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NMDC LTD Announces Quarterly Results (1QFY20); Net Profit Up 20.9%

NMDC LTD Announces Quarterly Results (1QFY20); Net Profit Up 20.9%
Tue, 27 Aug

NMDC LTD has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

NMDC LTD Quarterly Financials

No. of Mths Qtr. Ending		3 Jun-18*	3 Mar-19*	3 Jun-19*	QoQ Change	YoY Change
Net Sales	Rs m	24,220	36,433	32,637	-10.4%	34.8%
Other income	Rs m	1,251	1,961	1,228	-37.4%	-1.9%
Turnover	Rs m	25,471	38,394	33,866	-11.8%	33.0%
Expenses	Rs m	9,981	15,510	13,969	-9.9%	40.0%
Gross profit	Rs m	14,239	20,923	18,668	-10.8%	31.1%
Depreciation	Rs m	616	804	648	-19.4%	5.2%
Interest	Rs m	108	102	117	14.6%	8.5%
Profit before tax	Rs m	14,767	21,978	19,132	-12.9%	29.6%
Tax	Rs m	5,013	7,438	7,337	-1.4%	46.4%
Profit after tax	Rs m	9,753	14,539	11,794	-18.9%	20.9%
Gross profit margin	%	58.8	57.4	57.2
Effective tax rate	%	33.9	33.8	38.4
Net profit margin	%	38.3	37.9	34.8

* 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 34.8% on a year-on-year (YoY) basis. The expenses were up by 40.0% YoY during the same period.
The company's operating profit increased by 31.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 57.2% in 1QFY20 as against 58.8% in 1QFY19.
Depreciation charges increased by 5.2% and finance costs increased by 8.5% YoY, respectively.
Other income declined by 1.9% YoY during the quarter.
Net profit for the quarter increased by 20.9% YoY. Net profit margins during the quarter declined from 38.3% in 1QFY19 to 34.8% in 1QFY20.

Quarter-on-Quarter Performance:

The company's operating income during the quarter fell 10.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.9% QoQ during the same period.
The company's operating profit declined by 10.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 57.2% in 1QFY20 as against 57.4% in 4QFY19.
Net profit for the quarter declined by 18.9% QoQ, while net profit margins declined from 37.9% in 4QFY19 to 34.8% in 1QFY20.

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 down from Rs 107.7 to Rs 79.5, registering a Loss of Rs 28.2 or around 26.1%.

Overall, the S&P BSE SENSEX is down 2.6% over the year.

Current Valuations

At the current price of Rs 79.5, the price to earnings (P/E) ratio of NMDC LTD stands at 6.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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NMDC LTD Announces Quarterly Results (3QFY20); Net Profit Down 12.7% (Quarterly Result Update)

Feb 11, 2020 | Updated on Feb 11, 2020

For the quarter ended December 2019, NMDC LTD has posted a net profit of Rs 14 bn (down 12.7% YoY). Sales on the other hand came in at Rs 30 bn (down 17.6% YoY). Read on for a complete analysis of NMDC LTD's quarterly results.

NMDC LTD 2018-19 Annual Report Analysis (Annual Result Update)

Sep 9, 2019 | Updated on Sep 9, 2019

Here's an analysis of the annual report of NMDC LTD for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of NMDC LTD. Also includes updates on the valuation of NMDC LTD.

NMDC LTD Announces Quarterly Results (4QFY19); Net Profit Up 31.5% (Quarterly Result Update)

May 30, 2019 | Updated on May 30, 2019

For the quarter ended March 2019, NMDC LTD has posted a net profit of Rs 15 bn (up 31.5% YoY). Sales on the other hand came in at Rs 36 bn (down 6.2% YoY). Read on for a complete analysis of NMDC LTD's quarterly results.

More Views on News

NMDC SHARE PRICE

BSE: 127.05 -0.74% NSE: 127.00 -0.78%
Feb 26, 2021 (Close)

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LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

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NMDC LTD Announces Quarterly Results (1QFY20); Net Profit Up 20.9% Tue, 27 Aug