MEMBER'S LOGINX
| Login Failure | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- Research It
- NITCO
- NITCO Announces Quarterly Results (1QFY20); Net Profit Up 11.5%
NITCO Announces Quarterly Results (1QFY20); Net Profit Up 11.5%
Tue, 13 Aug
NITCO has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:
NITCO Quarterly Financials
| No. of Mths Qtr. Ending | 3 Jun-18* | 3 Mar-19* | 3 Jun-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 1,228 | 1,695 | 1,397 | -17.6% | 13.7% |
| Other income | Rs m | 3 | 6 | 39 | 550.2% | 1365.3% |
| Turnover | Rs m | 1,231 | 1,701 | 1,436 | -15.6% | 16.7% |
| Expenses | Rs m | 1,253 | 1,679 | 1,436 | -14.5% | 14.6% |
| Gross profit | Rs m | -25 | 16 | -33 | -309.1% | |
| Depreciation | Rs m | 77 | 77 | 97 | 25.6% | 25.4% |
| Interest | Rs m | 48 | 48 | 51 | 7.6% | 7.1% |
| Profit before tax | Rs m | -148 | -103 | -142 | ||
| Tax | Rs m | 0 | 0 | -11 | 0.0% | 0.0% |
| Profit after tax | Rs m | -148 | -103 | -131 | ||
| Gross profit margin | % | -2.1 | 0.9 | -2.4 | ||
| Effective tax rate | % | 0.0 | 0.0 | 7.9 | ||
| Net profit margin | % | -12.0 | -6.0 | -9.1 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 13.7% on a year-on-year (YoY) basis. The expenses were up by 14.6% YoY during the same period.
- The company's operating profit increased by 30.5% YoY during the quarter. Consequently, operating profit margins remained same and stood at 2.4% in 1QFY20.
- Depreciation charges increased by 25.4% and finance costs increased by 7.1% YoY, respectively.
- Other income increased by 1365.3% YoY during the quarter.
- Net profit for the quarter increased by 11.5% YoY. Net profit margins during the quarter increased from -12.0% in 1QFY19 to -9.1% in 1QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 17.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 14.5% QoQ during the same period.
- The company's operating profit declined by 309.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.4% in 1QFY20 as against 0.9% in 4QFY19.
- Net profit for the quarter declined by 27.1% QoQ, while net profit margins declined from -6.1% in 4QFY19 to -9.1% in 1QFY20.
To see how NITCO has performed over the last eight quarters,please visit here.
NITCO Share Price Performance
Over the last one year,NITCO share price has moved down from Rs 68.1 to Rs 21.4, registering a Loss of Rs 46.7 or around 68.6%.
Overall, the S&P BSE SENSEX is down 1.3% over the year.
Current Valuations
At the current price of Rs 21.4, the price to book value (P/BV) ratio of NITCO stands at 0.8 times.
Related Views on News
NITCO Announces Quarterly Results (2QFY20); Net Profit Down 93.4% (Quarterly Result Update)
Nov 12, 2019 | Updated on Nov 12, 2019For the quarter ended September 2019, NITCO has posted a net profit of Rs 250 m (down 93.4% YoY). Sales on the other hand came in at Rs 1 bn (down 3.4% YoY). Read on for a complete analysis of NITCO's quarterly results.
NITCO 2018-19 Annual Report Analysis (Annual Result Update)
Sep 23, 2019 | Updated on Sep 23, 2019Here's an analysis of the annual report of NITCO for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of NITCO. Also includes updates on the valuation of NITCO.
NITCO Announces Quarterly Results (4QFY19); Net Profit Down 104.7% (Quarterly Result Update)
Jun 14, 2019 | Updated on Jun 14, 2019For the quarter ended March 2019, NITCO has posted a net profit of Rs 103 m (down 104.7% YoY). Sales on the other hand came in at Rs 2 bn (up 6.7% YoY). Read on for a complete analysis of NITCO's quarterly results.
More Views on NewsMost Popular
It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)
Feb 24, 2021Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.
Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)
Feb 25, 2021In this video, I'll show you how to get started on the path to daily trading profits.
I Believe the Investment of the Year Will Be...
Feb 19, 2021In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.
The Hidden Tesla in My Great Indian Wealth Project(Profit Hunter)
Feb 23, 2021An Indian company founded three decades ago in a garage caught my attention...
More|
| |
OUR TOP 5 IDEAS
- Free Report: Multibagger Stock Ideas 2021
- Are You Making One of These 15 Costly Mistakes While Investing. Learn more!
- Covid-19 Proof Multibagger Stocks - Download this FREE Report Now
- Free Report: The Secret to Increasing Your Trading Profits Daily!
- No Guessing, No Hunches, and No Missed Trends Ever! Join Us on YouTube Now.
NITCO SHARE PRICE
Mar 4, 2021 12:14 PM
TRACK NITCO
- Track your investment in NITCO with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
- Add To MyStocks
MORE ON NITCO
NITCO - HSIL COMPARISON
COMPARE NITCO WITH
MARKET STATS
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
FREE NEWSLETTERS
PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
- Basics of Value Investing
- Benjamin Graham
- How to Invest in Gold
- How to Invest in Silver
- Best Stocks to Buy Today
- Warren Buffett - The Value Investor
- The Best Small-cap Stocks to Buy
- The Best Bluechip Stocks to Buy
- Your Ultimate Guide to Penny Stock Investing
- 10 Rules for Successful Long-Term Investing
- How to Invest in the Share Market
- Momentum Moves
FOLLOW
APP
Copyright © Equitymaster Agora Research Private Limited.
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster requests your view! Post a comment on "NITCO Announces Quarterly Results (1QFY20); Net Profit Up 11.5%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!