SREI INFRA FINANCE Announces Quarterly Results (3QFY19); Net Profit Down 13.0%

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SREI INFRA FINANCE Announces Quarterly Results (3QFY19); Net Profit Down 13.0%
Wed, 13 Feb

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

SREI INFRA FINANCE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Operating incomeRs m14,05216,67916,211-2.8%15.4%
Other incomeRs m68-189641.6%
Total revenuesRs m14,12016,66116,307-2.1%15.5%
InterestRs m7,60610,1618,008-21.2%5.3%
Gross Profit Rs m4,6754,4746,07935.9%30.0%
Other expensesRs m3,1242,6624,47868.3%43.3%
Profit before taxRs m1,5591,7941,505-16.1%-3.5%
TaxRs m508685591-13.8%16.2%
Profit after taxRs m1,0511,109914-17.6%-13.0%
Gross profit margin %33.326.837.5
Effective tax rate%32.638.239.3
Net profit margin%7.56.65.6
* 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 15.4% on a year-on-year (YoY) basis. The interest expended was up by 5.3% YoY during the same period.
  • The bank's operating profit increased by 30.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 37.5% in 3QFY19 as against 33.3% in 3QFY18.
  • Other income increased by 41.6% YoY during the quarter.
  • Net profit for the quarter declined by 13.0% YoY. Net profit margins during the quarter declined from 7.5% in 3QFY18 to 5.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 2.8% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 21.2% QoQ during the same period.
  • The bank's operating profit increased by 35.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 37.5% in 3QFY19 as against 26.8% in 2QFY18.
  • Net profit for the quarter declined by 17.6% QoQ, while net profit margins declined from 6.6% in 2QFY18 to 5.6% in 3QFY19.

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 83.5 to Rs 24.7, registering a Loss of Rs 58.9 or around 70.5%.

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 24.7, the price to earnings (P/E) ratio of SREI INFRA FINANCE stands at 2.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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