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NESCO LIMITED Announces Quarterly Results (2QFY19); Net Profit Up 1.9%

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NESCO LIMITED Announces Quarterly Results (2QFY19); Net Profit Up 1.9%
Wed, 21 Nov

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

NESCO LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m8267551,00032.6%21.2%
Other incomeRs m100325160.1%-49.1%
TurnoverRs m9267861,05133.7%13.6%
ExpensesRs m23628634019.0%43.9%
Gross profitRs m58946966040.9%12.1%
DepreciationRs m2730302.0%12.1%
InterestRs m1291451.6%13.6%
Profit before taxRs m65046166744.5%2.6%
TaxRs m1669817476.6%4.7%
Profit after taxRs m48436349335.8%1.9%
Gross profit margin%71.462.166.0
Effective tax rate%25.521.326.0
Net profit margin%52.346.246.9
* 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 grew 21.2% on a year-on-year (YoY) basis. The expenses were up by 43.9% YoY during the same period.
  • The company's operating profit increased by 12.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 66.0% in 2QFY19 as against 71.4% in 2QFY18.
  • Depreciation charges increased by 12.1% and finance costs increased by 13.6% YoY, respectively.
  • Other income declined by 49.1% YoY during the quarter.
  • Net profit for the quarter increased by 1.9% YoY. Net profit margins during the quarter declined from 52.3% in 2QFY18 to 46.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 32.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 19.0% QoQ during the same period.
  • The company's operating profit increased by 40.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 66.0% in 2QFY19 as against 62.1% in 1QFY18.
  • Net profit for the quarter increased by 35.8% QoQ, while net profit margins increased from 46.2% in 1QFY18 to 46.9% in 2QFY19.

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 512.0 to Rs 438.7, registering a Loss of Rs 73.3 or around 14.3%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,374.4 (down 0.8%). Over the last one year it has moved up from 18,315.0 to 18,374.4, a gain of 59 points (up 0.3%).

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 438.7, the price to earnings (P/E) ratio of NESCO LIMITED stands at 17.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.7 times.

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