NMDC Ltd's Q4FY18 standalone net profit rises 116% yoy to Rs1,106cr : Misses Estimates

The company’s standalone revenue stood at Rs3,883cr, up 35.2% yoy and 57.3% qoq

May 28, 2018 02:05 IST India Infoline Research Team


Standalone Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 3,883 35.2
EBITDA 1,900 67.6
EBITDA Margin (%) 48.9 946
Net Profit (adjusted) 1,106 116
***EBITDA margin change is bps


Reco. Price


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NMDC missed estimates for its EBITDA and Net Profit, despite revenues coming in-line in Q4FY18. Revenue rose by 35.2% yoy to Rs3,883cr (expectation Rs3,643cr). EBITDA stood at Rs1,900cr, up 67.6% yoy against estimates of Rs2,043cr. EBIDTA margin rose by 946bps yoy to 48.9%. Net Profit stood at Rs1,106cr against an estimate of Rs1,299cr.
  • Production for the quarter stood at 113.47 lakh tonnes, a rise of 9.3% yoy. Production for FY18 stood at 355.76 lakh tonnes an increase of 4.6 % yoy
  • Sales for the quarter rose by 7.8% yoy to lakh tonnes. Sales for FY18 stood at 360.75 lakh tonnes, up 1.3% yoy.
  • Prices of Lump and Fines for Q4FY18 stood at Rs3,363 and Rs2,805 per tonne respectively. This represents an increase of 29.3% yoy and 38.7% yoy respectively for lump and fines respectively.
  • Turnover for FY18 grew by 32% yoy to Rs11,615cr. 90% of this topline growth was due to higher iron ore prices (up 30% yoy).

Technical View:

NMDC Ltd is currently trading at Rs. 119.10, up by 2.55 points or 2.19% from its previous closing of Rs. 116.55 on the BSE.
The scrip opened at Rs. 117 and has touched a high and low of Rs. 120 and Rs. 117 respectively. So far 26,36,451 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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