RELIANCE INFRA Announces Quarterly Results (3QFY20); Net Profit Down 48.0%

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RELIANCE INFRA Announces Quarterly Results (3QFY20); Net Profit Down 48.0%
Wed, 19 Feb

RELIANCE INFRA has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

RELIANCE INFRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m41,15758,22539,549-32.1%-3.9%
Other incomeRs m4,4485,3555,7256.9%28.7%
TurnoverRs m45,60563,58045,274-28.8%-0.7%
ExpensesRs m34,24649,39239,827-19.4%16.3%
Gross profitRs m6,9118,833-278-103.1%-104.0%
DepreciationRs m3,2073,3663,4031.1%6.1%
InterestRs m10,6545,5975,6581.1%-46.9%
Profit before taxRs m-2,5025,226-3,614-169.2%
TaxRs m-19076-192-351.6%
Profit after taxRs m-2,3135,149-3,422-166.5%
Gross profit margin%16.815.2-0.7
Effective tax rate%7.61.55.3
Net profit margin%-5.18.1-7.6
* 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 3.9% on a year-on-year (YoY) basis. The expenses were up by 16.3% YoY during the same period.
  • The company's operating profit declined by 104.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.7% in 3QFY20 as against 16.8% in 3QFY19.
  • Depreciation charges increased by 6.1% and finance costs declined by 46.9% YoY, respectively.
  • Other income increased by 28.7% YoY during the quarter.
  • Net profit for the quarter declined by 48.0% YoY. Net profit margins during the quarter declined from -5.1% in 3QFY19 to -7.6% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 32.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 19.4% QoQ during the same period.
  • The company's operating profit declined by 103.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.7% in 3QFY20 as against 15.2% in 2QFY19.
  • Net profit for the quarter declined by 166.5% QoQ, while net profit margins declined from 8.1% in 2QFY19 to -7.6% in 3QFY20.

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

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RELIANCE INFRA Share Price Performance

Over the last one year,RELIANCE INFRA share price has moved down from Rs 122.2 to Rs 21.7, registering a Loss of Rs 100.5 or around 82.2%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,825.7 (up 1.0%). Over the last one year it has moved up from 1,760.4 to 1,825.7, a gain of 65 points (up 3.7%).

Overall, the S&P BSE SENSEX is up 16.1% over the year.

Current Valuations

At the current price of Rs 21.7, the price to book value (P/BV) ratio of RELIANCE INFRA stands at 0.0 times.

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