SJVN Announces Quarterly Results (1QFY20); Net Profit Up 44.0%

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SJVN Announces Quarterly Results (1QFY20); Net Profit Up 44.0%
Mon, 19 Aug

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

SJVN Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m6,1428,0527,245-10.0%18.0%
Other incomeRs m36271089425.9%146.7%
TurnoverRs m6,5058,7618,139-7.1%25.1%
ExpensesRs m2,8781,8011,468-18.5%-49.0%
Gross profitRs m4,4396,1885,777-6.7%30.1%
DepreciationRs m9531,010922-8.6%-3.2%
InterestRs m052304153.7%0.0%
Profit before taxRs m3,8485,8835,518-6.2%43.4%
TaxRs m9121,3821,291-6.6%41.6%
Profit after taxRs m2,9364,5024,227-6.1%44.0%
Gross profit margin%72.376.979.7
Effective tax rate%23.723.523.4
Net profit margin%45.151.451.9
* 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 grew 18.0% on a year-on-year (YoY) basis. The expenses were down by 49.0% YoY during the same period.
  • The company's operating profit increased by 30.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 79.7% in 1QFY20 as against 72.3% in 1QFY19.
  • Depreciation charges declined by 3.2% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 146.7% YoY during the quarter.
  • Net profit for the quarter increased by 44.0% YoY. Net profit margins during the quarter increased from 45.1% in 1QFY19 to 51.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.5% QoQ during the same period.
  • The company's operating profit increased by 6.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 79.7% in 1QFY20 as against 76.9% in 4QFY19.
  • Net profit for the quarter declined by 6.1% QoQ, while net profit margins increased from 51.4% in 4QFY19 to 51.9% in 1QFY20.

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

SJVN Share Price Performance

Over the last one year,SJVN share price has moved down from Rs 30.0 to Rs 24.3, registering a Loss of Rs 5.7 or around 19.0%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,911.5 (up 0.3%). Over the last one year it has moved down from 1,977.4 to 1,911.5, a gain of 66 points (down 3.3%).

Overall, the S&P BSE SENSEX is down 0.0% over the year.

Current Valuations

At the current price of Rs 24.3, the price to earnings (P/E) ratio of SJVN stands at 7.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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