TATA POWER Announces Quarterly Results (2QFY20); Net Profit Up 20.2%

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TATA POWER Announces Quarterly Results (2QFY20); Net Profit Up 20.2%
Tue, 12 Nov

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

TATA POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m73,32677,66776,778-1.1%4.7%
Other incomeRs m1,0461,0792,262109.6%116.3%
TurnoverRs m74,37278,74679,0400.4%6.3%
ExpensesRs m56,06754,64754,218-0.8%-3.3%
Gross profitRs m20,60222,08122,5602.2%9.5%
DepreciationRs m6,1066,2006,5445.6%7.2%
InterestRs m10,34411,43911,300-1.2%9.2%
Profit before taxRs m5,1985,5226,97926.4%34.3%
TaxRs m9353,4291,857-45.9%98.6%
Profit after taxRs m4,2632,0925,122144.8%20.2%
Gross profit margin%28.128.429.4
Effective tax rate%18.062.126.6
Net profit margin%5.72.76.5
* 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 grew 4.7% on a year-on-year (YoY) basis. The expenses were down by 3.3% YoY during the same period.
  • The company's operating profit increased by 9.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.4% in 2QFY20 as against 28.1% in 2QFY19.
  • Depreciation charges increased by 7.2% and finance costs increased by 9.2% YoY, respectively.
  • Other income increased by 116.3% YoY during the quarter.
  • Net profit for the quarter increased by 20.2% YoY. Net profit margins during the quarter increased from 5.7% in 2QFY19 to 6.5% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.8% QoQ during the same period.
  • The company's operating profit increased by 2.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.4% in 2QFY20 as against 28.4% in 1QFY19.
  • Net profit for the quarter increased by 144.8% QoQ, while net profit margins increased from 2.7% in 1QFY19 to 6.5% in 2QFY20.

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

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TATA POWER Share Price Performance

Over the last one year,TATA POWER share price has moved down from Rs 74.4 to Rs 57.3, registering a Loss of Rs 17.1 or around 22.9%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,958.4 (up 0.2%). Over the last one year it has moved up from 1,940.7 to 1,958.4, a gain of 18 points (up 0.9%).

Overall, the S&P BSE SENSEX is up 15.9% over the year.

Current Valuations

At the current price of Rs 57.3, the price to earnings (P/E) ratio of TATA POWER stands at 28.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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