NALCO Announces Quarterly Results (2QFY19); Net Profit Up 117.4%

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NALCO Announces Quarterly Results (2QFY19); Net Profit Up 117.4%
Wed, 14 Nov

NALCO has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

NALCO Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m24,54829,73330,4092.3%23.9%
Other incomeRs m81062190345.3%11.5%
TurnoverRs m25,35730,35431,3123.2%23.5%
ExpensesRs m21,19319,62221,90011.6%3.3%
Gross profitRs m3,51711,0218,509-22.8%142.0%
DepreciationRs m1,1231,2171,160-4.7%3.3%
InterestRs m4667.0%38.6%
Profit before taxRs m3,19910,4198,246-20.9%157.8%
TaxRs m8533,5493,146-11.3%269.0%
Profit after taxRs m2,3466,8715,100-25.8%117.4%
Gross profit margin%14.337.128.0
Effective tax rate%26.734.138.2
Net profit margin%9.322.616.3
* 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 grew 23.9% on a year-on-year (YoY) basis. The expenses were up by 3.3% YoY during the same period.
  • The company's operating profit increased by 142.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.0% in 2QFY19 as against 14.3% in 2QFY18.
  • Depreciation charges increased by 3.3% and finance costs increased by 38.6% YoY, respectively.
  • Other income increased by 11.5% YoY during the quarter.
  • Net profit for the quarter increased by 117.4% YoY. Net profit margins during the quarter increased from 9.3% in 2QFY18 to 16.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.6% QoQ during the same period.
  • The company's operating profit declined by 22.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 28.0% in 2QFY19 as against 37.1% in 1QFY18.
  • Net profit for the quarter declined by 25.8% QoQ, while net profit margins declined from 22.6% in 1QFY18 to 16.3% in 2QFY19.

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 up from Rs 85.1 to Rs 66.8, registering a Loss of Rs 18.3 or around 21.5%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 12,834.4 (up 0.4%). Over the last one year it has moved down from 14,274.2 to 12,834.4, a gain of 1,440 points (down 10.1%).

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 66.8, the price to earnings (P/E) ratio of NALCO stands at 7.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 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 (1QFY20); Net Profit Down 85.8% (Quarterly Result Update)

Aug 14, 2019 | Updated on Aug 14, 2019

For the quarter ended June 2019, NALCO has posted a net profit of Rs 978 m (down 85.8% YoY). Sales on the other hand came in at Rs 21 bn (down 29.9% YoY). Read on for a complete analysis of NALCO's quarterly results.

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.

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