results (1QFY21); Net Profit Down 75.1%

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ADANI POWER Announces Quarterly Results (1QFY21); Net Profit Down 75.1%
Tue, 18 Aug

ADANI POWER has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

ADANI POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m78,04861,72452,038-15.7%-33.3%
Other incomeRs m2,0971,5511,524-1.8%-27.4%
TurnoverRs m80,14563,27653,562-15.4%-33.2%
ExpensesRs m51,20659,67938,153-36.1%-25.5%
Gross profitRs m16,8002,04613,885578.8%-17.4%
DepreciationRs m6,8977,6847,8261.8%13.5%
InterestRs m13,21812,43913,91911.9%5.3%
Profit before taxRs m-1,218-16,526-6,336
TaxRs m2,679-3,397488-81.8%
Profit after taxRs m-3,897-13,129-6,825
Gross profit margin%21.53.326.7
Effective tax rate%-220.120.6-7.7
Net profit margin%-4.9-20.7-12.7
* 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 fell 33.3% on a year-on-year (YoY) basis. The expenses were down by 25.5% YoY during the same period.
  • The company's operating profit declined by 17.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.7% in 1QFY21 as against 21.5% in 1QFY20.
  • Depreciation charges increased by 13.5% and finance costs increased by 5.3% YoY, respectively.
  • Other income declined by 27.4% YoY during the quarter.
  • Net profit for the quarter declined by 75.1% YoY. Net profit margins during the quarter declined from -4.9% in 1QFY20 to -12.7% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 15.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 36.1% QoQ during the same period.
  • The company's operating profit increased by 578.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.7% in 1QFY21 as against 3.3% in 4QFY20.
  • Net profit for the quarter increased by 48.0% QoQ, while net profit margins increased from -20.7% in 4QFY20 to -12.7% in 1QFY21.

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

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ADANI POWER Share Price Performance

Over the last one year,ADANI POWER share price has moved down from Rs 59.4 to Rs 36.9, registering a Loss of Rs 22.5 or around 37.9%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,624.4 (down 0.0%). Over the last one year it has moved down from 1,906.1 to 1,624.4, a gain of 282 points (down 14.8%).

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

Current Valuations

At the current price of Rs 36.9, the price to book value (P/BV) ratio of ADANI POWER stands at 12.0 times.

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

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For the quarter ended June 2019, ADANI POWER has posted a net profit of Rs 4 bn (up 52.8% YoY). Sales on the other hand came in at Rs 78 bn (up 103.8% YoY). Read on for a complete analysis of ADANI POWER's quarterly results.

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