NALCO Announces Quarterly Results (3QFY20); Net Profit Down 111.3%

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NALCO Announces Quarterly Results (3QFY20); Net Profit Down 111.3%
Tue, 11 Feb

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

NALCO Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m27,18923,63620,884-11.6%-23.2%
Other incomeRs m758566482-14.7%-36.4%
TurnoverRs m27,94724,20121,366-11.7%-23.5%
ExpensesRs m22,05923,31420,540-11.9%-6.9%
Gross profitRs m5,1303223436.8%-93.3%
DepreciationRs m1,1811,3431,341-0.1%13.6%
InterestRs m616170.6%175.0%
Profit before taxRs m4,701-472-532-111.3%
TaxRs m1,683-188-193-111.4%
Profit after taxRs m3,018-284-340-111.3%
Gross profit margin%18.91.41.6
Effective tax rate%35.839.936.2
Net profit margin%10.8-1.2-1.6
* 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 23.2% on a year-on-year (YoY) basis. The expenses were down by 6.9% YoY during the same period.
  • The company's operating profit declined by 93.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.6% in 3QFY20 as against 18.9% in 3QFY19.
  • Depreciation charges increased by 13.6% and finance costs increased by 175.0% YoY, respectively.
  • Other income declined by 36.4% YoY during the quarter.
  • Net profit for the quarter declined by 111.3% YoY. Net profit margins during the quarter declined from 10.8% in 3QFY19 to -1.6% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.9% QoQ during the same period.
  • The company's operating profit increased by 6.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 1.6% in 3QFY20 as against 1.4% in 2QFY19.
  • Net profit for the quarter declined by 19.8% QoQ, while net profit margins declined from -1.2% in 2QFY19 to -1.6% in 3QFY20.

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

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NALCO Share Price Performance

Over the last one year,NALCO share price has moved down from Rs 54.1 to Rs 42.0, registering a Loss of Rs 12.1 or around 22.3%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 9,824.8 (up 1.4%). Over the last one year it has moved down from 10,208.2 to 9,824.8, a gain of 383 points (down 3.8%).

Overall, the S&P BSE SENSEX is up 13.7% over the year.

Current Valuations

At the current price of Rs 42.0, the price to earnings (P/E) ratio of NALCO stands at 40.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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