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RELIANCE INFRA Announces Quarterly Results (1QFY19); Net Profit Down 22.9%

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RELIANCE INFRA Announces Quarterly Results (1QFY19); Net Profit Down 22.9%
Fri, 3 Aug

RELIANCE INFRA has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

RELIANCE INFRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m75,59451,66676,16647.4%0.8%
Other incomeRs m5,2616,4716,107-5.6%16.1%
TurnoverRs m80,85558,13782,27441.5%1.8%
ExpensesRs m55,44943,37558,04333.8%4.7%
Gross profitRs m18,16522,11915,542-29.7%-14.4%
DepreciationRs m4,5344,8115,2038.1%14.7%
InterestRs m14,91616,92016,380-3.2%9.8%
Profit before taxRs m3,9766,85966-99.0%-98.4%
TaxRs m402202-2,688-1434.0%-768.3%
Profit after taxRs m3,5736,6572,754-58.6%-22.9%
Gross profit margin%24.042.820.4
Effective tax rate%10.12.9-4,104.0
Net profit margin%4.411.53.3
* 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 0.8% on a year-on-year (YoY) basis. The expenses were up by 4.7% YoY during the same period.
  • The company's operating profit declined by 14.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.4% in 1QFY19 as against 24.0% in 1QFY18.
  • Depreciation charges and finance costs increased by 14.7% YoY and 9.8% YoY, respectively.
  • Other income increased by 16.1% YoY during the quarter.
  • Net profit for the quarter declined by 22.9% YoY. Net profit margins during the quarter declined from 4.4% in 1QFY18 to 3.3% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 47.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 33.8% QoQ during the same period.
  • The company's operating profit declined by 29.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.4% in 1QFY19 as against 42.8% in 4QFY18.
  • Net profit for the quarter declined by 58.6% QoQ, while net profit margins declined from 11.5% in 4QFY18 to 3.3% in 1QFY19.

To see how RELIANCE INFRA has performed over the last eight quarters, please visit here.

RELIANCE INFRA Share Price Performance

Over the last one year, RELIANCE INFRA share price has moved up from Rs 525.8 to Rs 400.6, registering a Loss of Rs 125.2 or around 23.8%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,991.7 (up 0.5%). Over the last one year it has moved down from 2,318.3 to 1,991.7, a gain of 327 points (down 14.1%).

Overall, the S&P BSE SENSEX is up 1.1% over the year.

Current Valuations

At the current price of Rs 400.6, the price to earnings (P/E) ratio of RELIANCE INFRA stands at 7.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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RELIANCE INFRA Announces Quarterly Results (3QFY19); Net Profit Down 534.8% (Quarterly Result Update)

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For the quarter ended December 2018, RELIANCE INFRA has posted a net profit of Rs 2 bn (down 534.8% YoY). Sales on the other hand came in at Rs 41 bn (down 29.8% YoY). Read on for a complete analysis of RELIANCE INFRA's quarterly results.

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RELIANCE INFRA Announces Quarterly Results (2QFY19); Net Profit Down 804.4% (Quarterly Result Update)

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For the quarter ended September 2018, RELIANCE INFRA has posted a net profit of Rs 34 bn (down 804.4% YoY). Sales on the other hand came in at Rs 58 bn (down 20.0% YoY). Read on for a complete analysis of RELIANCE INFRA's quarterly results.

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