GVK POWER & INFRA Announces Quarterly Results (2QFY19); Net Profit Up 116.0%

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GVK POWER & INFRA Announces Quarterly Results (2QFY19); Net Profit Up 116.0%
Fri, 23 Nov

GVK POWER & INFRA has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

GVK POWER & INFRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3131310.3%0.0%
Other incomeRs m170207162-21.8%-4.9%
TurnoverRs m202238193-18.9%-4.1%
ExpensesRs m8881713-23.8%-98.6%
Gross profitRs m-85615-5-133.8%
DepreciationRs m0000.0%0.0%
InterestRs m713934-14.2%-52.5%
Profit before taxRs m-757182123-32.4%
TaxRs m12210-100.0%-100.0%
Profit after taxRs m-769161123-23.6%
Gross profit margin%-2,727.446.3-15.6
Effective tax rate%-1.611.50.0
Net profit margin%-381.667.663.6
* 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 0.0% on a year-on-year (YoY) basis. The expenses were down by 98.6% YoY during the same period.
  • The company's operating profit declined by 99.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.6% in 2QFY19 as against 2727.4% in 2QFY18.
  • Depreciation charges increased by 0.0% and finance costs declined by 52.5% YoY, respectively.
  • Other income declined by 4.9% YoY during the quarter.
  • Net profit for the quarter increased by 116.0% YoY. Net profit margins during the quarter increased from -381.6% in 2QFY18 to 63.6% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 23.8% QoQ during the same period.
  • The company's operating profit declined by 133.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.6% in 2QFY19 as against 46.3% in 1QFY18.
  • Net profit for the quarter declined by 23.6% QoQ, while net profit margins declined from 67.6% in 1QFY18 to 63.6% in 2QFY19.

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

GVK POWER & INFRA Share Price Performance

Over the last one year, GVK POWER & INFRA share price has moved up from Rs 16.0 to Rs 7.8, registering a Loss of Rs 8.1 or around 51.0%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,912.7 (down 1.2%). Over the last one year it has moved down from 2,312.5 to 1,912.7, a gain of 400 points (down 17.3%).

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 7.8, the price to earnings (P/E) ratio of GVK POWER & INFRA stands at 19.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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