NOCIL LTD. Announces Quarterly Results (3QFY19); Net Profit Down 0.7%

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NOCIL LTD. Announces Quarterly Results (3QFY19); Net Profit Down 0.7%
Mon, 4 Feb

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

NOCIL LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,4932,7202,612-4.0%4.8%
Other incomeRs m323220-37.2%-36.8%
TurnoverRs m2,5252,7522,633-4.3%4.3%
ExpensesRs m1,7971,9311,887-2.3%5.0%
Gross profitRs m696789725-8.1%4.2%
DepreciationRs m4056560.9%41.0%
InterestRs m311-46.2%-75.0%
Profit before taxRs m685764688-9.9%0.5%
TaxRs m2352362422.6%2.7%
Profit after taxRs m450528447-15.5%-0.7%
Gross profit margin%27.929.027.8
Effective tax rate%34.430.835.1
Net profit margin%17.819.217.0
* 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 4.8% on a year-on-year (YoY) basis. The expenses were up by 5.0% YoY during the same period.
  • The company's operating profit increased by 4.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 27.8% in 3QFY19.
  • Depreciation charges increased by 41.0% and finance costs declined by 75.0% YoY, respectively.
  • Other income declined by 36.8% YoY during the quarter.
  • Net profit for the quarter declined by 0.7% YoY. Net profit margins during the quarter declined from 17.8% in 3QFY18 to 17.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.3% QoQ during the same period.
  • The company's operating profit declined by 8.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.8% in 3QFY19 as against 29.0% in 2QFY18.
  • Net profit for the quarter declined by 15.5% QoQ, while net profit margins declined from 19.2% in 2QFY18 to 17.0% in 3QFY19.

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

NOCIL LTD. Share Price Performance

Over the last one year, NOCIL LTD. share price has moved up from Rs 186.3 to Rs 131.8, registering a Loss of Rs 54.5 or around 29.3%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,643.6 (up 0.1%). Over the last one year it has moved down from 15,667.7 to 13,643.6, a gain of 2,024 points (down 12.9%).

Overall, the S&P BSE SENSEX is up 1.5% over the year.

Current Valuations

At the current price of Rs 131.8, the price to earnings (P/E) ratio of NOCIL LTD. stands at 10.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

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