CESC LTD Announces Quarterly Results (2QFY20); Net Profit Up 1.5%

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CESC LTD Announces Quarterly Results (2QFY20); Net Profit Up 1.5%
Fri, 15 Nov

CESC LTD has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

CESC LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m22,20023,59022,460-4.8%1.2%
Other incomeRs m280230930304.3%232.1%
TurnoverRs m22,48023,82023,390-1.8%4.0%
ExpensesRs m17,09019,17017,830-7.0%4.3%
Gross profitRs m5,4804,9404,630-6.3%-15.5%
DepreciationRs m1,1101,0901,080-0.9%-2.7%
InterestRs m1,2001,3001,270-2.3%5.8%
Profit before taxRs m3,4502,7803,21015.5%-7.0%
TaxRs m740610460-24.6%-37.8%
Profit after taxRs m2,7102,1702,75026.7%1.5%
Gross profit margin%24.720.920.6
Effective tax rate%21.421.914.3
Net profit margin%12.19.111.8
* 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 1.2% on a year-on-year (YoY) basis. The expenses were up by 4.3% YoY during the same period.
  • The company's operating profit declined by 15.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.6% in 2QFY20 as against 24.7% in 2QFY19.
  • Depreciation charges declined by 2.7% and finance costs increased by 5.8% YoY, respectively.
  • Other income increased by 232.1% YoY during the quarter.
  • Net profit for the quarter increased by 1.5% YoY. Net profit margins during the quarter declined from 12.1% in 2QFY19 to 11.8% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.0% QoQ during the same period.
  • The company's operating profit declined by 6.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.6% in 2QFY20 as against 20.9% in 1QFY19.
  • Net profit for the quarter increased by 26.7% QoQ, while net profit margins increased from 9.1% in 1QFY19 to 11.8% in 2QFY20.

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

Learn: How to Potentially Accumulate Rs 7 Crore in Wealth Over the Long-term

CESC LTD Share Price Performance

Over the last one year,CESC LTD share price has moved up from Rs 682.9 to Rs 764.0, registering a Gain of Rs 81.2 or around 11.9%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,923.2 (up 0.0%). Over the last one year it has moved down from 1,959.5 to 1,923.2, a gain of 36 points (down 1.9%).

Overall, the S&P BSE SENSEX is up 15.3% over the year.

Current Valuations

At the current price of Rs 764.0, the price to earnings (P/E) ratio of CESC LTD stands at 13.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.2 times.

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