NAGARJUNA AGRICHEM Announces Quarterly Results (3QFY19); Net Profit Up 5.8%

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NAGARJUNA AGRICHEM Announces Quarterly Results (3QFY19); Net Profit Up 5.8%
Wed, 20 Feb

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

NAGARJUNA AGRICHEM Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,8672,8621,957-31.6%4.8%
Other incomeRs m53485924.4%11.9%
TurnoverRs m1,9202,9092,016-30.7%5.0%
ExpensesRs m1,7482,6971,861-31.0%6.5%
Gross profitRs m11916596-42.2%-20.0%
DepreciationRs m705251-2.7%-27.4%
InterestRs m7880868.4%10.9%
Profit before taxRs m258118-78.2%-28.3%
TaxRs m11283-88.6%-70.9%
Profit after taxRs m145315-72.6%5.8%
Gross profit margin%6.45.84.9
Effective tax rate%44.534.618.1
Net profit margin%0.71.80.7
* 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 6.5% YoY during the same period.
  • The company's operating profit declined by 20.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.9% in 3QFY19 as against 6.4% in 3QFY18.
  • Depreciation charges declined by 27.4% and finance costs increased by 10.9% YoY, respectively.
  • Other income increased by 11.9% YoY during the quarter.
  • Net profit for the quarter increased by 5.8% YoY. Net profit margins during the quarter increased from 0.7% in 3QFY18 to 0.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 31.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 31.0% QoQ during the same period.
  • The company's operating profit declined by 42.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.9% in 3QFY19 as against 5.8% in 2QFY18.
  • Net profit for the quarter declined by 72.6% QoQ, while net profit margins declined from 1.8% in 2QFY18 to 0.7% in 3QFY19.

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 43.8 to Rs 28.2, registering a Loss of Rs 15.6 or around 35.5%.

Overall, the S&P BSE SENSEX is up 5.4% over the year.

Current Valuations

At the current price of Rs 28.2, the price to earnings (P/E) ratio of NAGARJUNA AGRICHEM stands at 53.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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