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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

RELIANCE INFRA Announces Quarterly Results (3QFY19); Net Profit Down 534.8%
Wed, 13 Feb

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

RELIANCE INFRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m58,61057,50841,157-28.4%-29.8%
Other incomeRs m4,84914,5654,448-69.5%-8.3%
TurnoverRs m63,46072,07345,605-36.7%-28.1%
ExpensesRs m44,95842,43034,246-19.3%-23.8%
Gross profitRs m16,525-32,1586,911-58.2%
DepreciationRs m4,8483,1803,2070.9%-33.8%
InterestRs m15,03912,35610,654-13.8%-29.2%
Profit before taxRs m1,487-33,129-2,502-268.3%
TaxRs m955470-190-140.3%-119.9%
Profit after taxRs m532-33,599-2,313-534.8%
Gross profit margin%28.2-55.916.8
Effective tax rate%64.2-1.47.6
Net profit margin%0.8-46.6-5.1
* 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 fell 29.8% on a year-on-year (YoY) basis. The expenses were down by 23.8% YoY during the same period.
  • The company's operating profit declined by 58.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.8% in 3QFY19 as against 28.2% in 3QFY18.
  • Depreciation charges declined by 33.8% and finance costs declined by 29.2% YoY, respectively.
  • Other income declined by 8.3% YoY during the quarter.
  • Net profit for the quarter declined by 534.8% YoY. Net profit margins during the quarter declined from 0.8% in 3QFY18 to -5.1% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 28.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 19.3% QoQ during the same period.
  • The company's operating profit increased by 121.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.8% in 3QFY19 as against 55.9% in 2QFY18.
  • Net profit for the quarter increased by 93.1% QoQ, while net profit margins increased from -46.6% in 2QFY18 to -5.1% in 3QFY19.

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 460.1 to Rs 113.7, registering a Loss of Rs 346.4 or around 75.3%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,769.4 (down 0.1%). Over the last one year it has moved down from 2,273.7 to 1,769.4, a gain of 504 points (down 22.2%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 113.7, the price to book value (P/BV) ratio of RELIANCE INFRA stands at 0.1 times.

Equitymaster requests your view! Post a comment on "RELIANCE INFRA Announces Quarterly Results (3QFY19); Net Profit Down 534.8%". Click here!

  

Related Views on News

RELIANCE INFRA Announces Quarterly Results (4QFY19); Net Profit Down 428.1% (Quarterly Result Update)

Jun 17, 2019 | Updated on Jun 17, 2019

For the quarter ended March 2019, RELIANCE INFRA has posted a net profit of Rs 22 bn (down 428.1% YoY). Sales on the other hand came in at Rs 40 bn (down 22.3% YoY). Read on for a complete analysis of RELIANCE INFRA's quarterly results.

RELIANCE INFRA 2017-18 Annual Report Analysis (Annual Result Update)

Dec 19, 2018 | Updated on Dec 19, 2018

Here's an analysis of the annual report of RELIANCE INFRA for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of RELIANCE INFRA. Also includes updates on the valuation of RELIANCE INFRA.

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

Nov 16, 2018 | Updated on Nov 16, 2018

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.

More Views on News

Most Popular

My Latest Stock Recommendation(Fast Profits Daily)

Jan 10, 2020

The story behind my latest stock recommendation and an important announcement.

Bet on These Smallcap Stocks for Success in 2020(Profit Hunter)

Jan 14, 2020

The smallcap rebound finally seems to here... Make sure you aren't too late to make the most of the biggest wealth making opportunity in a decade.

Guess Which Stocks Are Rising at Double the Speed of Sensex(Profit Hunter)

Jan 15, 2020

These stocks can move twice as fast as the Sensex - to take advantage of their money multiplying power get in now as the rally is still just taking shape.. read more to not miss out.

What the Infosys Results Tell Us About the Next Infosys(The 5 Minute Wrapup)

Jan 15, 2020

If you're interested in the next Infosys, I'll tell you where to look.

For 1,000%+ Gains, Follow the 8-Year Cycle in the Stock Market(Fast Profits Daily)

Jan 17, 2020

This is how the biggest trading profits are made.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

RELIANCE INFRA SHARE PRICE


Jan 23, 2020 11:05 AM

TRACK RELIANCE INFRA

  • Track your investment in RELIANCE INFRA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON RELIANCE INFRA

RELIANCE INFRA 8-QTR ANALYSIS

COMPARE RELIANCE INFRA WITH

MARKET STATS