ADANI POWER Announces Quarterly Results (2QFY19); Net Profit Up 32.2%

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ADANI POWER Announces Quarterly Results (2QFY19); Net Profit Up 32.2%
Tue, 6 Nov

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

ADANI POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m62,06938,29771,81587.5%15.7%
Other incomeRs m2,5561,2974,757266.7%86.1%
TurnoverRs m64,62539,59476,57293.4%18.5%
ExpensesRs m41,06226,70948,51281.6%18.1%
Gross profitRs m21,00711,58823,304101.1%10.9%
DepreciationRs m6,78213,6236,975-48.8%2.8%
InterestRs m13,8886,79314,067107.1%1.3%
Profit before taxRs m2,892-7,5317,019142.7%
TaxRs m-357203,150337.3%
Profit after taxRs m2,927-8,2523,86932.2%
Gross profit margin%33.830.332.4
Effective tax rate%-1.2-9.644.9
Net profit margin%4.5-20.85.1
* 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 15.7% on a year-on-year (YoY) basis. The expenses were up by 18.1% YoY during the same period.
  • The company's operating profit increased by 10.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 32.4% in 2QFY19 as against 33.8% in 2QFY18.
  • Depreciation charges increased by 2.8% and finance costs increased by 1.3% YoY, respectively.
  • Other income increased by 86.1% YoY during the quarter.
  • Net profit for the quarter increased by 32.2% YoY. Net profit margins during the quarter increased from 4.5% in 2QFY18 to 5.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 87.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 81.6% QoQ during the same period.
  • The company's operating profit increased by 101.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.4% in 2QFY19 as against 30.3% in 1QFY18.
  • Net profit for the quarter increased by 146.9% QoQ, while net profit margins increased from -20.8% in 1QFY18 to 5.1% in 2QFY19.

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 35.7 to Rs 50.3, registering a Gain of Rs 14.7 or around 41.1%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,962.3 (up 0.2%). Over the last one year it has moved down from 2,333.3 to 1,962.3, a gain of 371 points (down 15.9%).

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

Current Valuations

At the current price of Rs 50.3, the price to book value (P/BV) ratio of ADANI POWER stands at 4.8 times.

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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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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.

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