Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.
This is an entirely free service. No payments are to be made.Shree Cement has announced its financial results for the quarter ended March 2017. While the company's sales increased by 19.3% YoY, net profit declined by 54.1% YoY respectively during the quarter. Here is our analysis of the results:
(Rs m) | 4QFY16 | 4QFY17 | Change | FY16 | FY17 | Change |
---|---|---|---|---|---|---|
Sales** | 22,491 | 26,834 | 19.3% | 79,146 | 94,965 | 20.0% |
Expenditure | 17,172 | 21,723 | 26.5% | 61,509 | 71,293 | 15.9% |
Operating profit (EBITDA) | 5,320 | 5,112 | -3.9% | 17,637 | 23,672 | 34.2% |
EBITDA margin | 23.7% | 19.0% | 22.3% | 24.9% | ||
Other income | 4752 | 1510 | -68.2% | 7119 | 5077 | -28.7% |
Depreciation | 3,062 | 3,109 | 1.5% | 10,658 | 12,147 | 14.0% |
Finance costs | 288 | 314 | 9.2% | 1021 | 1294 | 26.7% |
Profit before tax & exceptional items | 6,722 | 3,199 | -52.4% | 13,076 | 15,308 | 17.1% |
Exceptional gains/(losses) | 0 | 0 | -240 | 0 | ||
Profit before tax | 6,722 | 3,199 | -52.4% | 12,837 | 15,308 | 19.3% |
Tax | 92 | 154 | 66.9% | 364 | 1,917 | 426.5% |
Effective tax rate | 1.4% | 4.8% | 2.8% | 12.5% | ||
Profit after tax | 6,630 | 3,045 | -54.1% | 12,472 | 13,391 | 7.4% |
Net profit margin | 29.5% | 11.3% | 15.8% | 14.1% | ||
No of shares (m) | 34.8 | |||||
Diluted EPS (Rs)* | 384 | |||||
P/E (times)* | 48.6 |
| |
DISCLOSURES UNDER SEBI (RESEARCH ANALYSTS) REGULATIONS, 2014
|
INTRODUCTION:
Equitymaster Agora Research Private Limited (hereinafter referred to as "Equitymaster"/"Company") was incorporated on October 25, 2007. Equitymaster is a joint venture between Quantum Information Services Private Limited (QIS) and Agora group. Equitymaster is a SEBI registered Research Analyst under the SEBI (Research Analysts) Regulations, 2014 with registration number INH000000537. BUSINESS ACTIVITY: An independent research initiative, Equitymaster is committed to providing honest and unbiased views, opinions and recommendations on various investment opportunities across asset classes. DISCIPLINARY HISTORY: There are no outstanding litigations against the Company, it subsidiaries and its Directors. GENERAL TERMS AND CONDITIONS FOR RESEARCH REPORT: For the terms and conditions for research reports click here. DETAILS OF ASSOCIATES: Details of Associates are available here. DISCLOSURE WITH REGARDS TO OWNERSHIP AND MATERIAL CONFLICTS OF INTEREST:
If you have any feedback or query or wish to report a matter, please do not hesitate to write to us. |