BF UTILITIES Announces Quarterly Results (3QFY19); Net Profit Up 19.8%
Fri, 1 Feb

BF UTILITIES has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

BF UTILITIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m498234-58.5%-30.7%
Other incomeRs m147101981936.8%34.7%
TurnoverRs m19691232153.2%18.3%
ExpensesRs m246329-54.3%19.8%
Gross profitRs m25195-72.4%-79.1%
DepreciationRs m1010100.0%0.1%
InterestRs m95612.0%-36.3%
Profit before taxRs m153141871247.7%22.4%
TaxRs m-4-1-1
Profit after taxRs m157151881133.4%19.8%
Gross profit margin%51.123.215.4
Effective tax rate%-2.4-9.6-0.3
Net profit margin%80.216.781.2
* 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 fell 30.7% on a year-on-year (YoY) basis. The expenses were up by 19.8% YoY during the same period.
  • The company's operating profit declined by 79.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.4% in 3QFY19 as against 51.1% in 3QFY18.
  • Depreciation charges increased by 0.1% and finance costs declined by 36.3% YoY, respectively.
  • Other income increased by 34.7% YoY during the quarter.
  • Net profit for the quarter increased by 19.8% YoY. Net profit margins during the quarter increased from 80.2% in 3QFY18 to 81.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 58.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 54.3% QoQ during the same period.
  • The company's operating profit declined by 72.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.4% in 3QFY19 as against 23.2% in 2QFY18.
  • Net profit for the quarter increased by 1133.4% QoQ, while net profit margins increased from 16.5% in 2QFY18 to 81.2% in 3QFY19.

To see how BF UTILITIES has performed over the last eight quarters, please visit here.

BF UTILITIES Share Price Performance

Over the last one year, BF UTILITIES share price has moved up from Rs 469.2 to Rs 199.6, registering a Loss of Rs 269.6 or around 57.5%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,884.9 (up 0.2%). Over the last one year it has moved down from 2,320.6 to 1,884.9, a gain of 436 points (down 18.8%).

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 199.6, the price to earnings (P/E) ratio of BF UTILITIES stands at 25.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at -3.3 times.