Graphite India net sales rose 81% to Rs 1855 crore in Q3FY'19 compared to corresponding previous year period. Operating margins of the company rose 540 bps to 58.4% leading to 53% increase in operating profits to Rs 1083 crore. Cost of materials consumed as a percentage of net sales (net of stock adjustment) rose 1480 bps to 33.5% while consumption of stores and spares fell 190 bps to 2.8%. Employee benefit expenses fell 250 bps to 3.8%, power and fuel expenses decreased 420 bps to 4.7% while other expenses fell 360 bps to 4.4%.
Other income rose to Rs 66 crore compared to Rs 11 crore in Q3FY18. PBDIT increased 107% to Rs 1149 crore.
Interest cost was flat at Rs 3 crore. Depreciation was also flat at Rs 13 crore. PBT as a result rose 111% to Rs 1133 crore. Effective tax rate was down 80 bps to 32.5% leading 113% increase in net profit to Rs 765 crore
For nine months ended December 2018 Graphite India overall top-line rose 217% to Rs 6165 crore compared to corresponding previous year period while net profit of the company rose 476% to Rs 2834 crore.
Operating margins of the company rose to 67.5% compared to 37.3% leading to 474% rise in operating profits to Rs 4159 crore.
Other income rose 169% to Rs 140 crore. PBDIT was up 453% to Rs 4299 crore.
Interest cost was Rs 8 crore in current period compared to Rs 6 crore in the corresponding previous year period.
Depreciation was flat at Rs 39 crore. PBT as a result was up 481% to Rs 4252 crore. Considering 50 bps rise in effective tax rate to 33.3% net profit rose 476% to Rs 2834 crore
Currently the shares of NMDC are quoting at around Rs 515 at BSE
Graphite India Consolidated results
| Particulars | 1812 (3) | 1712 (3) | Var (%) | 1812 (9) | 1712 (9) | Var (%) | 1803 (12) | 1703 (12) | Var (%) |
| Net Sales | 1855 | 1025 | 81 | 6165 | 1943 | 217 | 3266 | 1468 | 123 |
| OPM (%) | 58.4 | 53.0 | 67.5 | 37.3 | 44.2 | 2.7 | |||
| OP | 1083 | 543 | 99 | 4159 | 725 | 474 | 1444 | 40 | 999 |
| Other Income | 66 | 11 | 500 | 140 | 52 | 169 | 89 | 86 | 3 |
| PBDIT | 1149 | 554 | 107 | 4299 | 777 | 453 | 1533 | 126 | 999 |
| Interest | 3 | 3 | 0 | 8 | 6 | 33 | 8 | 8 | 1 |
| PBDT | 1146 | 551 | 108 | 4291 | 771 | 457 | 1525 | 118 | 999 |
| Depreciation | 13 | 13 | 0 | 39 | 39 | 0 | 52 | 46 | 12 |
| PBT | 1133 | 538 | 111 | 4252 | 732 | 481 | 1473 | 72 | 999 |
| Tax | 368 | 179 | 106 | 1417 | 240 | 490 | 441 | 1 | 999 |
| PAT | 765 | 359 | 113 | 2835 | 492 | 476 | 1032 | 70 | 999 |
| Share of profit/loss of associate | (1) | 0 | (1) | 0 | 0 | 0 | |||
| Net Profit for the period | 764 | 359 | 113 | 2834 | 492 | 476 | 1032 | 70 | 999 |
| EPS (Rs)* | 156.9 | 73.6 | 193.8 | 33.6 | 211.7 | 14.5 | |||
| * Annualized on diluted equity of Rs 39 crore. Face Value: Rs 2 Var. (%) exceeding 999 has been truncated to 999 LP: Loss to Profit PL: Profit to Loss EO: Extraordinary items; FBT: Fringe Benefit Tax EPS is calculated after excluding EO and relevant tax Figures in Rs crore Source: Capitaline Corporate Database |
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