X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
NITCO LTD Announces Quarterly Results (3QFY19); Net Profit Down 9.7%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

NITCO LTD Announces Quarterly Results (3QFY19); Net Profit Down 9.7%
Wed, 20 Feb

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

NITCO LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,3781,3191,66226.0%20.6%
Other incomeRs m3442.5%36.2%
TurnoverRs m1,3801,3231,66525.9%20.6%
ExpensesRs m1,3621,3201,62723.2%19.5%
Gross profitRs m16-135121.8%
DepreciationRs m947978-0.2%-16.5%
InterestRs m65349-7.5%766.7%
Profit before taxRs m-81-129-89
TaxRs m0000.0%0.0%
Profit after taxRs m-81-129-89
Gross profit margin%1.1-0.12.1
Effective tax rate%0.00.00.0
Net profit margin%-5.9-9.8-5.4
* 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 20.6% on a year-on-year (YoY) basis. The expenses were up by 19.5% YoY during the same period.
  • The company's operating profit increased by 121.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 2.1% in 3QFY19 as against 1.1% in 3QFY18.
  • Depreciation charges declined by 16.5% and finance costs increased by 766.7% YoY, respectively.
  • Other income increased by 36.2% YoY during the quarter.
  • Net profit for the quarter declined by 9.7% YoY. Net profit margins during the quarter increased from -5.9% in 3QFY18 to -5.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 26.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 23.2% QoQ during the same period.
  • The company's operating profit increased by 3010.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 2.1% in 3QFY19 as against 0.1% in 2QFY18.
  • Net profit for the quarter increased by 31.0% QoQ, while net profit margins increased from -9.8% in 2QFY18 to -5.4% in 3QFY19.

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

NITCO LTD Share Price Performance

Over the last one year, NITCO LTD share price has moved up from Rs 120.9 to Rs 35.5, registering a Loss of Rs 85.4 or around 70.6%.

Overall, the S&P BSE SENSEX is up 5.4% over the year.

Current Valuations

At the current price of Rs 35.5, the price to earnings (P/E) ratio of NITCO LTD stands at 1.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

Equitymaster requests your view! Post a comment on "NITCO LTD Announces Quarterly Results (3QFY19); Net Profit Down 9.7%". Click here!

  

Related Views on News

NITCO Announces Quarterly Results (4QFY19); Net Profit Down 104.7% (Quarterly Result Update)

Jun 14, 2019 | Updated on Jun 14, 2019

For 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.

NITCO LTD 2017-18 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

Here's an analysis of the annual report of NITCO LTD for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of NITCO LTD. Also includes updates on the valuation of NITCO LTD.

NITCO LTD Announces Quarterly Results (2QFY19); Net Profit Down 41.5% (Quarterly Result Update)

Nov 5, 2018 | Updated on Nov 5, 2018

For the quarter ended September 2018, NITCO LTD has posted a net profit of Rs 129 m (down 41.5% YoY). Sales on the other hand came in at Rs 1 bn (down 1.2% YoY). Read on for a complete analysis of NITCO LTD's quarterly results.

More Views on News

Most Popular

These 3 Smallcap Stocks are Set to Make the Most of Smallcap Rebound(Profit Hunter)

Jul 9, 2019

As the sense of normalcy returns to the markets, the rebound in the quality smallcaps could be huge.

2 Stocks from Super Investor Sanjay Bakshi's Portfolio You Can Bet On...(The 5 Minute Wrapup)

Jul 12, 2019

Despite the current fear prevailing in the markets, both these stocks have the potential to deliver in 4-5 years.

After Disappointing Budget, Here's a Document that Concerns Largecap and Smallcap Investors(The 5 Minute Wrapup)

Jul 8, 2019

A new 'definition' of the stock universe that triggered the smallcap sell-off is back with the latest list...

Here's What to Do with Falling Small Cap Stocks(Profit Hunter)

Jul 10, 2019

There are some great buying opportunities in the market right now - and the small cap space is your best bet.

Budget an Icing on the Cake for This Smart Money Backed Affordable Housing Stock(The 5 Minute Wrapup)

Jul 10, 2019

Affordable housing is one of the most straightforward growth stories in India. This will help the real estate sector to come out of the slump.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

NITCO SHARE PRICE


Jul 19, 2019 03:35 PM

TRACK NITCO

NITCO - HSIL LTD COMPARISON

COMPARE NITCO WITH

MARKET STATS