National Aluminium Company Ltd's Q1FY19 standalone net profit rises 386.3% yoy to Rs627cr: Beats Estimates

The company’s standalone revenue in the period stood at Rs2,973cr, up 55.5% yoy and 3.8% qoq.

Aug 08, 2018 11:08 IST India Infoline Research Team

National Aluminium Company Ltd Q1FY19

Standalone Results Q1FY19: (in Rs cr)

Q1FY19 YoY (%)
Revenue 2,973 55.5
EBITDA 1,011 344.4
EBITDA Margin (%) 34 2,211
Net Profit (adjusted) 627 386.3
***EBITDA margin change is bps

National Aluminium Company Ltd. results for Q1FY19 strongly beat estimates due to firm alumina realizations in the quarter. Revenues for Q1FY19 rose 55.5% yoy to Rs2,973cr (expectation Rs2,708cr). EBITDA stood at Rs1,011cr (expectation 698cr), up 344.4% yoy. EBIDTA margin rose 2,211bps yoy to 34%. Adjusted net profit stood at Rs627cr for Q1FY19 (expectation Rs407cr), up 386.3% yoy.
  • Segmental revenue for the quarter stood at Rs1,772cr for the aluminum segment (up 27.8% yoy) and Rs2,053cr for the chemicals segment (up 118% yoy).
  • Segmental EBIT for the quarter stood at a loss of Rs211cr for the aluminum segment (against a loss of Rs26cr in Q1FY18) and a profit of Rs1,126cr for the chemicals segment (up 496.7% yoy).
  • Gross margin moved lower by 92bps yoy as fuel and power costs rose 18.5% yoy.
  • The company reported an exceptional gain of Rs91cr due to writeback of excess provision.
  • Production details for Q1FY19 are:
    • Bauxite - 18.6 lakh tonnes, down 1.2% yoy
    • Alumina - 5.83 lakh tonnes, up 10.7% yoy
    • Aluminium - 1.1 lakh tonnes, up 8.9% yoy

Technical View:

National Aluminium Company Ltd ended at Rs. 67.40, up 1.25 points, or 1.89%, from its previous close of Rs66.15 on the BSE.
The scrip opened at Rs66.50 and touched a high and low of Rs67.90 and Rs65.55, respectively. A total of 94,64,574 (NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.

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