GMR INFRA Announces Quarterly Results (4QFY19); Net Profit Down 866.1%

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GMR INFRA Announces Quarterly Results (4QFY19); Net Profit Down 866.1%
Mon, 3 Jun

GMR INFRA has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

GMR INFRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m21,09419,57819,8251.3%-6.0%
Other incomeRs m1,2551,6203,11192.0%147.8%
TurnoverRs m22,34921,19922,9368.2%2.6%
ExpensesRs m16,96615,45616,7368.3%-1.4%
Gross profitRs m4,1284,122-19,033-561.7%-561.1%
DepreciationRs m2,6072,4442,5052.5%-3.9%
InterestRs m5,8757,1947,8579.2%33.7%
Profit before taxRs m-3,099-3,895-26,284
TaxRs m-38330-47-256.5%
Profit after taxRs m-2,716-3,925-26,237
Gross profit margin%19.621.1-96.0
Effective tax rate%12.4-0.80.2
Net profit margin%-12.2-18.5-114.4
* 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 fell 6.0% on a year-on-year (YoY) basis. The expenses were down by 1.4% YoY during the same period.
  • The company's operating profit declined by 561.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 96.0% in 4QFY19 as against 19.6% in 4QFY18.
  • Depreciation charges declined by 3.9% and finance costs increased by 33.7% YoY, respectively.
  • Other income increased by 147.8% YoY during the quarter.
  • Net profit for the quarter declined by 866.1% YoY. Net profit margins during the quarter declined from -12.2% in 4QFY18 to -114.4% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.3% QoQ during the same period.
  • The company's operating profit declined by 561.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 96.0% in 4QFY19 as against 21.1% in 3QFY18.
  • Net profit for the quarter declined by 568.4% QoQ, while net profit margins declined from -18.5% in 3QFY18 to -114.4% in 4QFY19.

To see how GMR INFRA has performed over the last eight quarters, please visit here.

GMR INFRA Share Price Performance

Over the last one year, GMR INFRA share price has moved up from Rs 16.7 to Rs 15.5, registering a Loss of Rs 1.3 or around 7.5%.

Overall, the S&P BSE SENSEX is up 13.2% over the year.

Current Valuations

At the current price of Rs 15.5, the price to book value (P/BV) ratio of GMR INFRA stands at 1.8 times.

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