RELIANCE COMMUNICATIONS Announces Quarterly Results (2QFY19); Net Profit Up 148.2%

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RELIANCE COMMUNICATIONS Announces Quarterly Results (2QFY19); Net Profit Up 148.2%
Mon, 5 Nov

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

RELIANCE COMMUNICATIONS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m26,15010,0609,770-2.9%-62.6%
Other incomeRs m520203701750.0%-28.8%
TurnoverRs m26,67010,08010,1400.6%-62.0%
ExpensesRs m31,4108,7208,7500.3%-72.1%
Gross profitRs m-5,2601,35024,9601748.9%
DepreciationRs m11,9801,9802,1006.1%-82.5%
InterestRs m11,4905005102.0%-95.6%
Profit before taxRs m-28,210-1,11022,720
TaxRs m-1,110109,66096500.0%
Profit after taxRs m-27,100-1,12013,060
Gross profit margin%-20.113.4255.5
Effective tax rate%3.9-0.942.5
Net profit margin%-101.6-11.1128.8
* 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 fell 62.6% on a year-on-year (YoY) basis. The expenses were down by 72.1% YoY during the same period.
  • The company's operating profit declined by 574.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 255.5% in 2QFY19 as against 20.1% in 2QFY18.
  • Depreciation charges declined by 82.5% and finance costs declined by 95.6% YoY, respectively.
  • Other income declined by 28.8% YoY during the quarter.
  • Net profit for the quarter increased by 148.2% YoY. Net profit margins during the quarter increased from -101.6% in 2QFY18 to 128.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.3% QoQ during the same period.
  • The company's operating profit increased by 1748.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 255.5% in 2QFY19 as against 13.4% in 1QFY18.
  • Net profit for the quarter increased by 1266.1% QoQ, while net profit margins increased from -11.1% in 1QFY18 to 128.8% in 2QFY19.

To see how RELIANCE COMMUNICATIONS has performed over the last eight quarters, please visit here.

RELIANCE COMMUNICATIONS Share Price Performance

Over the last one year, RELIANCE COMMUNICATIONS share price has moved up from Rs 16.9 to Rs 13.9, registering a Loss of Rs 3.0 or around 17.9%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,028.4 (down 0.3%). Over the last one year it has moved up from 6,018.1 to 7,028.4, a gain of 1,010 points (up 16.8%).

Overall, the S&P BSE SENSEX is up 3.8% over the year.

Current Valuations

At the current price of Rs 13.9, the price to earnings (P/E) ratio of RELIANCE COMMUNICATIONS stands at 3.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.2 times.

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