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MOIL: Lower Realisations and Lower Offtake Hurt Topline and Profitability - Views on News from Equitymaster
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  • Feb 19, 2016 - MOIL: Lower Realisations and Lower Offtake Hurt Topline and Profitability

MOIL: Lower Realisations and Lower Offtake Hurt Topline and Profitability
Feb 19, 2016

Moil Ltd has announced third quarter results of financial year 2015-2016 (3QFY16). While the topline declined by 59.8% YoY, bottomline declined by 87.9% YoY during the quarter.

Performance summary

  • Income from operations declined by 59.8% YoY during 3QFY16.
  • Operating Margin has also declined by 29.9% to 17.4% from 47.3% during 3QFY15.
  • Other income declined during this quarter by 15.9%.
  • Net profit also declined by 87.9% YoY during 3QFY16 on back of decline in operating profit, other income, and increase in depreciation which has increased by 45.4% YoY.
  • Net profit for the 9mFY16 declined by 53.4% YoY.

Standalone Financial Performance Summary

(Rs m) 3QFY15 3QFY16 Change 9mFY15 9mFY16 Change
Total Income 2,184 878 -59.8% 6,619 4,191 -36.7%
Total Expenses 1,151 725 -37.0% 3,583 3,019 -15.7%
Operating profit (EBITDA) 1,033 153 -85.2% 3,035 1,172 -61.4%
Operating profit margin (%) 47.3% 17.4%   45.9% 28.0%  
Other income 722 607 -15.9% 2,180 1,936 -11.2%
Finance cost - -   - -  
Depreciation 94 136 45.4% 284 381 34.4%
Profit before tax & exceptional items 1,661 623 -62.5% 4,932 2,727 -44.7%
Exceptional Item - 409   - 409  
Tax 577 83 -85.6% 1,676 802 -52.1%
Net Profit 1,084 132 -87.9% 3,255 1,516 -53.4%
Net profit margin (%) 49.6% 15.0%   49.2% 36.2%  
No. of shares (m)       168  
Basic diluted earnings per share (Rs)^       15.1  
P/E ratio (x) *         12.2  

*On trailing 12 months basis

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