NLC INDIA LTD Announces Quarterly Results (1QFY20); Net Profit Up 271.6%

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NLC INDIA LTD Announces Quarterly Results (1QFY20); Net Profit Up 271.6%
Wed, 7 Aug

NLC INDIA LTD has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

NLC INDIA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m16,96819,02316,765-11.9%-1.2%
Other incomeRs m1,4433,6452,276-37.6%57.7%
TurnoverRs m18,41122,66819,040-16.0%3.4%
ExpensesRs m13,59116,77812,160-27.5%-10.5%
Gross profitRs m3,3772,2144,594107.5%36.0%
DepreciationRs m1,8761,7381,716-1.3%-8.6%
InterestRs m7681,4411,5386.7%100.2%
Profit before taxRs m2,1752,6803,61634.9%66.2%
TaxRs m1,4884,6061,061-77.0%-28.7%
Profit after taxRs m688-1,9262,555271.6%
Gross profit margin%19.911.627.4
Effective tax rate%68.4171.929.3
Net profit margin%3.7-8.513.4
* 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 1.2% on a year-on-year (YoY) basis. The expenses were down by 10.5% YoY during the same period.
  • The company's operating profit increased by 36.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.4% in 1QFY20 as against 19.9% in 1QFY19.
  • Depreciation charges declined by 8.6% and finance costs increased by 100.2% YoY, respectively.
  • Other income increased by 57.7% YoY during the quarter.
  • Net profit for the quarter increased by 271.6% YoY. Net profit margins during the quarter increased from 3.7% in 1QFY19 to 13.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 27.5% QoQ during the same period.
  • The company's operating profit increased by 107.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.4% in 1QFY20 as against 11.6% in 4QFY19.
  • Net profit for the quarter increased by 232.6% QoQ, while net profit margins increased from -8.5% in 4QFY19 to 13.4% in 1QFY20.

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 down from Rs 77.1 to Rs 55.6, registering a Loss of Rs 21.5 or around 27.9%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,920.8 (up 0.7%). Over the last one year it has moved down from 1,993.8 to 1,920.8, a gain of 73 points (down 3.7%).

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 55.6, the price to earnings (P/E) ratio of NLC INDIA LTD stands at 14.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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