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TATA POWER Announces Quarterly Results (1QFY20); Net Profit Down 85.1%
Fri, 2 Aug

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

TATA POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m73,13472,30277,6677.4%6.2%
Other incomeRs m8981,8671,079-42.2%20.2%
TurnoverRs m74,03274,16978,7466.2%6.4%
ExpensesRs m55,42658,81654,647-7.1%-1.4%
Gross profitRs m34,93313,48722,08163.7%-36.8%
DepreciationRs m6,0066,0356,2002.7%3.2%
InterestRs m10,13011,08711,4393.2%12.9%
Profit before taxRs m19,695-1,7685,522-72.0%
TaxRs m5,6961,1523,429197.6%-39.8%
Profit after taxRs m13,999-2,9202,092-85.1%
Gross profit margin%47.818.728.4
Effective tax rate%28.9-65.262.1
Net profit margin%18.9-3.92.7
* 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 6.2% on a year-on-year (YoY) basis. The expenses were down by 1.4% YoY during the same period.
  • The company's operating profit declined by 36.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 28.4% in 1QFY20 as against 47.8% in 1QFY19.
  • Depreciation charges increased by 3.2% and finance costs increased by 12.9% YoY, respectively.
  • Other income increased by 20.2% YoY during the quarter.
  • Net profit for the quarter declined by 85.1% YoY. Net profit margins during the quarter declined from 18.9% in 1QFY19 to 2.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.1% QoQ during the same period.
  • The company's operating profit increased by 63.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.4% in 1QFY20 as against 18.7% in 4QFY19.
  • Net profit for the quarter increased by 171.7% QoQ, while net profit margins increased from -3.9% in 4QFY19 to 2.7% in 1QFY20.

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

TATA POWER Share Price Performance

Over the last one year,TATA POWER share price has moved down from Rs 71.9 to Rs 59.2, registering a Loss of Rs 12.7 or around 17.7%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,941.4 (down 1.1%). Over the last one year it has moved down from 1,981.1 to 1,941.4, a gain of 40 points (down 2.0%).

Overall, the S&P BSE SENSEX is down 2.3% over the year.

Current Valuations

At the current price of Rs 59.2, the price to earnings (P/E) ratio of TATA POWER stands at 34.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.