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

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NALCO Announces Quarterly Results (3QFY19); Net Profit Down 58.2%
Mon, 11 Feb

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

NALCO Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m23,88830,40927,189-10.6%13.8%
Other incomeRs m766903758-16.0%-1.1%
TurnoverRs m24,65431,31227,947-10.7%13.4%
ExpensesRs m20,45121,90022,0590.7%7.9%
Gross profitRs m11,4528,5095,130-39.7%-55.2%
DepreciationRs m1,2431,1601,1811.8%-5.0%
InterestRs m566-1.6%17.6%
Profit before taxRs m10,9698,2464,701-43.0%-57.1%
TaxRs m3,7523,1461,683-46.5%-55.1%
Profit after taxRs m7,2185,1003,018-40.8%-58.2%
Gross profit margin%47.928.018.9
Effective tax rate%34.238.235.8
Net profit margin%29.316.310.8
* 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 13.8% on a year-on-year (YoY) basis. The expenses were up by 7.9% YoY during the same period.
  • The company's operating profit declined by 55.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.9% in 3QFY19 as against 47.9% in 3QFY18.
  • Depreciation charges declined by 5.0% and finance costs increased by 17.6% YoY, respectively.
  • Other income declined by 1.1% YoY during the quarter.
  • Net profit for the quarter declined by 58.2% YoY. Net profit margins during the quarter declined from 29.3% in 3QFY18 to 10.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.7% QoQ during the same period.
  • The company's operating profit declined by 39.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.9% in 3QFY19 as against 28.0% in 2QFY18.
  • Net profit for the quarter declined by 40.8% QoQ, while net profit margins declined from 16.3% in 2QFY18 to 10.8% in 3QFY19.

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 73.7 to Rs 53.8, registering a Loss of Rs 19.9 or around 27.0%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,209.9 (down 0.5%). Over the last one year it has moved down from 15,100.6 to 10,209.9, a gain of 4,891 points (down 32.4%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 53.8, 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 1.3 times.

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

Nov 14, 2018 | Updated on Nov 14, 2018

For the quarter ended September 2018, NALCO has posted a net profit of Rs 5 bn (up 117.4% YoY). Sales on the other hand came in at Rs 30 bn (up 23.9% YoY). Read on for a complete analysis of NALCO's quarterly results.

NALCO Announces Quarterly Results (1QFY19); Net Profit Up 432.8% (Quarterly Result Update)

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For the quarter ended June 2018, NALCO has posted a net profit of Rs 7 bn (up 432.8% YoY). Sales on the other hand came in at Rs 30 bn (up 55.5% YoY). Read on for a complete analysis of NALCO's quarterly results.

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