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

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NMDC LTD Announces Quarterly Results (3QFY20); Net Profit Down 12.7%
Tue, 11 Feb

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

NMDC LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m36,49422,41830,06434.1%-17.6%
Other incomeRs m1,3611,2751,3022.1%-4.4%
TurnoverRs m37,85623,69331,36632.4%-17.1%
ExpensesRs m14,95111,81614,15019.8%-5.4%
Gross profitRs m21,54410,60215,91450.1%-26.1%
DepreciationRs m694976646-33.8%-6.9%
InterestRs m9697980.4%1.5%
Profit before taxRs m22,11510,80516,47352.5%-25.5%
TaxRs m6,3473,7712,707-28.2%-57.4%
Profit after taxRs m15,7687,03413,76695.7%-12.7%
Gross profit margin%59.047.352.9
Effective tax rate%28.734.916.4
Net profit margin%41.729.743.9
* 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 17.6% on a year-on-year (YoY) basis. The expenses were down by 5.4% YoY during the same period.
  • The company's operating profit declined by 26.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 52.9% in 3QFY20 as against 59.0% in 3QFY19.
  • Depreciation charges declined by 6.9% and finance costs increased by 1.5% YoY, respectively.
  • Other income declined by 4.4% YoY during the quarter.
  • Net profit for the quarter declined by 12.7% YoY. Net profit margins during the quarter increased from 41.7% in 3QFY19 to 43.9% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 34.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 19.8% QoQ during the same period.
  • The company's operating profit increased by 50.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 52.9% in 3QFY20 as against 47.3% in 2QFY19.
  • Net profit for the quarter increased by 95.7% QoQ, while net profit margins increased from 29.7% in 2QFY19 to 43.9% in 3QFY20.

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

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NMDC LTD Share Price Performance

Over the last one year,NMDC LTD share price has moved up from Rs 94.3 to Rs 113.3, registering a Gain of Rs 19.1 or around 20.2%.

Overall, the S&P BSE SENSEX is up 13.6% over the year.

Current Valuations

At the current price of Rs 113.3, the price to earnings (P/E) ratio of NMDC LTD stands at 9.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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