Shree Cement posts a 16% rise in topline - Views on News from Equitymaster

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Shree Cement posts a 16% rise in topline

Apr 27, 2000

Shree Cement Limited has posted a profit of Rs 31.8 m during the quarter ended 31st March 2000. The company has benefited from an improvement in operating margins, which was largely a result of better cement price realisations and lower costs. The other factors that contributed to the rise in profits was the decline in interest and depreciation expenditure.

The Shree Cement stock ended trading at Rs 34.5 on the day the results were announced. This reflects a price to earnings ratio of 9.5x. The stock is such lower than its 52 week high of Rs 80.

(Rs m)3QFY993QFY00Change
Sales & Income 1,145 1,330 16.2%
Expenditure 971 1,118 15.1%
Operating Profit (EBDIT) 173 212 22.1%
Operating Profit Margin (%)15.1%15.9% 
Interest 122 118 -3.0%
Depreciation 65 61 -5.1%
Profit before Tax (13) 32  
Tax 0 0  
Profit after Tax/(Loss) (13) 32  
Net profit margin (%)-1.2%2.4% 
Earnings per share* (1.54) 3.65  
(annualised)   

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