TATA POWER Announces Quarterly Results (3QFY21); Net Profit Down 195.1%

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TATA POWER Announces Quarterly Results (3QFY21); Net Profit Down 195.1%
Fri, 5 Feb

TATA POWER has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

TATA POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m70,71082,89875,979-8.3%7.5%
Other incomeRs m6501,5181,049-30.9%61.4%
TurnoverRs m71,36084,41677,028-8.8%7.9%
ExpensesRs m52,66162,88658,483-7.0%11.1%
Gross profitRs m18,05020,01216,403-18.0%-9.1%
DepreciationRs m6,7196,9897,3835.6%9.9%
InterestRs m11,29210,6509,656-9.3%-14.5%
Profit before taxRs m6893,891414-89.4%-39.9%
TaxRs m8963,1761,027-67.7%14.5%
Profit after taxRs m-208715-613-185.7%
Gross profit margin%25.524.121.6
Effective tax rate%130.281.6248.1
Net profit margin%-0.30.8-0.8
* 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 7.5% on a year-on-year (YoY) basis. The expenses were up by 11.1% YoY during the same period.
  • The company's operating profit declined by 9.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.6% in 3QFY21 as against 25.5% in 3QFY20.
  • Depreciation charges increased by 9.9% and finance costs declined by 14.5% YoY, respectively.
  • Other income increased by 61.4% YoY during the quarter.
  • Net profit for the quarter declined by 195.1% YoY. Net profit margins during the quarter declined from -0.3% in 3QFY20 to -0.8% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.0% QoQ during the same period.
  • The company's operating profit declined by 18.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.6% in 3QFY21 as against 24.1% in 2QFY20.
  • Net profit for the quarter declined by 185.7% QoQ, while net profit margins declined from 0.8% in 2QFY20 to -0.8% in 3QFY21.

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 up from Rs 57.2 to Rs 87.7, registering a Gain of Rs 30.5 or around 53.2%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 2,230.3 (up 0.2%). Over the last one year it has moved up from 1,897.7 to 2,230.3, a gain of 333 points (up 17.5%).

Overall, the S&P BSE SENSEX is up 27.4% over the year.

Current Valuations

At the current price of Rs 87.7, the price to earnings (P/E) ratio of TATA POWER stands at 133.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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