NALCO Announces Quarterly Results (1QFY20); Net Profit Down 85.8%

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NALCO Announces Quarterly Results (1QFY20); Net Profit Down 85.8%
Wed, 14 Aug

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

NALCO Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m29,73327,66220,841-24.7%-29.9%
Other incomeRs m621977614-37.2%-1.2%
TurnoverRs m30,35428,63921,455-25.1%-29.3%
ExpensesRs m19,62222,48718,697-16.9%-4.7%
Gross profitRs m11,0214,2652,144-49.7%-80.5%
DepreciationRs m1,2171,2031,2645.1%3.9%
InterestRs m6616171.7%186.0%
Profit before taxRs m10,4194,0331,477-63.4%-85.8%
TaxRs m3,5491,697499-70.6%-85.9%
Profit after taxRs m6,8712,336978-58.1%-85.8%
Gross profit margin%37.115.410.3
Effective tax rate%34.142.133.8
Net profit margin%22.68.24.6
* 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 29.9% on a year-on-year (YoY) basis. The expenses were down by 4.7% YoY during the same period.
  • The company's operating profit declined by 80.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.3% in 1QFY20 as against 37.1% in 1QFY19.
  • Depreciation charges increased by 3.9% and finance costs increased by 186.0% YoY, respectively.
  • Other income declined by 1.2% YoY during the quarter.
  • Net profit for the quarter declined by 85.8% YoY. Net profit margins during the quarter declined from 22.6% in 1QFY19 to 4.6% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 24.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.9% QoQ during the same period.
  • The company's operating profit declined by 49.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.3% in 1QFY20 as against 15.4% in 4QFY19.
  • Net profit for the quarter declined by 58.1% QoQ, while net profit margins declined from 8.2% in 4QFY19 to 4.6% in 1QFY20.

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

NALCO Share Price Performance

Over the last one year,NALCO share price has moved down from Rs 70.4 to Rs 41.5, registering a Loss of Rs 29.0 or around 41.1%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 8,995.2 (up 2.8%). Over the last one year it has moved down from 12,945.8 to 8,995.2, a gain of 3,951 points (down 30.5%).

Overall, the S&P BSE SENSEX is down 0.6% over the year.

Current Valuations

At the current price of Rs 41.5, the price to earnings (P/E) ratio of NALCO stands at 9.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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NALCO 2018-19 Annual Report Analysis (Annual Result Update)

Sep 9, 2019 | Updated on Sep 9, 2019

Here's an analysis of the annual report of NALCO for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of NALCO. Also includes updates on the valuation of NALCO.

NALCO Announces Quarterly Results (4QFY19); Net Profit Down 9.1% (Quarterly Result Update)

Jun 3, 2019 | Updated on Jun 3, 2019

For the quarter ended March 2019, NALCO has posted a net profit of Rs 2 bn (down 9.1% YoY). Sales on the other hand came in at Rs 28 bn (down 3.4% YoY). Read on for a complete analysis of NALCO's quarterly results.

NALCO Announces Quarterly Results (3QFY19); Net Profit Down 58.2% (Quarterly Result Update)

Feb 11, 2019 | Updated on Feb 11, 2019

For the quarter ended December 2018, NALCO has posted a net profit of Rs 3 bn (down 58.2% YoY). Sales on the other hand came in at Rs 27 bn (up 13.8% YoY). Read on for a complete analysis of NALCO's quarterly results.

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