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JAIPRAKASH POWER Announces Quarterly Results (2QFY19); Net Profit Up 73.3%

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JAIPRAKASH POWER Announces Quarterly Results (2QFY19); Net Profit Up 73.3%
Mon, 12 Nov

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

JAIPRAKASH POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m8,25810,8319,540-11.9%15.5%
Other incomeRs m1,15371449535.8%-61.0%
TurnoverRs m9,41110,9019,989-8.4%6.1%
ExpensesRs m5,2296,4625,974-7.6%14.3%
Gross profitRs m3,0304,8963,566-27.2%17.7%
DepreciationRs m1,1931,1871,2051.5%1.0%
InterestRs m4,1683,7153,698-0.5%-11.3%
Profit before taxRs m-1,17965-887-1473.7%
TaxRs m38723-469-2120.7%-221.1%
Profit after taxRs m-1,56641-419-1111.1%
Gross profit margin%36.745.237.4
Effective tax rate%-32.835.952.8
Net profit margin%-16.60.4-4.2
* 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 15.5% on a year-on-year (YoY) basis. The expenses were up by 14.3% YoY during the same period.
  • The company's operating profit increased by 17.7% YoY during the quarter. Consequently, operating profit margins remained same and stood at 37.4% in 2QFY19.
  • Depreciation charges increased by 1.0% and finance costs declined by 11.3% YoY, respectively.
  • Other income declined by 61.0% YoY during the quarter.
  • Net profit for the quarter increased by 73.3% YoY. Net profit margins during the quarter increased from -16.6% in 2QFY18 to -4.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.6% QoQ during the same period.
  • The company's operating profit declined by 27.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 37.4% in 2QFY19 as against 45.2% in 1QFY18.
  • Net profit for the quarter declined by 1111.1% QoQ, while net profit margins declined from 0.4% in 1QFY18 to -4.2% in 2QFY19.

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

JAIPRAKASH POWER Share Price Performance

Over the last one year, JAIPRAKASH POWER share price has moved up from Rs 7.4 to Rs 2.2, registering a Loss of Rs 5.2 or around 70.5%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,962.5 (down 0.8%). Over the last one year it has moved down from 2,291.1 to 1,962.5, a gain of 329 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 2.2, the price to book value (P/BV) ratio of JAIPRAKASH POWER stands at 0.1 times.

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