RELIANCE POWER Announces Quarterly Results (1QFY20); Net Profit Down 85.2%

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RELIANCE POWER Announces Quarterly Results (1QFY20); Net Profit Down 85.2%
Fri, 16 Aug

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

RELIANCE POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m22,84815,85720,75630.9%-9.2%
Other incomeRs m8581,022878-14.1%2.4%
TurnoverRs m23,70616,87921,63428.2%-8.7%
ExpensesRs m11,9599,35410,99817.6%-8.0%
Gross profitRs m10,889-25,0299,757-10.4%
DepreciationRs m2,0102,0442,0630.9%2.6%
InterestRs m6,76710,9627,754-29.3%14.6%
Profit before taxRs m2,970-37,013819-72.4%
TaxRs m597-1,418467-21.8%
Profit after taxRs m2,373-35,595352-85.2%
Gross profit margin%47.7-157.847.0
Effective tax rate%20.13.857.0
Net profit margin%10.0-210.91.6
* 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 9.2% on a year-on-year (YoY) basis. The expenses were down by 8.0% YoY during the same period.
  • The company's operating profit declined by 10.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 47.0% in 1QFY20 as against 47.7% in 1QFY19.
  • Depreciation charges increased by 2.6% and finance costs increased by 14.6% YoY, respectively.
  • Other income increased by 2.4% YoY during the quarter.
  • Net profit for the quarter declined by 85.2% YoY. Net profit margins during the quarter declined from 10.0% in 1QFY19 to 1.6% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 30.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 17.6% QoQ during the same period.
  • The company's operating profit increased by 139.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 47.0% in 1QFY20 as against 157.8% in 4QFY19.
  • Net profit for the quarter increased by 101.0% QoQ, while net profit margins increased from -210.9% in 4QFY19 to 1.6% in 1QFY20.

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 down from Rs 32.2 to Rs 3.6, registering a Loss of Rs 28.7 or around 89.0%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,904.5 (up 1.0%). Over the last one year it has moved down from 1,963.6 to 1,904.5, a gain of 59 points (down 3.0%).

Overall, the S&P BSE SENSEX is down 1.4% over the year.

Current Valuations

At the current price of Rs 3.6, the price to book value (P/BV) ratio of RELIANCE POWER stands at 0.0 times.

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For the quarter ended March 2019, RELIANCE POWER has posted a net profit of Rs 36 bn (down 3872.7% YoY). Sales on the other hand came in at Rs 16 bn (down 34.7% YoY). Read on for a complete analysis of RELIANCE POWER's quarterly results.

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Sep 16, 2019 03:35 PM

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