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

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RELIANCE INFRA Announces Quarterly Results (4QFY19); Net Profit Down 428.1%
Mon, 17 Jun

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

RELIANCE INFRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m51,66641,15740,127-2.5%-22.3%
Other incomeRs m6,4714,4482,214-50.2%-65.8%
TurnoverRs m58,13745,60542,340-7.2%-27.2%
ExpensesRs m43,37534,24631,242-8.8%-28.0%
Gross profitRs m22,1196,911-9,766-241.3%-144.2%
DepreciationRs m4,8113,2073,59912.2%-25.2%
InterestRs m16,92010,65410,093-5.3%-40.3%
Profit before taxRs m6,859-2,502-21,243-409.7%
TaxRs m202-190602198.8%
Profit after taxRs m6,657-2,313-21,845-428.1%
Gross profit margin%42.816.8-24.3
Effective tax rate%2.97.6-2.8
Net profit margin%11.5-5.1-51.6
* 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 22.3% on a year-on-year (YoY) basis. The expenses were down by 28.0% YoY during the same period.
  • The company's operating profit declined by 144.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.3% in 4QFY19 as against 42.8% in 4QFY18.
  • Depreciation charges declined by 25.2% and finance costs declined by 40.3% YoY, respectively.
  • Other income declined by 65.8% YoY during the quarter.
  • Net profit for the quarter declined by 428.1% YoY. Net profit margins during the quarter declined from 11.5% in 4QFY18 to -51.6% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.8% QoQ during the same period.
  • The company's operating profit declined by 241.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.3% in 4QFY19 as against 16.8% in 3QFY18.
  • Net profit for the quarter declined by 844.7% QoQ, while net profit margins declined from -5.1% in 3QFY18 to -51.6% in 4QFY19.

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 431.0 to Rs 53.3, registering a Loss of Rs 377.8 or around 87.6%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,988.3 (down 0.1%). Over the last one year it has moved down from 2,016.7 to 1,988.3, a gain of 28 points (down 1.4%).

Overall, the S&P BSE SENSEX is up 10.3% over the year.

Current Valuations

At the current price of Rs 53.3, the price to book value (P/BV) ratio of RELIANCE INFRA stands at 0.1 times.

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RELIANCE INFRA share price has surged by 6% and its current market price is Rs 46. The BSE POWER is up by 0.9%. The top gainers in the BSE POWER Index is RELIANCE INFRA (up 5.7%). The top losers are SUZLON ENERGY (down 0.5%) and THERMAX (down 0.5%).

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