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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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.

FREE Event: The Great Indian Wealth Project

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.

Equitymaster requests your view! Post a comment on "NMDC LTD Announces Quarterly Results (3QFY20); Net Profit Down 12.7%". Click here!

  

Related Views on News

MAHARASHTRA SEAMLESS Share Price Up by 6%; BSE METAL Index Up 2.6% (Market Updates)

May 10, 2021 | Updated on May 10, 2021

MAHARASHTRA SEAMLESS share price is trading up by 6% and its current market price is Rs 320. The BSE METAL is up by 2.6%. The top gainers in the BSE METAL Index are MAHARASHTRA SEAMLESS (up 6.3%) and NMDC (up 7.5%).

JINDAL STAINLESS Share Price Up by 5%; BSE METAL Index Up 3.1% (Market Updates)

May 10, 2021 | Updated on May 10, 2021

JINDAL STAINLESS share price is trading up by 5% and its current market price is Rs 103. The BSE METAL is up by 3.1%. The top gainers in the BSE METAL Index are JINDAL STAINLESS (up 5.1%) and NMDC (up 8.9%).

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 (1QFY20); Net Profit Up 20.9% (Quarterly Result Update)

Aug 27, 2019 | Updated on Aug 27, 2019

For the quarter ended June 2019, NMDC LTD has posted a net profit of Rs 12 bn (up 20.9% YoY). Sales on the other hand came in at Rs 33 bn (up 34.8% YoY). Read on for a complete analysis of NMDC LTD's quarterly results.

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

Most Popular

Time to Buy Smallcaps?(Fast Profits Daily)

Apr 30, 2021

In this video, I'll show you why I favour smallcaps over the Nifty.

The Next Smallcap Winners(Profit Hunter)

Apr 30, 2021

Price is the only due diligence one might require to buy this business.

Sell in May and Go Away?(Fast Profits Daily)

Apr 28, 2021

Does the concept of selling stocks in the month of May, work in the Indian market?

Are the Stock Markets Deaf to Covid Agony?(Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

NMDC SHARE PRICE


May 10, 2021 (Close)

TRACK NMDC

NMDC - MOIL COMPARISON

COMPARE NMDC WITH

MARKET STATS