NLC INDIA LTD Announces Quarterly Results (2QFY20); Net Profit Up 68.9%

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NLC INDIA LTD Announces Quarterly Results (2QFY20); Net Profit Up 68.9%
Tue, 12 Nov

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

NLC INDIA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m16,73016,76518,3719.6%9.8%
Other incomeRs m2,0812,2763,80867.3%83.0%
TurnoverRs m18,81119,04022,17916.5%17.9%
ExpensesRs m12,57512,16012,7965.2%1.8%
Gross profitRs m3,9954,5945,56421.1%39.3%
DepreciationRs m2,0601,7161,97014.8%-4.4%
InterestRs m6961,5381,93225.6%177.5%
Profit before taxRs m3,3193,6165,47051.3%64.8%
TaxRs m1,1561,0611,81871.4%57.2%
Profit after taxRs m2,1632,5553,65242.9%68.9%
Gross profit margin%23.927.430.3
Effective tax rate%34.829.333.2
Net profit margin%11.513.416.5
* 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 grew 9.8% on a year-on-year (YoY) basis. The expenses were up by 1.8% YoY during the same period.
  • The company's operating profit increased by 39.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.3% in 2QFY20 as against 23.9% in 2QFY19.
  • Depreciation charges declined by 4.4% and finance costs increased by 177.5% YoY, respectively.
  • Other income increased by 83.0% YoY during the quarter.
  • Net profit for the quarter increased by 68.9% YoY. Net profit margins during the quarter increased from 11.5% in 2QFY19 to 16.5% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.2% QoQ during the same period.
  • The company's operating profit increased by 21.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.3% in 2QFY20 as against 27.4% in 1QFY19.
  • Net profit for the quarter increased by 42.9% QoQ, while net profit margins increased from 13.4% in 1QFY19 to 16.5% in 2QFY20.

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

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NLC INDIA LTD Share Price Performance

Over the last one year,NLC INDIA LTD share price has moved down from Rs 80.3 to Rs 55.8, registering a Loss of Rs 24.5 or around 30.5%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,958.4 (up 0.2%). Over the last one year it has moved up from 1,940.7 to 1,958.4, a gain of 18 points (up 0.9%).

Overall, the S&P BSE SENSEX is up 15.9% over the year.

Current Valuations

At the current price of Rs 55.8, the price to earnings (P/E) ratio of NLC INDIA LTD stands at 11.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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