NATIONAL FERT. Announces Quarterly Results (2QFY20); Net Profit Down 66.0%

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NATIONAL FERT. Announces Quarterly Results (2QFY20); Net Profit Down 66.0%
Thu, 14 Nov

NATIONAL FERT. has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

NATIONAL FERT. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m32,37725,47036,62043.8%13.1%
Other incomeRs m1314986-42.2%572.7%
TurnoverRs m32,39025,61936,70643.3%13.3%
ExpensesRs m30,26325,30535,15738.9%16.2%
Gross profitRs m2,1151651,463785.7%-30.8%
DepreciationRs m1922272478.9%29.1%
InterestRs m8191,0551,0681.2%30.4%
Profit before taxRs m1,118-968234-79.0%
TaxRs m393-327-12-102.9%
Profit after taxRs m724-640246-66.0%
Gross profit margin%6.50.64.0
Effective tax rate%35.233.8-4.9
Net profit margin%2.2-2.50.7
* 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 13.1% on a year-on-year (YoY) basis. The expenses were up by 16.2% YoY during the same period.
  • The company's operating profit declined by 30.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.0% in 2QFY20 as against 6.5% in 2QFY19.
  • Depreciation charges increased by 29.1% and finance costs increased by 30.4% YoY, respectively.
  • Other income increased by 572.7% YoY during the quarter.
  • Net profit for the quarter declined by 66.0% YoY. Net profit margins during the quarter declined from 2.2% in 2QFY19 to 0.7% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 43.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 38.9% QoQ during the same period.
  • The company's operating profit increased by 785.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.0% in 2QFY20 as against 0.6% in 1QFY19.
  • Net profit for the quarter increased by 138.4% QoQ, while net profit margins increased from -2.5% in 1QFY19 to 0.7% in 2QFY20.

To see how NATIONAL FERT. has performed over the last eight quarters,please visit here.

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NATIONAL FERT. Share Price Performance

Over the last one year,NATIONAL FERT. share price has moved down from Rs 35.0 to Rs 26.1, registering a Loss of Rs 8.9 or around 25.5%.

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 26.1, the price to earnings (P/E) ratio of NATIONAL FERT. stands at 8.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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NATIONAL FERT. Announces Quarterly Results (1QFY20); Net Profit Down 255.3% (Quarterly Result Update)

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For the quarter ended June 2019, NATIONAL FERT. has posted a net profit of Rs 640 m (down 255.3% YoY). Sales on the other hand came in at Rs 25 bn (up 17.5% YoY). Read on for a complete analysis of NATIONAL FERT.'s quarterly results.

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