RELIANCE COMMUNICATIONS Announces Quarterly Results (4QFY19); Net Profit Down 2378.5%

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RELIANCE COMMUNICATIONS Announces Quarterly Results (4QFY19); Net Profit Down 2378.5%
Wed, 29 May

RELIANCE COMMUNICATIONS has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

RELIANCE COMMUNICATIONS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m9,49010,7009,620-10.1%1.4%
Other incomeRs m2701301,270876.9%370.4%
TurnoverRs m9,76010,83010,8900.6%11.6%
ExpensesRs m8,1709,2409,6304.2%17.9%
Gross profitRs m1,3301,460-3,850-363.7%-389.5%
DepreciationRs m1,7402,1501,970-8.4%13.2%
InterestRs m320520390-25.0%21.9%
Profit before taxRs m-460-1,080-4,940
TaxRs m330-4014,6404336.4%
Profit after taxRs m-790-1,040-19,580
Gross profit margin%14.013.6-40.0
Effective tax rate%-71.73.7-296.4
Net profit margin%-8.1-9.6-179.8
* 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 grew 1.4% on a year-on-year (YoY) basis. The expenses were up by 17.9% YoY during the same period.
  • The company's operating profit declined by 389.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 40.0% in 4QFY19 as against 14.0% in 4QFY18.
  • Depreciation charges increased by 13.2% and finance costs increased by 21.9% YoY, respectively.
  • Other income increased by 370.4% YoY during the quarter.
  • Net profit for the quarter declined by 2378.5% YoY. Net profit margins during the quarter declined from -8.1% in 4QFY18 to -179.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.2% QoQ during the same period.
  • The company's operating profit declined by 363.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 40.0% in 4QFY19 as against 13.6% in 3QFY18.
  • Net profit for the quarter declined by 1782.7% QoQ, while net profit margins declined from -9.6% in 3QFY18 to -179.8% in 4QFY19.

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 16.0 to Rs 2.0, registering a Loss of Rs 14.0 or around 87.5%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,656.3 (up 0.9%). Over the last one year it has moved up from 6,935.9 to 7,656.3, a gain of 720 points (up 10.4%).

Overall, the S&P BSE SENSEX is up 12.9% over the year.

Current Valuations

At the current price of Rs 2.0, the price to book value (P/BV) ratio of RELIANCE COMMUNICATIONS stands at 0.2 times.

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