CESC LTD Announces Quarterly Results (2QFY19); Net Profit Up 13.9%

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CESC LTD Announces Quarterly Results (2QFY19); Net Profit Up 13.9%
Thu, 15 Nov

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

CESC LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m20,88021,59022,2002.8%6.3%
Other incomeRs m35020028040.0%-20.0%
TurnoverRs m21,23021,79022,4803.2%5.9%
ExpensesRs m15,83016,64017,0902.7%8.0%
Gross profitRs m5,0504,4505,48023.1%8.5%
DepreciationRs m1,0801,1101,1100.0%2.8%
InterestRs m1,2601,2001,2000.0%-4.8%
Profit before taxRs m3,0602,3403,45047.4%12.7%
TaxRs m68052074042.3%8.8%
Profit after taxRs m2,3801,8202,71048.9%13.9%
Gross profit margin%24.220.624.7
Effective tax rate%22.222.221.4
Net profit margin%11.28.412.1
* 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 grew 6.3% on a year-on-year (YoY) basis. The expenses were up by 8.0% YoY during the same period.
  • The company's operating profit increased by 8.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.7% in 2QFY19 as against 24.2% in 2QFY18.
  • Depreciation charges increased by 2.8% and finance costs declined by 4.8% YoY, respectively.
  • Other income declined by 20.0% YoY during the quarter.
  • Net profit for the quarter increased by 13.9% YoY. Net profit margins during the quarter increased from 11.2% in 2QFY18 to 12.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.7% QoQ during the same period.
  • The company's operating profit increased by 23.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.7% in 2QFY19 as against 20.6% in 1QFY18.
  • Net profit for the quarter increased by 48.9% QoQ, while net profit margins increased from 8.4% in 1QFY18 to 12.1% in 2QFY19.

To see how CESC LTD has performed over the last eight quarters, please visit here.

CESC LTD Share Price Performance

Over the last one year, CESC LTD share price has moved up from Rs 1,014.0 to Rs 687.8, registering a Loss of Rs 326.3 or around 32.2%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,975.7 (up 0.7%). Over the last one year it has moved down from 2,225.6 to 1,975.7, a gain of 250 points (down 11.2%).

Overall, the S&P BSE SENSEX is up 6.8% over the year.

Current Valuations

At the current price of Rs 687.8, the price to earnings (P/E) ratio of CESC LTD stands at 10.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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Nov 15, 2019 | Updated on Nov 15, 2019

For the quarter ended September 2019, CESC LTD has posted a net profit of Rs 3 bn (up 1.5% YoY). Sales on the other hand came in at Rs 22 bn (up 1.2% YoY). Read on for a complete analysis of CESC LTD's quarterly results.

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Nov 19, 2019 03:37 PM

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