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

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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 ChangeYoY Change
Net SalesRs m38,83036,49436,433-0.2%-6.2%
Other incomeRs m1,7021,3611,96144.0%15.2%
TurnoverRs m40,53237,85638,3941.4%-5.3%
ExpensesRs m19,82014,95115,5103.7%-21.7%
Gross profitRs m19,00421,54420,923-2.9%10.1%
DepreciationRs m70269480415.8%14.5%
InterestRs m76961026.4%34.7%
Profit before taxRs m19,92722,11521,978-0.6%10.3%
TaxRs m8,8676,3477,43817.2%-16.1%
Profit after taxRs m11,06015,76814,539-7.8%31.5%
Gross profit margin%48.959.057.4
Effective tax rate%44.528.733.8
Net profit margin%27.341.737.9
* 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 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.

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