ULTRATECH CEMENT Announces Quarterly Results (3QFY20); Net Profit Up 82.2%

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ULTRATECH CEMENT Announces Quarterly Results (3QFY20); Net Profit Up 82.2%
Mon, 27 Jan

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

ULTRATECH CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m93,89696,205103,5387.6%10.3%
Other incomeRs m1,0331,5371,6829.4%62.7%
TurnoverRs m94,92997,742105,2207.7%10.8%
ExpensesRs m79,44777,02483,8088.8%5.5%
Gross profitRs m14,44919,11919,7303.2%36.5%
DepreciationRs m5,5656,6846,7300.7%20.9%
InterestRs m4,1525,0714,708-7.2%13.4%
Profit before taxRs m5,7658,9019,97312.0%73.0%
TaxRs m1,8623,1132,862-8.1%53.7%
Profit after taxRs m3,9035,7887,11222.9%82.2%
Gross profit margin%15.419.919.1
Effective tax rate%32.335.028.7
Net profit margin%4.15.96.8
* 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 10.3% on a year-on-year (YoY) basis. The expenses were up by 5.5% YoY during the same period.
  • The company's operating profit increased by 36.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.1% in 3QFY20 as against 15.4% in 3QFY19.
  • Depreciation charges increased by 20.9% and finance costs increased by 13.4% YoY, respectively.
  • Other income increased by 62.7% YoY during the quarter.
  • Net profit for the quarter increased by 82.2% YoY. Net profit margins during the quarter increased from 4.1% in 3QFY19 to 6.8% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.8% QoQ during the same period.
  • The company's operating profit increased by 3.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.1% in 3QFY20 as against 19.9% in 2QFY19.
  • Net profit for the quarter increased by 22.9% QoQ, while net profit margins increased from 5.9% in 2QFY19 to 6.8% in 3QFY20.

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 up from Rs 3,513.8 to Rs 4,686.0, registering a Gain of Rs 1,172.3 or around 33.4%.

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 4,686.0, the price to earnings (P/E) ratio of ULTRATECH CEMENT stands at 36.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.5 times.

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For the quarter ended June 2020, ULTRATECH CEMENT has posted a net profit of Rs 8 bn (down 34.0% YoY). Sales on the other hand came in at Rs 76 bn (down 25.0% YoY). Read on for a complete analysis of ULTRATECH CEMENT's quarterly results.

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