Grasim: The 4QFY04 cement push - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

StockSelect
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Grasim: The 4QFY04 cement push

Apr 28, 2004

Grasim, the diversified major in the Aditya Birla Group, has posted impressive results for the fourth quarter and full year ended 31st March 2004. While net sales have increased by 13% in FY04, excluding the extraordinary adjustments in both the years, net profit has risen by 40%. This impressive numbers have come about on account robust growth in cement sales in 4QFY04 combined with significant improvement in operating margins. With the steel cycle also in favour of producers, both sales and realisations have increased significantly during 4QFY04.

(Rs m) 4QFY03 4QFY04 Change FY03 FY04 Change
Net sales 12,192 15,532 27.4% 46,233 52,333 13.2%
Other income 557 721 29.3% 1,158 1,803 55.7%
Expenditure 9,755 11,120 14.0% 36,034 39,383 9.3%
Operating profit (EBDITA) 2,437 4,413 81.0% 10,199 12,950 27.0%
Operating profit margin (%) 20.0% 28.4%   22.1% 24.7%  
Interest 406 351 -13.6% 1,684 1,539 -8.6%
Depreciation 658 682 3.7% 2,541 2,731 7.4%
Profit before tax 1,931 4,101 112.4% 7,132 10,484 47.0%
Extraordinary items (1,686) - - (1,686) 289 -117.1%
Tax 240 1,280 433.3% 1,770 2,980 68.4%
Profit after tax/(loss) 5 2,821 - 3,676 7,793 112.0%
Net profit margin (%) 0.0% 18.2%   8.0% 14.9%  
No. of shares (m) 91.7 91.7   91.7 91.7  
Diluted earnings per share (Rs)* 0.2 123.1   40.1 85.0  
P/E ratio (x)         14.0  
(* annualised)            

To Read the Full Story, Subscribe or Sign In
To Read the Full Story, Subscribe or Sign In


Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

GRASIM SHARE PRICE


Sep 29, 2020 (Close)

TRACK GRASIM

GRASIM - TRIDENT COMPARISON

COMPARE GRASIM WITH

MARKET STATS