NLC India Ltd's Q2FY19 standalone net profit rises 3.7% yoy to Rs339cr

The company’s standalone revenue stood at Rs1,673cr, down 16% yoy and 1.4% qoq

Nov 14, 2018 10:11 IST India Infoline Research Team

NLC India Ltd Q2FY19

Standalone Results Q2FY19: (Rs. in cr)

Q2FY19 YoY (%)
Revenue 1,673 [16.1]
EBITDA 415 [49.1]
EBITDA Margin (%) 24.8 [1,615]
Net Profit (adjusted) 339 3.7
***EBITDA margin change is bps

NLC India Ltd reported de-growth for revenue and EBITDA in Q2FY19. Revenue fell by 16.1% yoy to Rs1,673cr. EBITDA stood at Rs415cr, down 49.1% yoy. EBIDTA margin fell by 1,615bps yoy to 24.8%. Adjusted Net Profit stood at Rs339cr, up 3.7% yoy, after adjusting for exceptional items.
  • Revenue was impacted in Q2FY19 due to a major overhauling of 2 thermal units.
  • Employee costs rose by 0.8% yoy.
  • Net Profit showed a slight increase yoy due to a 60% yoy rise in other income.
  • Leverage increased slightly over the past six months due to the hit on the operating profit.
    • Debt-to-equity stood at 0.69x at the end of 1HFY19, against 0.66x at the end of FY18
    • Debt service coverage ratio stood at 3.16x at the end of 1HFY19, against 6.48x at the end of FY18
    • Interest service coverage ratio stood at 9.92x at the end of 1HFY19, against 18.32x at the end of FY18

Technical View:

NLC India Ltd is currently trading at Rs. 81.65, up by 0.85 points or 1.05% from its previous closing of Rs. 80.80 on the BSE.
The scrip opened at Rs. 81.85 and has touched a high and low of Rs. 82.40 and Rs. 79.40 respectively. So far 5,99,492 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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