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

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ADANI POWER Announces Quarterly Results (4QFY19); Net Profit Up 197.9%
Thu, 30 May

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

ADANI POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m40,64263,80367,2175.4%65.4%
Other incomeRs m9702,86813,562372.9%1297.8%
TurnoverRs m41,61266,67180,77921.2%94.1%
ExpensesRs m27,61952,94761,13615.5%121.4%
Gross profitRs m13,02310,8576,081-44.0%-53.3%
DepreciationRs m6,8146,8226,9171.4%1.5%
InterestRs m13,63215,30813,568-11.4%-0.5%
Profit before taxRs m-6,453-8,405-841
TaxRs m333,403-7,188-311.2%-22147.9%
Profit after taxRs m-6,486-11,8086,346
Gross profit margin%32.017.09.0
Effective tax rate%-0.5-40.5854.4
Net profit margin%-15.6-17.77.9
* 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 65.4% on a year-on-year (YoY) basis. The expenses were up by 121.4% YoY during the same period.
  • The company's operating profit declined by 53.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.0% in 4QFY19 as against 32.0% in 4QFY18.
  • Depreciation charges increased by 1.5% and finance costs declined by 0.5% YoY, respectively.
  • Other income increased by 1297.8% YoY during the quarter.
  • Net profit for the quarter increased by 197.9% YoY. Net profit margins during the quarter increased from -15.6% in 4QFY18 to 7.9% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 15.5% QoQ during the same period.
  • The company's operating profit declined by 44.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.0% in 4QFY19 as against 17.0% in 3QFY18.
  • Net profit for the quarter increased by 153.7% QoQ, while net profit margins increased from -17.7% in 3QFY18 to 7.9% in 4QFY19.

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 20.2 to Rs 50.3, registering a Gain of Rs 30.1 or around 149.4%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 2,018.2 (up 0.7%). Over the last one year it has moved down from 2,136.9 to 2,018.2, a gain of 119 points (down 5.6%).

Overall, the S&P BSE SENSEX is up 13.6% 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 16.3 times.

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

Aug 8, 2019 | Updated on Aug 8, 2019

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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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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