ULTRATECH CEMENT Announces Quarterly Results (1QFY21); Net Profit Down 34.0%

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ULTRATECH CEMENT Announces Quarterly Results (1QFY21); Net Profit Down 34.0%
Thu, 30 Jul

ULTRATECH CEMENT has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

ULTRATECH CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m101,776107,45676,338-29.0%-25.0%
Other incomeRs m1,3121,9792,78840.9%112.6%
TurnoverRs m103,088109,43679,126-27.7%-23.2%
ExpensesRs m74,69383,03055,592-33.0%-25.6%
Gross profitRs m27,08324,42719,172-21.5%-29.2%
DepreciationRs m5,9936,7246,462-3.9%7.8%
InterestRs m4,4125,0483,930-22.1%-10.9%
Profit before taxRs m17,99014,63411,568-20.9%-35.7%
TaxRs m5,913-17,7743,603-39.1%
Profit after taxRs m12,07732,4087,965-75.4%-34.0%
Gross profit margin%26.622.725.1
Effective tax rate%32.9-121.531.1
Net profit margin%11.729.610.1
* 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 fell 25.0% on a year-on-year (YoY) basis. The expenses were down by 25.6% YoY during the same period.
  • The company's operating profit declined by 29.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.1% in 1QFY21 as against 26.6% in 1QFY20.
  • Depreciation charges increased by 7.8% and finance costs declined by 10.9% YoY, respectively.
  • Other income increased by 112.6% YoY during the quarter.
  • Net profit for the quarter declined by 34.0% YoY. Net profit margins during the quarter declined from 11.7% in 1QFY20 to 10.1% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 29.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 33.0% QoQ during the same period.
  • The company's operating profit declined by 21.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.1% in 1QFY21 as against 22.7% in 4QFY20.
  • Net profit for the quarter declined by 75.4% QoQ, while net profit margins declined from 29.6% in 4QFY20 to 10.1% in 1QFY21.

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

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ULTRATECH CEMENT Share Price Performance

Over the last one year,ULTRATECH CEMENT share price has moved down from Rs 4,319.1 to Rs 4,198.3, registering a Loss of Rs 120.8 or around 2.8%.

Overall, the S&P BSE SENSEX is up 1.7% over the year.

Current Valuations

At the current price of Rs 4,198.3, the price to earnings (P/E) ratio of ULTRATECH CEMENT stands at 21.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.1 times.

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