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RELIANCE POWER Announces Quarterly Results (1QFY19); Net Profit Up 2.8%

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RELIANCE POWER Announces Quarterly Results (1QFY19); Net Profit Up 2.8%
Thu, 26 Jul

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

RELIANCE POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m26,35224,27822,848-5.9%-13.3%
Other incomeRs m1,171272858215.5%-26.8%
TurnoverRs m27,52324,54923,706-3.4%-13.9%
ExpensesRs m14,71413,43911,959-11.0%-18.7%
Gross profitRs m11,63910,29510,8895.8%-6.4%
DepreciationRs m1,8801,9432,0103.5%6.9%
InterestRs m7,6606,9006,767-1.9%-11.7%
Profit before taxRs m3,2691,7242,97072.3%-9.2%
TaxRs m961781597-23.6%-37.9%
Profit after taxRs m2,3099442,373151.5%2.8%
Gross profit margin%44.242.447.7
Effective tax rate%29.445.320.1
Net profit margin%8.43.810.0
* 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 13.3% on a year-on-year (YoY) basis. The expenses were down by 18.7% YoY during the same period.
  • The company's operating profit declined by 6.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 47.7% in 1QFY19 as against 44.2% in 1QFY18.
  • Depreciation charges and finance costs increased by 6.9% YoY and 11.7% YoY, respectively.
  • Other income declined by 26.8% YoY during the quarter.
  • Net profit for the quarter increased by 2.8% YoY. Net profit margins during the quarter increased from 8.4% in 1QFY18 to 10.0% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.0% QoQ during the same period.
  • The company's operating profit increased by 5.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 47.7% in 1QFY19 as against 42.4% in 4QFY18.
  • Net profit for the quarter increased by 151.5% QoQ, while net profit margins increased from 3.8% in 4QFY18 to 10.0% in 1QFY19.

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

RELIANCE POWER Share Price Performance

Over the last one year, RELIANCE POWER share price has moved up from Rs 44.4 to Rs 32.0, registering a Loss of Rs 12.5 or around 28.0%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,924.7 (up 0.4%). Over the last one year it has moved down from 2,302.6 to 1,924.7, a gain of 378 points (down 16.4%).

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

Current Valuations

At the current price of Rs 32.0, the price to earnings (P/E) ratio of RELIANCE POWER stands at 10.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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For the quarter ended December 2018, RELIANCE POWER has posted a net profit of Rs 2 bn (down 32.8% YoY). Sales on the other hand came in at Rs 21 bn (down 15.8% YoY). Read on for a complete analysis of RELIANCE POWER's quarterly results.

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For the quarter ended September 2018, RELIANCE POWER has posted a net profit of Rs 3 bn (down 7.8% YoY). Sales on the other hand came in at Rs 23 bn (up 0.0% YoY). Read on for a complete analysis of RELIANCE POWER's quarterly results.

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