JAIPRAKASH POWER Announces Quarterly Results (1QFY20); Net Profit Down 2922.0%
Tue, 30 Jul

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

JAIPRAKASH POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m10,8317,71010,32033.9%-4.7%
Other incomeRs m7115555-64.5%-22.2%
TurnoverRs m10,9017,86410,37531.9%-4.8%
ExpensesRs m6,4626,7787,3147.9%13.2%
Gross profitRs m4,8969313,007222.8%-38.6%
DepreciationRs m1,1871,1631,1862.0%-0.1%
InterestRs m3,7153,6273,6711.2%-1.2%
Profit before taxRs m65-3,704-1,795-2878.9%
TaxRs m23-1,261-627-2802.2%
Profit after taxRs m41-2,443-1,168-2922.0%
Gross profit margin%45.212.129.1
Effective tax rate%35.934.034.9
Net profit margin%0.4-31.1-11.3
* 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 fell 4.7% on a year-on-year (YoY) basis. The expenses were up by 13.2% YoY during the same period.
  • The company's operating profit declined by 38.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 29.1% in 1QFY20 as against 45.2% in 1QFY19.
  • Depreciation charges declined by 0.1% and finance costs declined by 1.2% YoY, respectively.
  • Other income declined by 22.2% YoY during the quarter.
  • Net profit for the quarter declined by 2922.0% YoY. Net profit margins during the quarter declined from 0.4% in 1QFY19 to -11.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 33.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.9% QoQ during the same period.
  • The company's operating profit increased by 222.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.1% in 1QFY20 as against 12.1% in 4QFY19.
  • Net profit for the quarter increased by 52.2% QoQ, while net profit margins increased from -31.1% in 4QFY19 to -11.3% in 1QFY20.

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

JAIPRAKASH POWER Share Price Performance

Over the last one year,JAIPRAKASH POWER share price has moved down from Rs 2.7 to Rs 1.9, registering a Loss of Rs 0.8 or around 30.7%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,976.2 (up 0.3%). Over the last one year it has moved up from 1,974.1 to 1,976.2, a gain of 2 points (up 0.1%).

Overall, the S&P BSE SENSEX is up 1.1% over the year.

Current Valuations

At the current price of Rs 1.9, the price to book value (P/BV) ratio of JAIPRAKASH POWER stands at 0.1 times.