NOCIL Announces Quarterly Results (1QFY20); Net Profit Down 35.6%

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NOCIL Announces Quarterly Results (1QFY20); Net Profit Down 35.6%
Thu, 1 Aug

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

NOCIL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m2,6812,4162,296-5.0%-14.4%
Other incomeRs m2123259.8%17.6%
TurnoverRs m2,7022,4382,321-4.8%-14.1%
ExpensesRs m1,8791,8251,734-5.0%-7.7%
Gross profitRs m802591562-4.9%-30.0%
DepreciationRs m54637721.2%40.6%
InterestRs m323100.0%18.5%
Profit before taxRs m766549507-7.7%-33.9%
TaxRs m258191180-5.9%-30.4%
Profit after taxRs m508358327-8.6%-35.6%
Gross profit margin%29.924.524.5
Effective tax rate%33.734.835.5
Net profit margin%18.814.714.1
* 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 14.4% on a year-on-year (YoY) basis. The expenses were down by 7.7% YoY during the same period.
  • The company's operating profit declined by 30.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.5% in 1QFY20 as against 29.9% in 1QFY19.
  • Depreciation charges increased by 40.6% and finance costs increased by 18.5% YoY, respectively.
  • Other income increased by 17.6% YoY during the quarter.
  • Net profit for the quarter declined by 35.6% YoY. Net profit margins during the quarter declined from 18.8% in 1QFY19 to 14.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.0% QoQ during the same period.
  • The company's operating profit increased by 4.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.5% in 1QFY20 as against 24.5% in 4QFY19.
  • Net profit for the quarter declined by 8.6% QoQ, while net profit margins declined from 14.7% in 4QFY19 to 14.1% in 1QFY20.

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

NOCIL Share Price Performance

Over the last one year,NOCIL share price has moved down from Rs 173.2 to Rs 87.3, registering a Loss of Rs 86.0 or around 49.6%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,164.5 (down 0.5%). Over the last one year it has moved down from 15,172.4 to 13,164.5, a gain of 2,008 points (down 13.2%).

Overall, the S&P BSE SENSEX is down 1.1% over the year.

Current Valuations

At the current price of Rs 87.3, the price to earnings (P/E) ratio of NOCIL stands at 8.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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