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.

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

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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Related Views on News

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

Aug 5, 2019 | Updated on Aug 5, 2019

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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