NLC INDIA LTD Announces Quarterly Results (3QFY19); Net Profit Down 36.5%
Thu, 14 Feb

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

NLC INDIA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m17,06516,73018,73812.0%9.8%
Other incomeRs m1,0102,0811,965-5.6%94.5%
TurnoverRs m18,07518,81120,70310.1%14.5%
ExpensesRs m11,18912,57513,1744.8%17.7%
Gross profitRs m8,1203,9955,40435.3%-33.4%
DepreciationRs m1,9132,0601,783-13.5%-6.8%
InterestRs m41169699643.0%142.4%
Profit before taxRs m6,8073,3194,59138.3%-32.6%
TaxRs m1,8471,1561,43924.4%-22.1%
Profit after taxRs m4,9602,1633,15245.7%-36.5%
Gross profit margin%47.623.928.8
Effective tax rate%27.134.831.3
Net profit margin%27.411.515.2
* 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 17.7% YoY during the same period.
  • The company's operating profit declined by 33.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 28.8% in 3QFY19 as against 47.6% in 3QFY18.
  • Depreciation charges declined by 6.8% and finance costs increased by 142.4% YoY, respectively.
  • Other income increased by 94.5% YoY during the quarter.
  • Net profit for the quarter declined by 36.5% YoY. Net profit margins during the quarter declined from 27.4% in 3QFY18 to 15.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.8% QoQ during the same period.
  • The company's operating profit increased by 35.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.8% in 3QFY19 as against 23.9% in 2QFY18.
  • Net profit for the quarter increased by 45.7% QoQ, while net profit margins increased from 11.5% in 2QFY18 to 15.2% in 3QFY19.

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 103.3 to Rs 63.3, registering a Loss of Rs 40.0 or around 38.7%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,731.7 (down 0.8%). Over the last one year it has moved down from 2,258.3 to 1,731.7, a gain of 527 points (down 23.3%).

Overall, the S&P BSE SENSEX is up 5.1% over the year.

Current Valuations

At the current price of Rs 63.3, the price to earnings (P/E) ratio of NLC INDIA LTD stands at 10.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.