GUJ.IND.POW Announces Quarterly Results (3QFY19); Net Profit Up 25.3%

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GUJ.IND.POW Announces Quarterly Results (3QFY19); Net Profit Up 25.3%
Fri, 15 Feb

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

GUJ.IND.POW Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m3,4263,6123,525-2.4%2.9%
Other incomeRs m1945045-10.8%-77.0%
TurnoverRs m3,6193,6623,570-2.5%-1.4%
ExpensesRs m2,2482,1452,2555.1%0.3%
Gross profitRs m1,178-7141,2707.8%
DepreciationRs m4214224240.5%0.6%
InterestRs m1661221317.8%-20.6%
Profit before taxRs m784-1,208759-3.2%
TaxRs m193-2518-90.5%
Profit after taxRs m591-1,18374125.3%
Gross profit margin%34.4-19.836.0
Effective tax rate%24.62.12.4
Net profit margin%16.3-32.320.8
* 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 2.9% on a year-on-year (YoY) basis. The expenses were up by 0.3% YoY during the same period.
  • The company's operating profit increased by 7.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.0% in 3QFY19 as against 34.4% in 3QFY18.
  • Depreciation charges increased by 0.6% and finance costs declined by 20.6% YoY, respectively.
  • Other income declined by 77.0% YoY during the quarter.
  • Net profit for the quarter increased by 25.3% YoY. Net profit margins during the quarter increased from 16.3% in 3QFY18 to 20.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.1% QoQ during the same period.
  • The company's operating profit increased by 277.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.0% in 3QFY19 as against 19.8% in 2QFY18.
  • Net profit for the quarter increased by 162.6% QoQ, while net profit margins increased from -32.3% in 2QFY18 to 20.8% in 3QFY19.

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 122.6 to Rs 69.0, registering a Loss of Rs 53.6 or around 43.7%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,782.4 (up 2.0%). Over the last one year it has moved down from 2,245.7 to 1,782.4, a gain of 463 points (down 20.6%).

Overall, the S&P BSE SENSEX is up 4.3% over the year.

Current Valuations

At the current price of Rs 69.0, the price to earnings (P/E) ratio of GUJ.IND.POW stands at 12.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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