NLC INDIA LTD Announces Quarterly Results (2QFY19); Net Profit Down 57.5%

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NLC INDIA LTD Announces Quarterly Results (2QFY19); Net Profit Down 57.5%
Thu, 15 Nov

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

NLC INDIA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m19,92916,96816,730-1.4%-16.1%
Other incomeRs m1,3021,4432,08144.2%59.8%
TurnoverRs m21,23118,41118,8112.2%-11.4%
ExpensesRs m11,76213,59112,575-7.5%6.9%
Gross profitRs m8,1693,3773,99518.3%-51.1%
DepreciationRs m2,1341,8762,0609.8%-3.5%
InterestRs m476768696-9.4%46.2%
Profit before taxRs m6,8612,1753,31952.6%-51.6%
TaxRs m1,7691,4881,156-22.3%-34.6%
Profit after taxRs m5,0926882,163214.6%-57.5%
Gross profit margin%41.019.923.9
Effective tax rate%25.868.434.8
Net profit margin%24.03.711.5
* 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 16.1% on a year-on-year (YoY) basis. The expenses were up by 6.9% YoY during the same period.
  • The company's operating profit declined by 51.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.9% in 2QFY19 as against 41.0% in 2QFY18.
  • Depreciation charges declined by 3.5% and finance costs increased by 46.2% YoY, respectively.
  • Other income increased by 59.8% YoY during the quarter.
  • Net profit for the quarter declined by 57.5% YoY. Net profit margins during the quarter declined from 24.0% in 2QFY18 to 11.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.5% QoQ during the same period.
  • The company's operating profit increased by 18.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.9% in 2QFY19 as against 19.9% in 1QFY18.
  • Net profit for the quarter increased by 214.6% QoQ, while net profit margins increased from 3.7% in 1QFY18 to 11.5% in 2QFY19.

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 100.3 to Rs 81.5, registering a Loss of Rs 18.8 or around 18.8%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,975.9 (up 0.7%). Over the last one year it has moved down from 2,225.6 to 1,975.9, a gain of 250 points (down 11.2%).

Overall, the S&P BSE SENSEX is up 6.8% over the year.

Current Valuations

At the current price of Rs 81.5, the price to earnings (P/E) ratio of NLC INDIA LTD stands at 11.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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