POWER FIN CORP Announces Quarterly Results (1QFY19); Net Profit Down 3.9%

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POWER FIN CORP Announces Quarterly Results (1QFY19); Net Profit Down 3.9%
Fri, 14 Sep

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

POWER FIN CORP Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Operating incomeRs m68,80461,62470,27514.0%2.1%
Other incomeRs m5152,143246-88.5%-52.3%
Total revenuesRs m69,31963,76770,52110.6%1.7%
InterestRs m41,56243,81049,40612.8%18.9%
Gross Profit Rs m27,23017,79420,85717.2%-23.4%
Other expensesRs m5,8395,481693-87.4%-88.1%
Profit before taxRs m21,53414,45620,40941.2%-5.2%
TaxRs m7,2485,1006,67630.9%-7.9%
Profit after taxRs m14,2869,35613,73346.8%-3.9%
Gross profit margin %39.628.929.7
Effective tax rate%33.735.332.7
Net profit margin%20.815.219.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter grew 2.1% on a year-on-year (YoY) basis. The interest expended was up by 18.9% YoY during the same period.
  • The bank's operating profit declined by 23.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 29.7% in 1QFY19 as against 39.6% in 1QFY18.
  • Other income declined by 52.3% YoY during the quarter.
  • Net profit for the quarter declined by 3.9% YoY. Net profit margins during the quarter declined from 20.8% in 1QFY18 to 19.5% in 1QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 14.0% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 12.8% QoQ during the same period.
  • The bank's operating profit increased by 17.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.7% in 1QFY19 as against 28.9% in 4QFY18.
  • Net profit for the quarter increased by 46.8% QoQ, while net profit margins increased from 15.2% in 4QFY18 to 19.5% in 1QFY19.

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

POWER FIN CORP Share Price Performance

Over the last one year, POWER FIN CORP share price has moved up from Rs 131.1 to Rs 85.0, registering a Loss of Rs 46.1 or around 35.2%.

Overall, the S&P BSE SENSEX is up 18.2% over the year.

Current Valuations

At the current price of Rs 85.0, the price to earnings (P/E) ratio of POWER FIN CORP stands at 3.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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POWER FIN CORP Announces Quarterly Results (3QFY19); Net Profit Up 29.4% (Quarterly Result Update)

Feb 15, 2019 | Updated on Feb 15, 2019

For the quarter ended December 2018, POWER FIN CORP has posted a net profit of Rs 21 bn (up 29.4% YoY). Sales on the other hand came in at Rs 74 bn (up 18.8% YoY). Read on for a complete analysis of POWER FIN CORP's quarterly results.

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