TORRENT POWER LTD Announces Quarterly Results (2QFY20); Net Profit Up 82.7%

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TORRENT POWER LTD Announces Quarterly Results (2QFY20); Net Profit Up 82.7%
Thu, 7 Nov

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

TORRENT POWER LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m34,44537,36138,4202.8%11.5%
Other incomeRs m441545493-9.5%11.7%
TurnoverRs m34,88737,90638,9132.7%11.5%
ExpensesRs m24,57729,02527,870-4.0%13.4%
Gross profitRs m9,8698,33710,55026.5%6.9%
DepreciationRs m3,0443,2063,2190.4%5.8%
InterestRs m2,2472,4772,4950.7%11.0%
Profit before taxRs m5,0193,1995,32966.6%6.2%
TaxRs m884433-2,227-614.6%-352.1%
Profit after taxRs m4,1352,7667,556173.2%82.7%
Gross profit margin%28.622.327.5
Effective tax rate%17.613.5-41.8
Net profit margin%11.97.319.4
* 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 11.5% on a year-on-year (YoY) basis. The expenses were up by 13.4% YoY during the same period.
  • The company's operating profit increased by 6.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.5% in 2QFY20 as against 28.6% in 2QFY19.
  • Depreciation charges increased by 5.8% and finance costs increased by 11.0% YoY, respectively.
  • Other income increased by 11.7% YoY during the quarter.
  • Net profit for the quarter increased by 82.7% YoY. Net profit margins during the quarter increased from 11.9% in 2QFY19 to 19.4% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.0% QoQ during the same period.
  • The company's operating profit increased by 26.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.5% in 2QFY20 as against 22.3% in 1QFY19.
  • Net profit for the quarter increased by 173.2% QoQ, while net profit margins increased from 7.3% in 1QFY19 to 19.4% in 2QFY20.

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

Get Details: We are Bullish on These 3 Little-known Stocks

TORRENT POWER LTD Share Price Performance

Over the last one year,TORRENT POWER LTD share price has moved up from Rs 263.8 to Rs 294.0, registering a Gain of Rs 30.2 or around 11.5%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,979.6 (down 0.2%). Over the last one year it has moved up from 1,968.5 to 1,979.6, a gain of 11 points (up 0.6%).

Overall, the S&P BSE SENSEX is up 15.8% over the year.

Current Valuations

At the current price of Rs 294.0, the price to earnings (P/E) ratio of TORRENT POWER LTD stands at 10.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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