DCM SHRIRAM Announces Quarterly Results (1QFY19); Net Profit Down 6.6%

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DCM SHRIRAM Announces Quarterly Results (1QFY19); Net Profit Down 6.6%
Fri, 3 Aug

DCM SHRIRAM has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

DCM SHRIRAM Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m20,52115,66120,67932.0%0.8%
Other incomeRs m1309998-1.4%-24.7%
TurnoverRs m20,65015,76020,77731.8%0.6%
ExpensesRs m17,22614,80617,30416.9%0.5%
Gross profitRs m3,2918623,376291.6%2.6%
DepreciationRs m315366364-0.6%15.5%
InterestRs m24220435573.8%46.8%
Profit before taxRs m2,8633912,755605.4%-3.8%
TaxRs m529117575393.1%8.8%
Profit after taxRs m2,3352742,180695.8%-6.6%
Gross profit margin%16.05.516.3
Effective tax rate%18.529.920.9
Net profit margin%11.31.710.5
* 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 0.8% on a year-on-year (YoY) basis. The expenses were up by 0.5% YoY during the same period.
  • The company's operating profit increased by 2.6% YoY during the quarter. Consequently, operating profit margins remained same and stood at 16.3% in 1QFY19.
  • Depreciation charges and finance costs increased by 15.5% YoY and 46.8% YoY, respectively.
  • Other income declined by 24.7% YoY during the quarter.
  • Net profit for the quarter declined by 6.6% YoY. Net profit margins during the quarter declined from 11.3% in 1QFY18 to 10.5% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 32.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.9% QoQ during the same period.
  • The company's operating profit increased by 291.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.3% in 1QFY19 as against 5.5% in 4QFY18.
  • Net profit for the quarter increased by 695.8% QoQ, while net profit margins increased from 1.7% in 4QFY18 to 10.5% in 1QFY19.

To see how DCM SHRIRAM has performed over the last eight quarters, please visit here.

DCM SHRIRAM Share Price Performance

Over the last one year, DCM SHRIRAM share price has moved up from Rs 389.0 to Rs 344.3, registering a Loss of Rs 44.7 or around 11.5%.

Overall, the S&P BSE SENSEX is up 1.1% over the year.

Current Valuations

At the current price of Rs 344.3, the price to earnings (P/E) ratio of DCM SHRIRAM stands at 9.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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