GUJ.IND.POW Announces Quarterly Results (2QFY19); Net Profit Down 321.8%

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GUJ.IND.POW Announces Quarterly Results (2QFY19); Net Profit Down 321.8%
Mon, 12 Nov

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

GUJ.IND.POW Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,2373,2953,6129.6%11.6%
Other incomeRs m21275086.9%136.5%
TurnoverRs m3,2583,3223,66210.2%12.4%
ExpensesRs m2,0412,0352,1455.4%5.1%
Gross profitRs m1,1961,260-714-156.7%-159.7%
DepreciationRs m3824204220.4%10.5%
InterestRs m159128122-4.4%-23.3%
Profit before taxRs m676739-1,208-263.4%-278.6%
TaxRs m143162-25-115.5%-117.5%
Profit after taxRs m533577-1,183-304.8%-321.8%
Gross profit margin%36.938.2-19.8
Effective tax rate%21.221.92.1
Net profit margin%16.417.4-32.3
* 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 11.6% on a year-on-year (YoY) basis. The expenses were up by 5.1% YoY during the same period.
  • The company's operating profit declined by 159.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.8% in 2QFY19 as against 36.9% in 2QFY18.
  • Depreciation charges increased by 10.5% and finance costs declined by 23.3% YoY, respectively.
  • Other income increased by 136.5% YoY during the quarter.
  • Net profit for the quarter declined by 321.8% YoY. Net profit margins during the quarter declined from 16.4% in 2QFY18 to -32.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.4% QoQ during the same period.
  • The company's operating profit declined by 156.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.8% in 2QFY19 as against 38.2% in 1QFY18.
  • Net profit for the quarter declined by 304.8% QoQ, while net profit margins declined from 17.4% in 1QFY18 to -32.3% in 2QFY19.

To see how GUJ.IND.POW has performed over the last eight quarters, please visit here.

GUJ.IND.POW Share Price Performance

Over the last one year, GUJ.IND.POW share price has moved up from Rs 128.5 to Rs 80.2, registering a Loss of Rs 48.3 or around 37.6%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,964.5 (down 0.7%). Over the last one year it has moved down from 2,291.1 to 1,964.5, a gain of 327 points (down 14.3%).

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

Current Valuations

At the current price of Rs 80.2, the price to earnings (P/E) ratio of GUJ.IND.POW stands at 17.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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