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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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.

Equitymaster requests your view! Post a comment on "TORRENT POWER LTD Announces Quarterly Results (1QFY20); Net Profit Up 21.7%". Click here!

  

Related Views on News

TORRENT POWER LTD Announces Quarterly Results (1QFY21); Net Profit Up 35.2% (Quarterly Result Update)

Aug 18, 2020 | Updated on Aug 18, 2020

For the quarter ended June 2020, TORRENT POWER LTD has posted a net profit of Rs 4 bn (up 35.2% YoY). Sales on the other hand came in at Rs 30 bn (down 19.5% YoY). Read on for a complete analysis of TORRENT POWER LTD's quarterly results.

TORRENT POWER LTD Announces Quarterly Results (3QFY20); Net Profit Up 76.6% (Quarterly Result Update)

Feb 14, 2020 | Updated on Feb 14, 2020

For the quarter ended December 2019, TORRENT POWER LTD has posted a net profit of Rs 4 bn (up 76.6% YoY). Sales on the other hand came in at Rs 31 bn (down 5.4% YoY). Read on for a complete analysis of TORRENT POWER LTD's quarterly results.

More Views on News

Most Popular

Not Infosys or Wipro. India's Next Wealth Creators Could Be Drone Stocks(Profit Hunter)

Nov 25, 2020

India's drones directorate signals the next big defence tech multibaggers.

It's Time to Book Profits(Fast Profits Daily)

Nov 27, 2020

In my first video on Equitymaster, I want to introduce you my proprietary greed and fear index. It's telling us to book some profits in the market.

How the New Margins Will Impact You(Fast Profits Daily)

Nov 25, 2020

The new rules on margins will come into effect from 1st December. Are you ready?

Create Wealth for Yourself in India's Drone Revolution(Profit Hunter)

Nov 27, 2020

The Chinese drone market is 14 times that of India's. Billions may flow into Indian drone companies too. Don't miss out on this wealth creating opportunity.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

TORRENT POWER SHARE PRICE


Dec 4, 2020 02:10 PM

TRACK TORRENT POWER

  • Track your investment in TORRENT POWER with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

TORRENT POWER - CEMIG COMPARISON

COMPARE TORRENT POWER WITH

MARKET STATS