TORRENT POWER LTD Announces Quarterly Results (1QFY20); Net Profit Up 21.7%

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TORRENT POWER LTD Announces Quarterly Results (1QFY20); Net Profit Up 21.7%
Wed, 7 Aug

TORRENT POWER LTD has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

TORRENT POWER LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m35,28129,24837,36127.7%5.9%
Other incomeRs m52339954536.7%4.2%
TurnoverRs m35,80429,64737,90627.9%5.9%
ExpensesRs m27,61722,15029,02531.0%5.1%
Gross profitRs m7,6647,0988,33717.5%8.8%
DepreciationRs m3,0183,1303,2062.4%6.2%
InterestRs m2,2922,1632,47714.5%8.1%
Profit before taxRs m2,8772,2043,19945.1%11.2%
TaxRs m6041,956433-77.9%-28.3%
Profit after taxRs m2,2732482,7661015.3%21.7%
Gross profit margin%21.724.322.3
Effective tax rate%21.088.713.5
Net profit margin%6.30.87.3
* 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 5.9% on a year-on-year (YoY) basis. The expenses were up by 5.1% YoY during the same period.
  • The company's operating profit increased by 8.8% YoY during the quarter. Consequently, operating profit margins remained same and stood at 22.3% in 1QFY20.
  • Depreciation charges increased by 6.2% and finance costs increased by 8.1% YoY, respectively.
  • Other income increased by 4.2% YoY during the quarter.
  • Net profit for the quarter increased by 21.7% YoY. Net profit margins during the quarter increased from 6.3% in 1QFY19 to 7.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 27.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 31.0% QoQ during the same period.
  • The company's operating profit declined by 17.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.3% in 1QFY20 as against 24.3% in 4QFY19.
  • Net profit for the quarter increased by 1015.3% QoQ, while net profit margins increased from 0.8% in 4QFY19 to 7.3% in 1QFY20.

To see how TORRENT POWER LTD has performed over the last eight quarters,please visit here.

TORRENT POWER LTD Share Price Performance

Over the last one year,TORRENT POWER LTD share price has moved up from Rs 230.7 to Rs 300.2, registering a Gain of Rs 69.5 or around 30.1%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,922.9 (up 0.9%). Over the last one year it has moved down from 1,993.8 to 1,922.9, a gain of 71 points (down 3.6%).

Overall, the S&P BSE SENSEX is down 1.8% over the year.

Current Valuations

At the current price of Rs 300.2, the price to earnings (P/E) ratio of TORRENT POWER LTD stands at 15.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

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Related Views on News

TORRENT POWER LTD Announces Quarterly Results (4QFY19); Net Profit Down 88.8% (Quarterly Result Update)

May 17, 2019 | Updated on May 17, 2019

For the quarter ended March 2019, TORRENT POWER LTD has posted a net profit of Rs 248 m (down 88.8% YoY). Sales on the other hand came in at Rs 29 bn (up 4.1% YoY). Read on for a complete analysis of TORRENT POWER LTD's quarterly results.

TORRENT POWER LTD Announces Quarterly Results (3QFY19); Net Profit Up 15.6% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, TORRENT POWER LTD has posted a net profit of Rs 2 bn (up 15.6% YoY). Sales on the other hand came in at Rs 33 bn (up 18.1% YoY). Read on for a complete analysis of TORRENT POWER LTD's quarterly results.

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