GVK POWER & INFRA Announces Quarterly Results (3QFY19); Net Profit Up 47.6%

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GVK POWER & INFRA Announces Quarterly Results (3QFY19); Net Profit Up 47.6%
Fri, 22 Feb

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

GVK POWER & INFRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m3131320.6%1.0%
Other incomeRs m18216219520.4%7.1%
TurnoverRs m21319322717.2%6.2%
ExpensesRs m221328119.5%25.4%
Gross profitRs m9-54-60.7%
DepreciationRs m0000.0%0.0%
InterestRs m603429-12.8%-50.8%
Profit before taxRs m13112316937.2%29.0%
TaxRs m22070.0%-66.0%
Profit after taxRs m10912316231.3%47.6%
Gross profit margin%28.4-15.611.1
Effective tax rate%16.40.04.3
Net profit margin%51.363.671.3
* 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 1.0% on a year-on-year (YoY) basis. The expenses were up by 25.4% YoY during the same period.
  • The company's operating profit declined by 60.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.1% in 3QFY19 as against 28.4% in 3QFY18.
  • Depreciation charges increased by 0.0% and finance costs declined by 50.8% YoY, respectively.
  • Other income increased by 7.1% YoY during the quarter.
  • Net profit for the quarter increased by 47.6% YoY. Net profit margins during the quarter increased from 51.3% in 3QFY18 to 71.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 119.5% QoQ during the same period.
  • The company's operating profit increased by 171.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.1% in 3QFY19 as against 15.6% in 2QFY18.
  • Net profit for the quarter increased by 31.3% QoQ, while net profit margins increased from 63.7% in 2QFY18 to 71.3% in 3QFY19.

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 16.8 to Rs 7.4, registering a Loss of Rs 9.4 or around 55.9%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,808.4 (up 0.9%). Over the last one year it has moved down from 2,182.2 to 1,808.4, a gain of 374 points (down 17.1%).

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 7.4, the price to earnings (P/E) ratio of GVK POWER & INFRA stands at 17.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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