NESCO LIMITED Announces Quarterly Results (1QFY19); Net Profit Down 12.9%

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NESCO LIMITED Announces Quarterly Results (1QFY19); Net Profit Down 12.9%
Fri, 10 Aug

NESCO LIMITED has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

NESCO LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m657755755-0.1%14.9%
Other incomeRs m1236032-46.9%-74.2%
TurnoverRs m780815786-3.5%0.8%
ExpensesRs m20522628626.5%39.7%
Gross profitRs m452529469-11.5%3.7%
DepreciationRs m243030-1.1%25.7%
InterestRs m13159-37.5%-25.5%
Profit before taxRs m539544461-15.2%-14.5%
TaxRs m12311698-15.6%-19.8%
Profit after taxRs m417428363-15.1%-12.9%
Gross profit margin%68.970.162.1
Effective tax rate%22.721.421.3
Net profit margin%53.452.546.2
* 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 14.9% on a year-on-year (YoY) basis. The expenses were up by 39.7% YoY during the same period.
  • The company's operating profit increased by 3.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 62.1% in 1QFY19 as against 68.9% in 1QFY18.
  • Depreciation charges and finance costs increased by 25.7% YoY and 25.5% YoY, respectively.
  • Other income declined by 74.2% YoY during the quarter.
  • Net profit for the quarter declined by 12.9% YoY. Net profit margins during the quarter declined from 53.4% in 1QFY18 to 46.2% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 26.5% QoQ during the same period.
  • The company's operating profit declined by 11.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 62.1% in 1QFY19 as against 70.1% in 4QFY18.
  • Net profit for the quarter declined by 15.1% QoQ, while net profit margins declined from 52.5% in 4QFY18 to 46.2% in 1QFY19.

To see how NESCO LIMITED has performed over the last eight quarters, please visit here.

NESCO LIMITED Share Price Performance

Over the last one year, NESCO LIMITED share price has moved up from Rs 469.2 to Rs 518.0, registering a Gain of Rs 48.9 or around 10.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,089.7 (down 1.2%). Over the last one year it has moved up from 17,133.3 to 18,089.7, a gain of 956 points (up 5.6%).

Overall, the S&P BSE SENSEX is up 19.1% over the year.

Current Valuations

At the current price of Rs 518.0, the price to earnings (P/E) ratio of NESCO LIMITED stands at 21.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.8 times.

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