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BHARTI INFRATEL Announces Quarterly Results (2QFY19); Net Profit Up 17.1%

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BHARTI INFRATEL Announces Quarterly Results (2QFY19); Net Profit Up 17.1%
Fri, 9 Nov

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

BHARTI INFRATEL Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m16,58716,97017,2021.4%3.7%
Other incomeRs m151364202-44.5%33.8%
TurnoverRs m16,73817,33417,4040.4%4.0%
ExpensesRs m7,4517,5698,39911.0%12.7%
Gross profitRs m9,13612,3678,803-28.8%-3.6%
DepreciationRs m2,9992,7682,697-2.6%-10.1%
InterestRs m619868111-87.2%-82.1%
Profit before taxRs m5,6699,0956,197-31.9%9.3%
TaxRs m2,5892,7152,589-4.6%0.0%
Profit after taxRs m3,0806,3803,608-43.4%17.1%
Gross profit margin%55.172.951.2
Effective tax rate%45.729.941.8
Net profit margin%18.436.820.7
* 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 grew 3.7% on a year-on-year (YoY) basis. The expenses were up by 12.7% YoY during the same period.
  • The company's operating profit declined by 3.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 51.2% in 2QFY19 as against 55.1% in 2QFY18.
  • Depreciation charges declined by 10.1% and finance costs declined by 82.1% YoY, respectively.
  • Other income increased by 33.8% YoY during the quarter.
  • Net profit for the quarter increased by 17.1% YoY. Net profit margins during the quarter increased from 18.4% in 2QFY18 to 20.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.0% QoQ during the same period.
  • The company's operating profit declined by 28.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 51.2% in 2QFY19 as against 72.9% in 1QFY18.
  • Net profit for the quarter declined by 43.4% QoQ, while net profit margins declined from 36.8% in 1QFY18 to 20.7% in 2QFY19.

To see how BHARTI INFRATEL has performed over the last eight quarters, please visit here.

BHARTI INFRATEL Share Price Performance

Over the last one year, BHARTI INFRATEL share price has moved up from Rs 428.1 to Rs 267.5, registering a Loss of Rs 160.6 or around 37.5%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,090.2 (down 1.3%). Over the last one year it has moved up from 6,131.5 to 7,090.2, a gain of 959 points (up 15.6%).

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 267.5, the price to earnings (P/E) ratio of BHARTI INFRATEL stands at 32.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.9 times.

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