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NMDC LTD Announces Quarterly Results (1QFY19); Net Profit Up 0.6%

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NMDC LTD Announces Quarterly Results (1QFY19); Net Profit Up 0.6%
Fri, 10 Aug

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

NMDC LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m28,41538,83024,220-37.6%-14.8%
Other incomeRs m1,2861,7021,251-26.5%-2.7%
TurnoverRs m29,70140,53225,471-37.2%-14.2%
ExpensesRs m13,46619,8209,981-49.6%-25.9%
Gross profitRs m14,94919,00414,239-25.1%-4.8%
DepreciationRs m467702616-12.3%31.9%
InterestRs m827610842.2%32.6%
Profit before taxRs m15,68719,92714,767-25.9%-5.9%
TaxRs m5,9948,8675,013-43.5%-16.4%
Profit after taxRs m9,69311,0609,753-11.8%0.6%
Gross profit margin%52.648.958.8
Effective tax rate%38.244.533.9
Net profit margin%32.627.338.3
* 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 fell 14.8% on a year-on-year (YoY) basis. The expenses were down by 25.9% YoY during the same period.
  • The company's operating profit declined by 4.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 58.8% in 1QFY19 as against 52.6% in 1QFY18.
  • Depreciation charges and finance costs increased by 31.9% YoY and 32.6% YoY, respectively.
  • Other income declined by 2.7% YoY during the quarter.
  • Net profit for the quarter increased by 0.6% YoY. Net profit margins during the quarter increased from 32.6% in 1QFY18 to 38.3% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 37.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 49.6% QoQ during the same period.
  • The company's operating profit increased by 25.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 58.8% in 1QFY19 as against 48.9% in 4QFY18.
  • Net profit for the quarter declined by 11.8% QoQ, while net profit margins increased from 27.3% in 4QFY18 to 38.3% in 1QFY19.

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

NMDC LTD Share Price Performance

Over the last one year, NMDC LTD share price has moved up from Rs 121.6 to Rs 106.0, registering a Loss of Rs 15.6 or around 12.8%.

Overall, the S&P BSE SENSEX is up 19.1% over the year.

Current Valuations

At the current price of Rs 106.0, the price to earnings (P/E) ratio of NMDC LTD stands at 11.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

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