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CESC LTD Announces Quarterly Results (3QFY19); Net Profit Down 117.5%

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CESC LTD Announces Quarterly Results (3QFY19); Net Profit Down 117.5%
Wed, 13 Feb

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

CESC LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m17,06022,20017,070-23.1%0.1%
Other incomeRs m43028045060.7%4.7%
TurnoverRs m17,49022,48017,520-22.1%0.2%
ExpensesRs m13,92017,09015,050-11.9%8.1%
Gross profitRs m3,8405,4802,020-63.1%-47.4%
DepreciationRs m1,0901,1101,090-1.8%0.0%
InterestRs m1,2101,2001,170-2.5%-3.3%
Profit before taxRs m1,9703,450210-93.9%-89.3%
TaxRs m430740480-35.1%11.6%
Profit after taxRs m1,5402,710-270-110.0%-117.5%
Gross profit margin%22.524.711.8
Effective tax rate%21.821.4228.6
Net profit margin%8.812.1-1.5
* 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 0.1% on a year-on-year (YoY) basis. The expenses were up by 8.1% YoY during the same period.
  • The company's operating profit declined by 47.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.8% in 3QFY19 as against 22.5% in 3QFY18.
  • Depreciation charges increased by 0.0% and finance costs declined by 3.3% YoY, respectively.
  • Other income increased by 4.7% YoY during the quarter.
  • Net profit for the quarter declined by 117.5% YoY. Net profit margins during the quarter declined from 8.8% in 3QFY18 to -1.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 23.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.9% QoQ during the same period.
  • The company's operating profit declined by 63.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.8% in 3QFY19 as against 24.7% in 2QFY18.
  • Net profit for the quarter declined by 110.0% QoQ, while net profit margins declined from 12.1% in 2QFY18 to -1.5% in 3QFY19.

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 1,035.9 to Rs 681.0, registering a Loss of Rs 354.9 or around 34.3%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,769.9 (down 0.1%). Over the last one year it has moved down from 2,273.7 to 1,769.9, a gain of 504 points (down 22.2%).

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 681.0, the price to earnings (P/E) ratio of CESC LTD stands at 12.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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

Nov 15, 2018 | Updated on Nov 15, 2018

For the quarter ended September 2018, CESC LTD has posted a net profit of Rs 3 bn (up 13.9% YoY). Sales on the other hand came in at Rs 22 bn (up 6.3% YoY). Read on for a complete analysis of CESC LTD's quarterly results.

CESC LTD Announces Quarterly Results (1QFY19); Net Profit Down 51.1% (Quarterly Result Update)

Jul 30, 2018 | Updated on Jul 30, 2018

For the quarter ended June 2018, CESC LTD has posted a net profit of Rs 2 bn (down 51.1% YoY). Sales on the other hand came in at Rs 22 bn (down 1.1% YoY). Read on for a complete analysis of CESC LTD's quarterly results.

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