SUZLON ENERGY Announces Quarterly Results (2QFY19); Net Profit Down 885.3%

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SUZLON ENERGY Announces Quarterly Results (2QFY19); Net Profit Down 885.3%
Thu, 15 Nov

SUZLON ENERGY has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

SUZLON ENERGY Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m11,93112,77512,049-5.7%1.0%
Other incomeRs m21812517036.8%-21.7%
TurnoverRs m12,14812,89912,219-5.3%0.6%
ExpensesRs m11,85114,54114,374-1.2%21.3%
Gross profitRs m4,627-1,767-2,325-150.2%
DepreciationRs m7928398815.0%11.2%
InterestRs m3,2483,2803,248-0.9%0.0%
Profit before taxRs m805-5,761-6,284-880.6%
TaxRs m8-28-26-420.7%
Profit after taxRs m797-5,733-6,258-885.3%
Gross profit margin%38.8-13.8-19.3
Effective tax rate%1.00.50.4
Net profit margin%6.6-44.4-51.2
* 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 1.0% on a year-on-year (YoY) basis. The expenses were up by 21.3% YoY during the same period.
  • The company's operating profit declined by 150.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.3% in 2QFY19 as against 38.8% in 2QFY18.
  • Depreciation charges increased by 11.2% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 21.7% YoY during the quarter.
  • Net profit for the quarter declined by 885.3% YoY. Net profit margins during the quarter declined from 6.6% in 2QFY18 to -51.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.2% QoQ during the same period.
  • The company's operating profit declined by 31.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.3% in 2QFY19 as against 13.8% in 1QFY18.
  • Net profit for the quarter declined by 9.2% QoQ, while net profit margins declined from -44.4% in 1QFY18 to -51.2% in 2QFY19.

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

SUZLON ENERGY Share Price Performance

Over the last one year, SUZLON ENERGY share price has moved up from Rs 13.7 to Rs 5.6, registering a Loss of Rs 8.0 or around 58.8%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,630.3 (down 0.6%). Over the last one year it has moved down from 15,573.6 to 13,630.3, a gain of 1,943 points (down 12.5%).

Overall, the S&P BSE SENSEX is up 6.7% over the year.

Current Valuations

At the current price of Rs 5.6, the price to book value (P/BV) ratio of SUZLON ENERGY stands at -0.3 times.

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