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RURAL ELECT. Announces Quarterly Results (1QFY19); Net Profit Up 12.9%

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RURAL ELECT. Announces Quarterly Results (1QFY19); Net Profit Up 12.9%
Mon, 17 Sep

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

RURAL ELECT. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Operating incomeRs m55,71656,32057,3861.9%3.0%
Other incomeRs m9063305,8041657.3%540.6%
Total revenuesRs m56,62256,65063,19011.5%11.6%
InterestRs m33,42537,42736,281-3.1%8.5%
Gross Profit Rs m22,27718,87721,09011.7%-5.3%
Other expensesRs m4,2866,5625,785-11.8%35.0%
Profit before taxRs m18,89712,65021,10866.9%11.7%
TaxRs m5,8864,3026,42149.3%9.1%
Profit after taxRs m13,0118,34814,68775.9%12.9%
Gross profit margin %40.033.536.8
Effective tax rate%31.134.030.4
Net profit margin%23.414.825.6
* 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 3.0% on a year-on-year (YoY) basis. The interest expended was up by 8.5% YoY during the same period.
  • The bank's operating profit declined by 5.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 36.8% in 1QFY19 as against 40.0% in 1QFY18.
  • Other income increased by 540.6% YoY during the quarter.
  • Net profit for the quarter increased by 12.9% YoY. Net profit margins during the quarter increased from 23.4% in 1QFY18 to 25.6% in 1QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 1.9% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 3.1% QoQ during the same period.
  • The bank's operating profit increased by 11.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.8% in 1QFY19 as against 33.5% in 4QFY18.
  • Net profit for the quarter increased by 75.9% QoQ, while net profit margins increased from 14.8% in 4QFY18 to 25.6% in 1QFY19.

To see how RURAL ELECT. has performed over the last eight quarters, please visit here.

RURAL ELECT. Share Price Performance

Over the last one year, RURAL ELECT. share price has moved up from Rs 167.5 to Rs 113.6, registering a Loss of Rs 53.9 or around 32.2%.

Overall, the S&P BSE SENSEX is up 17.0% over the year.

Current Valuations

At the current price of Rs 113.6, the price to earnings (P/E) ratio of RURAL ELECT. stands at 4.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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RURAL ELECT. Announces Quarterly Results (3QFY19); Net Profit Down 1.7% (Quarterly Result Update)

Feb 11, 2019 | Updated on Feb 11, 2019

For the quarter ended December 2018, RURAL ELECT. has posted a net profit of Rs 13 bn (down 1.7% YoY). Sales on the other hand came in at Rs 73 bn (up 31.9% YoY). Read on for a complete analysis of RURAL ELECT.'s quarterly results.

RURAL ELECT. Announces Quarterly Results (4QFY18); Net Profit Down 36.7% (Quarterly Result Update)

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For the quarter ended March 2018, RURAL ELECT. has posted a net profit of Rs 8 bn (down 36.7% YoY). Sales on the other hand came in at Rs 56 bn (down 2.8% YoY). Read on for a complete analysis of RURAL ELECT.'s quarterly results.

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