NMDC Announces Quarterly Results (1QFY22); Net Profit Up 500.1%

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NMDC Announces Quarterly Results (1QFY22); Net Profit Up 500.1%
Mon, 16 Aug

NMDC has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

NMDC Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m19,37568,47665,122-4.9%236.1%
Other incomeRs m7188521,44169.2%100.8%
TurnoverRs m20,09369,32866,563-4.0%231.3%
ExpensesRs m11,84126,07323,360-10.4%97.3%
Gross profitRs m7,53442,40341,762-1.5%454.3%
DepreciationRs m574569553-2.8%-3.6%
InterestRs m934130-27.4%-67.8%
Profit before taxRs m7,58542,64442,620-0.1%461.9%
TaxRs m2,26714,30610,705-25.2%372.3%
Profit after taxRs m5,31828,33831,91512.6%500.1%
Gross profit margin%38.961.964.1
Effective tax rate%29.933.525.1
Net profit margin%26.540.947.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 236.1% on a year-on-year (YoY) basis. The expenses were up by 97.3% YoY during the same period.
  • The company's operating profit increased by 454.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 64.1% in 1QFY22 as against 38.9% in 1QFY21.
  • Depreciation charges declined by 3.6% and finance costs declined by 67.8% YoY, respectively.
  • Other income increased by 100.8% YoY during the quarter.
  • Net profit for the quarter increased by 500.1% YoY. Net profit margins during the quarter increased from 26.5% in 1QFY21 to 47.9% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 10.4% QoQ during the same period.
  • The company's operating profit declined by 1.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 64.1% in 1QFY22 as against 61.9% in 4QFY21.
  • Net profit for the quarter increased by 12.6% QoQ, while net profit margins increased from 40.9% in 4QFY21 to 47.9% in 1QFY22.

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

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NMDC Share Price Performance

Over the last one year, NMDC share price has moved up from Rs 93.1 to Rs 172.3, registering a Gain of Rs 79.2 or around 85.1%.

Overall, the S&P BSE SENSEX is up 44.8% over the year.

Current Valuations

At the current price of Rs 172.3, the price to earnings (P/E) ratio of NMDC stands at 5.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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