NAGARJUNA AGRICHEM Announces Quarterly Results (2QFY19); Net Profit Down 26.0%

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NAGARJUNA AGRICHEM Announces Quarterly Results (2QFY19); Net Profit Down 26.0%
Thu, 15 Nov

NAGARJUNA AGRICHEM has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

NAGARJUNA AGRICHEM Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,0682,1822,86231.2%-6.7%
Other incomeRs m4434811.5%1031.0%
TurnoverRs m3,0732,2252,90930.8%-5.3%
ExpensesRs m2,8182,0852,69729.3%-4.3%
Gross profitRs m2519716570.5%-34.1%
DepreciationRs m7052520.6%-26.3%
InterestRs m808180-2.1%0.3%
Profit before taxRs m1057811147.7%-22.8%
TaxRs m33-528-15.9%
Profit after taxRs m721153377.5%-26.0%
Gross profit margin%8.24.45.8
Effective tax rate%31.8-70.834.6
Net profit margin%2.30.51.8
* 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 6.7% on a year-on-year (YoY) basis. The expenses were down by 4.3% YoY during the same period.
  • The company's operating profit declined by 34.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.8% in 2QFY19 as against 8.2% in 2QFY18.
  • Depreciation charges declined by 26.3% and finance costs increased by 0.3% YoY, respectively.
  • Other income increased by 1031.0% YoY during the quarter.
  • Net profit for the quarter declined by 26.0% YoY. Net profit margins during the quarter declined from 2.3% in 2QFY18 to 1.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 31.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 29.3% QoQ during the same period.
  • The company's operating profit increased by 70.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.8% in 2QFY19 as against 4.4% in 1QFY18.
  • Net profit for the quarter increased by 377.5% QoQ, while net profit margins increased from 0.5% in 1QFY18 to 1.8% in 2QFY19.

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

NAGARJUNA AGRICHEM Share Price Performance

Over the last one year, NAGARJUNA AGRICHEM share price has moved up from Rs 44.1 to Rs 27.0, registering a Loss of Rs 17.1 or around 38.8%.

Overall, the S&P BSE SENSEX is up 6.8% over the year.

Current Valuations

At the current price of Rs 27.0, the price to earnings (P/E) ratio of NAGARJUNA AGRICHEM stands at 51.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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