NOCIL Announces Quarterly Results (3QFY21); Net Profit Up 6.8%

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NOCIL Announces Quarterly Results (3QFY21); Net Profit Up 6.8%
Wed, 3 Feb

NOCIL has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

NOCIL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m1,9432,2162,74623.9%41.3%
Other incomeRs m1391673.6%23.4%
TurnoverRs m1,9562,2252,76224.1%41.2%
ExpensesRs m1,5861,9042,37724.8%49.8%
Gross profitRs m35731236918.3%3.4%
DepreciationRs m798888-0.1%10.6%
InterestRs m332-7.7%-25.0%
Profit before taxRs m28723129527.8%2.6%
TaxRs m81647415.1%-8.3%
Profit after taxRs m20716622132.7%6.8%
Gross profit margin%18.414.113.4
Effective tax rate%28.127.825.1
Net profit margin%10.67.58.0
* 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 41.3% on a year-on-year (YoY) basis. The expenses were up by 49.8% YoY during the same period.
  • The company's operating profit increased by 3.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.4% in 3QFY21 as against 18.4% in 3QFY20.
  • Depreciation charges increased by 10.6% and finance costs declined by 25.0% YoY, respectively.
  • Other income increased by 23.4% YoY during the quarter.
  • Net profit for the quarter increased by 6.8% YoY. Net profit margins during the quarter declined from 10.6% in 3QFY20 to 8.0% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 23.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 24.8% QoQ during the same period.
  • The company's operating profit increased by 18.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.4% in 3QFY21 as against 14.1% in 2QFY20.
  • Net profit for the quarter increased by 32.7% QoQ, while net profit margins increased from 7.5% in 2QFY20 to 8.0% in 3QFY21.

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 89.4 to Rs 143.2, registering a Gain of Rs 53.9 or around 60.3%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 14,542.8 (up 0.6%). Over the last one year it has moved up from 13,636.6 to 14,542.8, a gain of 906 points (up 6.6%).

Overall, the S&P BSE SENSEX is up 26.6% over the year.

Current Valuations

At the current price of Rs 143.2, the price to earnings (P/E) ratio of NOCIL stands at 35.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.0 times.

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Oct 20, 2021 03:35 PM

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