SJVN Announces Quarterly Results (4QFY19); Net Profit Up 238.7%

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SJVN Announces Quarterly Results (4QFY19); Net Profit Up 238.7%
Mon, 3 Jun

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

SJVN Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m3,4484,8458,05266.2%133.5%
Other incomeRs m9166677106.5%-22.5%
TurnoverRs m4,3645,5128,76159.0%100.8%
ExpensesRs m1,3861,5281,80117.9%29.9%
Gross profitRs m2,5172,9656,188108.7%145.8%
DepreciationRs m8459751,0103.5%19.4%
InterestRs m476-4215-98.9%
Profit before taxRs m2,1123,0785,88391.2%178.5%
TaxRs m7836451,382114.2%76.5%
Profit after taxRs m1,3292,4334,50285.1%238.7%
Gross profit margin%73.061.276.9
Effective tax rate%37.121.023.5
Net profit margin%30.544.151.4
* 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 133.5% on a year-on-year (YoY) basis. The expenses were up by 29.9% YoY during the same period.
  • The company's operating profit increased by 145.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 76.9% in 4QFY19 as against 73.0% in 4QFY18.
  • Depreciation charges increased by 19.4% and finance costs declined by 98.9% YoY, respectively.
  • Other income declined by 22.5% YoY during the quarter.
  • Net profit for the quarter increased by 238.7% YoY. Net profit margins during the quarter increased from 30.5% in 4QFY18 to 51.4% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 66.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 17.9% QoQ during the same period.
  • The company's operating profit increased by 108.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 76.9% in 4QFY19 as against 61.2% in 3QFY18.
  • Net profit for the quarter increased by 85.1% QoQ, while net profit margins increased from 44.1% in 3QFY18 to 51.4% in 4QFY19.

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 up from Rs 30.8 to Rs 25.3, registering a Loss of Rs 5.5 or around 17.7%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 2,016.2 (up 0.3%). Over the last one year it has moved down from 2,089.1 to 2,016.2, a gain of 73 points (down 3.5%).

Overall, the S&P BSE SENSEX is up 13.3% over the year.

Current Valuations

At the current price of Rs 25.3, the price to earnings (P/E) ratio of SJVN stands at 8.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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