SUZLON ENERGY Announces Quarterly Results (3QFY19); Net Profit Up 20.3%

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SUZLON ENERGY Announces Quarterly Results (3QFY19); Net Profit Up 20.3%
Tue, 12 Feb

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

SUZLON ENERGY Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m22,20012,04910,975-8.9%-50.6%
Other incomeRs m174170149-12.7%-14.5%
TurnoverRs m22,37412,21911,123-9.0%-50.3%
ExpensesRs m18,75914,3748,053-44.0%-57.1%
Gross profitRs m3,389-2,3253,5314.2%
DepreciationRs m790881825-6.4%4.4%
InterestRs m3,2513,2483,3513.2%3.1%
Profit before taxRs m-478-6,284-496
TaxRs m6-26-110-1903.3%
Profit after taxRs m-485-6,258-386
Gross profit margin%15.3-19.332.2
Effective tax rate%-1.30.422.2
Net profit margin%-2.2-51.2-3.5
* 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 fell 50.6% on a year-on-year (YoY) basis. The expenses were down by 57.1% YoY during the same period.
  • The company's operating profit increased by 4.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.2% in 3QFY19 as against 15.3% in 3QFY18.
  • Depreciation charges increased by 4.4% and finance costs increased by 3.1% YoY, respectively.
  • Other income declined by 14.5% YoY during the quarter.
  • Net profit for the quarter increased by 20.3% YoY. Net profit margins during the quarter declined from -2.2% in 3QFY18 to -3.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 44.0% QoQ during the same period.
  • The company's operating profit increased by 251.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.2% in 3QFY19 as against 19.3% in 2QFY18.
  • Net profit for the quarter increased by 93.8% QoQ, while net profit margins increased from -51.2% in 2QFY18 to -3.5% in 3QFY19.

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 13.5 to Rs 3.5, registering a Loss of Rs 10.0 or around 74.0%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,493.4 (up 0.3%). Over the last one year it has moved down from 15,637.8 to 13,493.4, a gain of 2,144 points (down 13.7%).

Overall, the S&P BSE SENSEX is up 6.1% over the year.

Current Valuations

At the current price of Rs 3.5, the price to book value (P/BV) ratio of SUZLON ENERGY stands at -0.2 times.

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