NLC INDIA LTD Announces Quarterly Results (1QFY19); Net Profit Down 86.6%

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NLC INDIA LTD Announces Quarterly Results (1QFY19); Net Profit Down 86.6%
Thu, 16 Aug

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

NLC INDIA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m22,54025,42916,968-33.3%-24.7%
Other incomeRs m7172,8391,443-49.2%101.3%
TurnoverRs m23,25728,26818,411-34.9%-20.8%
ExpensesRs m14,27516,64113,591-18.3%-4.8%
Gross profitRs m8,2387,1623,377-52.9%-59.0%
DepreciationRs m1,8232,7411,876-31.6%2.9%
InterestRs m61554876840.2%24.9%
Profit before taxRs m6,5176,7122,175-67.6%-66.6%
TaxRs m1,4052,8981,488-48.7%5.9%
Profit after taxRs m5,1123,813688-82.0%-86.6%
Gross profit margin%36.628.219.9
Effective tax rate%21.643.268.4
Net profit margin%22.013.53.7
* 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 24.7% on a year-on-year (YoY) basis. The expenses were down by 4.8% YoY during the same period.
  • The company's operating profit declined by 59.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.9% in 1QFY19 as against 36.6% in 1QFY18.
  • Depreciation charges and finance costs increased by 2.9% YoY and 24.9% YoY, respectively.
  • Other income increased by 101.3% YoY during the quarter.
  • Net profit for the quarter declined by 86.6% YoY. Net profit margins during the quarter declined from 22.0% in 1QFY18 to 3.7% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 33.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.3% QoQ during the same period.
  • The company's operating profit declined by 52.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.9% in 1QFY19 as against 28.2% in 4QFY18.
  • Net profit for the quarter declined by 82.0% QoQ, while net profit margins declined from 13.5% in 4QFY18 to 3.7% in 1QFY19.

To see how NLC INDIA LTD has performed over the last eight quarters, please visit here.

NLC INDIA LTD Share Price Performance

Over the last one year, NLC INDIA LTD share price has moved up from Rs 96.5 to Rs 75.2, registering a Loss of Rs 21.3 or around 22.1%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,971.6 (up 0.3%). Over the last one year it has moved down from 2,275.2 to 1,971.6, a gain of 304 points (down 13.3%).

Overall, the S&P BSE SENSEX is up 20.1% over the year.

Current Valuations

At the current price of Rs 75.2, the price to earnings (P/E) ratio of NLC INDIA LTD stands at 8.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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