JSW ENERGY Announces Quarterly Results (3QFY19); Net Profit Up 210.6%

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JSW ENERGY Announces Quarterly Results (3QFY19); Net Profit Up 210.6%
Thu, 31 Jan

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

JSW ENERGY Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m19,93224,30824,217-0.4%21.5%
Other incomeRs m8791,370701-48.8%-20.3%
TurnoverRs m20,81125,67724,918-3.0%19.7%
ExpensesRs m14,07915,69416,8307.2%19.5%
Gross profitRs m5,6368,6137,387-14.2%31.1%
DepreciationRs m2,4072,9332,9330.0%21.9%
InterestRs m3,4063,0832,948-4.4%-13.4%
Profit before taxRs m7033,9672,208-44.3%213.9%
TaxRs m1981,125638-43.3%222.5%
Profit after taxRs m5062,8431,570-44.8%210.6%
Gross profit margin%28.335.430.5
Effective tax rate%28.128.328.9
Net profit margin%2.411.16.3
* 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 21.5% on a year-on-year (YoY) basis. The expenses were up by 19.5% YoY during the same period.
  • The company's operating profit increased by 31.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.5% in 3QFY19 as against 28.3% in 3QFY18.
  • Depreciation charges increased by 21.9% and finance costs declined by 13.4% YoY, respectively.
  • Other income declined by 20.3% YoY during the quarter.
  • Net profit for the quarter increased by 210.6% YoY. Net profit margins during the quarter increased from 2.4% in 3QFY18 to 6.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.2% QoQ during the same period.
  • The company's operating profit declined by 14.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.5% in 3QFY19 as against 35.4% in 2QFY18.
  • Net profit for the quarter declined by 44.8% QoQ, while net profit margins declined from 11.1% in 2QFY18 to 6.3% in 3QFY19.

To see how JSW ENERGY has performed over the last eight quarters, please visit here.

JSW ENERGY Share Price Performance

Over the last one year, JSW ENERGY share price has moved up from Rs 87.6 to Rs 68.4, registering a Loss of Rs 19.2 or around 21.9%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,885.7 (up 1.2%). Over the last one year it has moved down from 2,319.5 to 1,885.7, a gain of 434 points (down 18.7%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 68.4, the price to earnings (P/E) ratio of JSW ENERGY stands at 55.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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Nov 4, 2019 | Updated on Nov 4, 2019

For the quarter ended September 2019, JSW ENERGY has posted a net profit of Rs 3 bn (up 22.4% YoY). Sales on the other hand came in at Rs 21 bn (down 12.8% YoY). Read on for a complete analysis of JSW ENERGY's quarterly results.

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