BF UTILITIES Announces Quarterly Results (4QFY19); Net Profit Down 184.8%

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BF UTILITIES Announces Quarterly Results (4QFY19); Net Profit Down 184.8%
Tue, 21 May

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

BF UTILITIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m373421-37.0%-42.1%
Other incomeRs m1819813-93.3%-25.1%
TurnoverRs m5523235-85.0%-36.6%
ExpensesRs m29293417.5%15.8%
Gross profitRs m85-12-336.1%-258.3%
DepreciationRs m101010-2.2%0.1%
InterestRs m865-3.4%-34.7%
Profit before taxRs m8187-14-107.5%-281.6%
TaxRs m-4-1-4
Profit after taxRs m12188-10-105.3%-184.8%
Gross profit margin%21.115.4-57.8
Effective tax rate%-53.5-0.328.3
Net profit margin%21.781.2-29.0
* 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 42.1% on a year-on-year (YoY) basis. The expenses were up by 15.8% YoY during the same period.
  • The company's operating profit declined by 258.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 57.8% in 4QFY19 as against 21.1% in 4QFY18.
  • Depreciation charges increased by 0.1% and finance costs declined by 34.7% YoY, respectively.
  • Other income declined by 25.1% YoY during the quarter.
  • Net profit for the quarter declined by 184.8% YoY. Net profit margins during the quarter declined from 21.7% in 4QFY18 to -29.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 37.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 17.5% QoQ during the same period.
  • The company's operating profit declined by 336.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 57.8% in 4QFY19 as against 15.4% in 3QFY18.
  • Net profit for the quarter declined by 105.3% QoQ, while net profit margins declined from 81.0% in 3QFY18 to -29.0% in 4QFY19.

To see how BF UTILITIES has performed over the last eight quarters, please visit here.

BF UTILITIES Share Price Performance

Over the last one year, BF UTILITIES share price has moved up from Rs 376.4 to Rs 174.8, registering a Loss of Rs 201.6 or around 53.6%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,929.5 (down 0.8%). Over the last one year it has moved down from 2,083.9 to 1,929.5, a gain of 154 points (down 7.4%).

Overall, the S&P BSE SENSEX is up 13.9% over the year.

Current Valuations

At the current price of Rs 174.8, the price to earnings (P/E) ratio of BF UTILITIES stands at 24.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at -2.3 times.

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Jun 16, 2021 03:36 PM

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