NOCIL Announces Quarterly Results (1QFY22); Net Profit Up 296.7%

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NOCIL Announces Quarterly Results (1QFY22); Net Profit Up 296.7%
Thu, 5 Aug

NOCIL has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

NOCIL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m1,0653,2203,4457.0%223.4%
Other incomeRs m1032311-52.6%-89.2%
TurnoverRs m1,1683,2433,4566.6%195.9%
ExpensesRs m9812,6972,7110.5%176.4%
Gross profitRs m8452373440.3%770.9%
DepreciationRs m921011054.8%15.2%
InterestRs m3224.5%-8.0%
Profit before taxRs m9344463843.6%584.1%
TaxRs m-2671164131.3%
Profit after taxRs m12037347427.0%296.7%
Gross profit margin%7.916.321.3
Effective tax rate%-28.215.925.6
Net profit margin%10.211.513.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 223.4% on a year-on-year (YoY) basis. The expenses were up by 176.4% YoY during the same period.
  • The company's operating profit increased by 770.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.3% in 1QFY22 as against 7.9% in 1QFY21.
  • Depreciation charges increased by 15.2% and finance costs declined by 8.0% YoY, respectively.
  • Other income declined by 89.2% YoY during the quarter.
  • Net profit for the quarter increased by 296.7% YoY. Net profit margins during the quarter increased from 10.2% in 1QFY21 to 13.7% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.5% QoQ during the same period.
  • The company's operating profit increased by 40.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.3% in 1QFY22 as against 16.3% in 4QFY21.
  • Net profit for the quarter increased by 27.0% QoQ, while net profit margins increased from 11.5% in 4QFY21 to 13.7% in 1QFY22.

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

Find Out: How to Create Massive Gains from Govt's Mega 2023 Plan?

NOCIL Share Price Performance

Over the last one year, NOCIL share price has moved up from Rs 113.8 to Rs 280.3, registering a Gain of Rs 166.5 or around 146.4%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 15,750.3 (down 0.2%). Over the last one year it has moved up from 13,125.3 to 15,750.3, a gain of 2,625 points (up 20.0%).

Overall, the S&P BSE SENSEX is up 47.5% over the year.

Current Valuations

At the current price of Rs 280.3, the price to earnings (P/E) ratio of NOCIL stands at 37.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 times.

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