NCC LTD Announces Quarterly Results (2QFY19); Net Profit Up 503.7%

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NCC LTD Announces Quarterly Results (2QFY19); Net Profit Up 503.7%
Thu, 15 Nov

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

NCC LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m13,00123,59632,42837.4%149.4%
Other incomeRs m422295192-35.1%-54.6%
TurnoverRs m13,42423,89132,61936.5%143.0%
ExpensesRs m11,75820,91828,41935.9%141.7%
Gross profitRs m6542,6783,59234.2%449.5%
DepreciationRs m29034347739.0%64.3%
InterestRs m8881,0161,25723.7%41.6%
Profit before taxRs m-1021,6142,05027.0%
TaxRs m-30557782542.8%
Profit after taxRs m2031,0371,22618.2%503.7%
Gross profit margin%5.011.311.1
Effective tax rate%299.235.840.2
Net profit margin%1.54.33.8
* 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 grew 149.4% on a year-on-year (YoY) basis. The expenses were up by 141.7% YoY during the same period.
  • The company's operating profit increased by 449.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.1% in 2QFY19 as against 5.0% in 2QFY18.
  • Depreciation charges increased by 64.3% and finance costs increased by 41.6% YoY, respectively.
  • Other income declined by 54.6% YoY during the quarter.
  • Net profit for the quarter increased by 503.7% YoY. Net profit margins during the quarter increased from 1.5% in 2QFY18 to 3.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 37.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 35.9% QoQ during the same period.
  • The company's operating profit declined by 34.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.1% in 2QFY19 as against 11.3% in 1QFY18.
  • Net profit for the quarter increased by 18.2% QoQ, while net profit margins declined from 4.3% in 1QFY18 to 3.8% in 2QFY19.

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

NCC LTD Share Price Performance

Over the last one year, NCC LTD share price has moved up from Rs 100.5 to Rs 90.7, registering a Loss of Rs 9.8 or around 9.7%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,697.5 (down 0.0%). Over the last one year it has moved down from 2,249.8 to 1,697.5, a gain of 552 points (down 24.5%).

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

Current Valuations

At the current price of Rs 90.7, the price to earnings (P/E) ratio of NCC LTD stands at 11.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.2 times.

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