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RELIANCE POWER Announces Quarterly Results (3QFY19); Net Profit Down 32.8%

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RELIANCE POWER Announces Quarterly Results (3QFY19); Net Profit Down 32.8%
Fri, 25 Jan

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

RELIANCE POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m24,94722,83121,003-8.0%-15.8%
Other incomeRs m957950511-46.2%-46.6%
TurnoverRs m25,90323,78121,514-9.5%-16.9%
ExpensesRs m12,98811,6649,740-16.5%-25.0%
Gross profitRs m11,95811,16711,2640.9%-5.8%
DepreciationRs m1,8821,9932,0291.8%7.8%
InterestRs m7,4856,9577,3996.3%-1.2%
Profit before taxRs m3,5483,1662,347-25.9%-33.9%
TaxRs m744647464-28.3%-37.7%
Profit after taxRs m2,8032,5191,883-25.3%-32.8%
Gross profit margin%47.948.953.6
Effective tax rate%21.020.419.8
Net profit margin%10.810.68.8
* 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 15.8% on a year-on-year (YoY) basis. The expenses were down by 25.0% YoY during the same period.
  • The company's operating profit declined by 5.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 53.6% in 3QFY19 as against 47.9% in 3QFY18.
  • Depreciation charges increased by 7.8% and finance costs declined by 1.2% YoY, respectively.
  • Other income declined by 46.6% YoY during the quarter.
  • Net profit for the quarter declined by 32.8% YoY. Net profit margins during the quarter declined from 10.8% in 3QFY18 to 8.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.5% QoQ during the same period.
  • The company's operating profit increased by 0.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 53.6% in 3QFY19 as against 48.9% in 2QFY18.
  • Net profit for the quarter declined by 25.3% QoQ, while net profit margins declined from 10.6% in 2QFY18 to 8.8% in 3QFY19.

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 47.1 to Rs 29.0, registering a Loss of Rs 18.2 or around 38.5%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,900.3 (down 0.1%). Over the last one year it has moved down from 2,347.5 to 1,900.3, a gain of 447 points (down 19.1%).

Overall, the S&P BSE SENSEX is up 0.7% over the year.

Current Valuations

At the current price of Rs 29.0, the price to earnings (P/E) ratio of RELIANCE POWER stands at 10.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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Here's an analysis of the annual report of RELIANCE POWER for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of RELIANCE POWER. Also includes updates on the valuation of RELIANCE POWER.

RELIANCE POWER Announces Quarterly Results (2QFY19); Net Profit Down 7.8% (Quarterly Result Update)

Nov 5, 2018 | Updated on Nov 5, 2018

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.

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

Jul 26, 2018 | Updated on Jul 26, 2018

For the quarter ended June 2018, RELIANCE POWER has posted a net profit of Rs 2 bn (up 2.8% YoY). Sales on the other hand came in at Rs 23 bn (down 13.3% YoY). Read on for a complete analysis of RELIANCE POWER's quarterly results.

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