ULTRATECH CEMENT Announces Quarterly Results (1QFY20); Net Profit Up 91.4%

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ULTRATECH CEMENT Announces Quarterly Results (1QFY20); Net Profit Up 91.4%
Tue, 13 Aug

ULTRATECH CEMENT has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ULTRATECH CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m90,214109,052101,776-6.7%12.8%
Other incomeRs m7271,2611,3124.0%80.5%
TurnoverRs m90,941110,313103,088-6.5%13.4%
ExpensesRs m73,31085,72774,693-12.9%1.9%
Gross profitRs m16,90423,32527,08316.1%60.2%
DepreciationRs m5,0675,4755,9939.5%18.3%
InterestRs m3,4854,3434,4121.6%26.6%
Profit before taxRs m9,07914,76817,99021.8%98.1%
TaxRs m2,7694,6255,91327.8%113.6%
Profit after taxRs m6,31010,14312,07719.1%91.4%
Gross profit margin%18.721.426.6
Effective tax rate%30.531.332.9
Net profit margin%6.99.211.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 12.8% on a year-on-year (YoY) basis. The expenses were up by 1.9% YoY during the same period.
  • The company's operating profit increased by 60.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.6% in 1QFY20 as against 18.7% in 1QFY19.
  • Depreciation charges increased by 18.3% and finance costs increased by 26.6% YoY, respectively.
  • Other income increased by 80.5% YoY during the quarter.
  • Net profit for the quarter increased by 91.4% YoY. Net profit margins during the quarter increased from 6.9% in 1QFY19 to 11.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.9% QoQ during the same period.
  • The company's operating profit increased by 16.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.6% in 1QFY20 as against 21.4% in 4QFY19.
  • Net profit for the quarter increased by 19.1% QoQ, while net profit margins increased from 9.2% in 4QFY19 to 11.7% in 1QFY20.

To see how ULTRATECH CEMENT has performed over the last eight quarters,please visit here.

ULTRATECH CEMENT Share Price Performance

Over the last one year,ULTRATECH CEMENT share price has moved up from Rs 4,199.3 to Rs 4,246.7, registering a Gain of Rs 47.4 or around 1.1%.

Overall, the S&P BSE SENSEX is down 1.2% over the year.

Current Valuations

At the current price of Rs 4,246.7, the price to earnings (P/E) ratio of ULTRATECH CEMENT stands at 39.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.4 times.

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