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- NMDC LTD Announces Quarterly Results (4QFY19); Net Profit Up 31.5%
NMDC LTD Announces Quarterly Results (4QFY19); Net Profit Up 31.5%
Thu, 30 May
NMDC LTD has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:
NMDC LTD Quarterly Financials
| No. of Mths Qtr. Ending | 3 Mar-18* | 3 Dec-18* | 3 Mar-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 38,830 | 36,494 | 36,433 | -0.2% | -6.2% |
| Other income | Rs m | 1,702 | 1,361 | 1,961 | 44.0% | 15.2% |
| Turnover | Rs m | 40,532 | 37,856 | 38,394 | 1.4% | -5.3% |
| Expenses | Rs m | 19,820 | 14,951 | 15,510 | 3.7% | -21.7% |
| Gross profit | Rs m | 19,004 | 21,544 | 20,923 | -2.9% | 10.1% |
| Depreciation | Rs m | 702 | 694 | 804 | 15.8% | 14.5% |
| Interest | Rs m | 76 | 96 | 102 | 6.4% | 34.7% |
| Profit before tax | Rs m | 19,927 | 22,115 | 21,978 | -0.6% | 10.3% |
| Tax | Rs m | 8,867 | 6,347 | 7,438 | 17.2% | -16.1% |
| Profit after tax | Rs m | 11,060 | 15,768 | 14,539 | -7.8% | 31.5% |
| Gross profit margin | % | 48.9 | 59.0 | 57.4 | ||
| Effective tax rate | % | 44.5 | 28.7 | 33.8 | ||
| Net profit margin | % | 27.3 | 41.7 | 37.9 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 6.2% on a year-on-year (YoY) basis. The expenses were down by 21.7% YoY during the same period.
- The company's operating profit increased by 10.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 57.4% in 4QFY19 as against 48.9% in 4QFY18.
- Depreciation charges increased by 14.5% and finance costs increased by 34.7% YoY, respectively.
- Other income increased by 15.2% YoY during the quarter.
- Net profit for the quarter increased by 31.5% YoY. Net profit margins during the quarter increased from 27.3% in 4QFY18 to 37.9% in 4QFY19.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 0.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.7% QoQ during the same period.
- The company's operating profit declined by 2.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 57.4% in 4QFY19 as against 59.0% in 3QFY18.
- Net profit for the quarter declined by 7.8% QoQ, while net profit margins declined from 41.7% in 3QFY18 to 37.9% in 4QFY19.
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 119.9 to Rs 102.8, registering a Loss of Rs 17.1 or around 14.3%.
Overall, the S&P BSE SENSEX is up 13.6% over the year.
Current Valuations
At the current price of Rs 102.8, the price to earnings (P/E) ratio of NMDC LTD stands at 8.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.
Related Views on News
NMDC LTD Announces Quarterly Results (3QFY20); Net Profit Down 12.7% (Quarterly Result Update)
Feb 11, 2020 | Updated on Feb 11, 2020For 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, 2019Here'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, 2019For 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.
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