JAIPRAKASH POWER Announces Quarterly Results (3QFY19); Net Profit Up 50.7%

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JAIPRAKASH POWER Announces Quarterly Results (3QFY19); Net Profit Up 50.7%
Fri, 15 Feb

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

JAIPRAKASH POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m8,5559,5409,244-3.1%8.1%
Other incomeRs m1,14744974365.5%-35.2%
TurnoverRs m9,7029,9899,9870.0%2.9%
ExpensesRs m6,7635,9746,3115.6%-6.7%
Gross profitRs m1,7923,5662,933-17.8%63.6%
DepreciationRs m1,2911,2051,197-0.6%-7.3%
InterestRs m3,8723,6983,287-11.1%-15.1%
Profit before taxRs m-2,224-887-808
TaxRs m-280-469151
Profit after taxRs m-1,944-419-959
Gross profit margin%21.037.431.7
Effective tax rate%12.652.8-18.7
Net profit margin%-20.0-4.2-9.6
* 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 8.1% on a year-on-year (YoY) basis. The expenses were down by 6.7% YoY during the same period.
  • The company's operating profit increased by 63.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.7% in 3QFY19 as against 21.0% in 3QFY18.
  • Depreciation charges declined by 7.3% and finance costs declined by 15.1% YoY, respectively.
  • Other income declined by 35.2% YoY during the quarter.
  • Net profit for the quarter increased by 50.7% YoY. Net profit margins during the quarter increased from -20.0% in 3QFY18 to -9.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.6% QoQ during the same period.
  • The company's operating profit declined by 17.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 31.7% in 3QFY19 as against 37.4% in 2QFY18.
  • Net profit for the quarter declined by 129.1% QoQ, while net profit margins declined from -4.2% in 2QFY18 to -9.6% in 3QFY19.

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 6.2 to Rs 1.6, registering a Loss of Rs 4.7 or around 74.6%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,782.7 (up 2.0%). Over the last one year it has moved down from 2,245.7 to 1,782.7, a gain of 463 points (down 20.6%).

Overall, the S&P BSE SENSEX is up 4.4% over the year.

Current Valuations

At the current price of Rs 1.6, the price to book value (P/BV) ratio of JAIPRAKASH POWER stands at 0.1 times.

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