SREI INFRA FINANCE Announces Quarterly Results (1QFY19); Net Profit Up 82.8%

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SREI INFRA FINANCE Announces Quarterly Results (1QFY19); Net Profit Up 82.8%
Thu, 6 Sep

SREI INFRA FINANCE has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

SREI INFRA FINANCE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Operating incomeRs m11,88913,93114,6785.4%23.5%
Other incomeRs m2480821.9%238.2%
Total revenuesRs m11,91314,01114,7605.3%23.9%
InterestRs m6,8737,7438,2726.8%20.4%
Gross Profit Rs m3,6784,4384,4931.2%22.2%
Other expensesRs m1,5232,7602,650-4.0%73.9%
Profit before taxRs m1,1201,7751,9228.3%71.6%
TaxRs m357605526-13.1%47.4%
Profit after taxRs m7631,1701,39619.3%82.8%
Gross profit margin %30.931.930.6
Effective tax rate%31.934.127.4
Net profit margin%6.48.49.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter grew 23.5% on a year-on-year (YoY) basis. The interest expended was up by 20.4% YoY during the same period.
  • The bank's operating profit increased by 22.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 30.6% in 1QFY19.
  • Other income increased by 238.2% YoY during the quarter.
  • Net profit for the quarter increased by 82.8% YoY. Net profit margins during the quarter increased from 6.4% in 1QFY18 to 9.5% in 1QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 5.4% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 6.8% QoQ during the same period.
  • The bank's operating profit declined by 1.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.6% in 1QFY19 as against 31.9% in 4QFY18.
  • Net profit for the quarter increased by 19.3% QoQ, while net profit margins increased from 8.4% in 4QFY18 to 9.5% in 1QFY19.

To see how SREI INFRA FINANCE has performed over the last eight quarters, please visit here.

SREI INFRA FINANCE Share Price Performance

Over the last one year, SREI INFRA FINANCE share price has moved up from Rs 119.8 to Rs 52.3, registering a Loss of Rs 67.5 or around 56.3%.

Overall, the S&P BSE SENSEX is up 20.0% over the year.

Current Valuations

At the current price of Rs 52.3, the price to earnings (P/E) ratio of SREI INFRA FINANCE stands at 5.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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