RELIANCE POWER Announces Quarterly Results (4QFY19); Net Profit Down 3872.7%

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RELIANCE POWER Announces Quarterly Results (4QFY19); Net Profit Down 3872.7%
Mon, 10 Jun

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

RELIANCE POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m24,27821,00315,857-24.5%-34.7%
Other incomeRs m2725111,022100.2%276.0%
TurnoverRs m24,54921,51416,879-21.5%-31.2%
ExpensesRs m13,4399,7409,354-4.0%-30.4%
Gross profitRs m10,29511,264-25,029-322.2%-343.1%
DepreciationRs m1,9432,0292,0440.7%5.2%
InterestRs m6,9007,39910,96248.2%58.9%
Profit before taxRs m1,7242,347-37,013-1677.2%-2246.8%
TaxRs m781464-1,418-405.6%-281.7%
Profit after taxRs m9441,883-35,595-1990.6%-3872.7%
Gross profit margin%42.453.6-157.8
Effective tax rate%45.319.83.8
Net profit margin%3.88.8-210.9
* 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 34.7% on a year-on-year (YoY) basis. The expenses were down by 30.4% YoY during the same period.
  • The company's operating profit declined by 343.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 157.8% in 4QFY19 as against 42.4% in 4QFY18.
  • Depreciation charges increased by 5.2% and finance costs increased by 58.9% YoY, respectively.
  • Other income increased by 276.0% YoY during the quarter.
  • Net profit for the quarter declined by 3872.7% YoY. Net profit margins during the quarter declined from 3.8% in 4QFY18 to -210.9% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 24.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.0% QoQ during the same period.
  • The company's operating profit declined by 322.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 157.8% in 4QFY19 as against 53.6% in 3QFY18.
  • Net profit for the quarter declined by 1990.6% QoQ, while net profit margins declined from 8.8% in 3QFY18 to -210.9% in 4QFY19.

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 35.6 to Rs 5.4, registering a Loss of Rs 30.2 or around 84.9%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 2,020.6 (up 1.3%). Over the last one year it has moved down from 2,052.7 to 2,020.6, a gain of 32 points (down 1.6%).

Overall, the S&P BSE SENSEX is up 12.6% over the year.

Current Valuations

At the current price of Rs 5.4, the price to book value (P/BV) ratio of RELIANCE POWER stands at 0.1 times.

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