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Q4FY19 Earnings Report NMDC Ltd - HDFC Securities
Revenue fell by 0.17% to Rs. 3643.32 Cr in Q4FY19 when compared to the previous quarter. Also, it fell by 6.17% when compared with Q4FY18. The Sales had been increasing from Q2FY19 to Q3FY19. The Sales decreased in Q1FY19 and Q4FY19. EBITDA was Rs. 2288.21 Cr for Q4FY19, a fall of 0.1% compared to Q3FY19.It grew by 10.52% compared to Q4FY18 . The EBITDA had been decreasing in the period Q1FY19 to Q2FY19. It displayed an erratic but increasing trend from Q1FY19 to Q4FY19. PAT for Q4FY19 was Rs. 1453.77 Cr, a drop of 7.8% when compared to Q3FY19 . When compared to Q4FY18, PAT rose by 31.46%. The PAT had been decreasing in the period Q1FY19 to Q2FY19. It displayed an erratic but increasing trend from Q1FY19 to Q4FY19.
Trend of Selling & Administrative Expenses
The EBITDA Margin rose to 62.81% in Q4FY19, a rise of 5.0 bps compared to the last quarter. It was due to the fall in selling & administrative expenses as a proportion of sales. The EBITDA Margin was 53.32% same quarter last year. PAT Margin fell from 43.2% in Q3FY19 to 39.9% this quarter. It fell, despite the rise in EBITDA Margin, due to the rise in tax, depreciation and interest.
The EPS decreased this quarter to Rs. 4.63 from Rs. 4.98 in Q3FY19. In Q4FY18 it was Rs. 3.5. The stock price of NMDC Ltd increased from Rs. 95.45 to Rs. 102.7 when compared to the previous quarter.
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HDFC Securities Limited (HSL) is a SEBI Registered Research Analyst having registration no. INH000002475
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