NMDC Ltd's Q1FY19 standalone net profit rises 0.6% yoy to Rs975cr : Beats Estimates

The company’s standalone revenue stood at Rs2,422cr, down 14.8% yoy and 37.6% qoq

Aug 08, 2018 05:08 IST India Infoline Research Team


Standalone Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
Revenue 2,422 [14.8]
EBITDA 1,424 [4.8]
EBITDA Margin (%) 58.8 618
Net Profit (adjusted) 975 0.6
***EBITDA margin change is bps

NMDC beat estimates for its EBITDA and Net Profit in Q1FY19, despite revenues coming lower than expectations. Revenue fell by 14.8% yoy to Rs2,422cr (expectation Rs2,531cr). EBITDA stood at Rs1,424cr, down 4.8% yoy against estimates of Rs1,137cr. EBIDTA margin rose by 618bps yoy to 58.8%. Net Profit stood at Rs975cr against an estimate of Rs810cr.
  • Production for the quarter stood at 6.87mn tonnes, down 19.1% yoy. Sales for the quarter fell by 25.5% yoy to 6.84mn tonnes.
  • Revenues for the quarter were supported by a 11% yoy increase in blended realisations.
  • Other income for the quarter stood at Rs125cr, down 2.7% yoy.

Technical View:

NMDC Ltd is currently trading at Rs. 112.40, down by 1.65 points or 1.45% from its previous closing of Rs. 114.05 on the BSE.
The scrip opened at Rs. 115.10 and has touched a high and low of Rs. 115.40 and Rs. 110 respectively. So far 80,89,884 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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