DCM SHRIRAM Announces Quarterly Results (1QFY21); Net Profit Down 68.2%

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DCM SHRIRAM Announces Quarterly Results (1QFY21); Net Profit Down 68.2%
Wed, 22 Jul

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

DCM SHRIRAM Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m19,02519,17219,120-0.3%0.5%
Other incomeRs m242115265129.3%9.6%
TurnoverRs m19,26619,28819,3840.5%0.6%
ExpensesRs m15,52615,74117,46110.9%12.5%
Gross profitRs m3,5013,4301,659-51.6%-52.6%
DepreciationRs m502600593-1.2%18.1%
InterestRs m368466432-7.3%17.6%
Profit before taxRs m2,8732,479898-63.8%-68.7%
TaxRs m671405197-51.3%-70.6%
Profit after taxRs m2,2022,074701-66.2%-68.2%
Gross profit margin%18.417.98.7
Effective tax rate%23.416.322.0
Net profit margin%11.410.83.6
* 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 0.5% on a year-on-year (YoY) basis. The expenses were up by 12.5% YoY during the same period.
  • The company's operating profit declined by 52.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.7% in 1QFY21 as against 18.4% in 1QFY20.
  • Depreciation charges increased by 18.1% and finance costs increased by 17.6% YoY, respectively.
  • Other income increased by 9.6% YoY during the quarter.
  • Net profit for the quarter declined by 68.2% YoY. Net profit margins during the quarter declined from 11.4% in 1QFY20 to 3.6% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.9% QoQ during the same period.
  • The company's operating profit declined by 51.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.7% in 1QFY21 as against 17.9% in 4QFY20.
  • Net profit for the quarter declined by 66.2% QoQ, while net profit margins declined from 10.8% in 4QFY20 to 3.6% in 1QFY21.

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

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DCM SHRIRAM Share Price Performance

Over the last one year,DCM SHRIRAM share price has moved down from Rs 493.9 to Rs 337.0, registering a Loss of Rs 156.9 or around 31.8%.

Overall, the S&P BSE SENSEX is down 0.4% over the year.

Current Valuations

At the current price of Rs 337.0, the price to earnings (P/E) ratio of DCM SHRIRAM stands at 9.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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DCM SHRIRAM Announces Quarterly Results (3QFY21); Net Profit Up 44.2% (Quarterly Result Update)

Jan 20, 2021 | Updated on Jan 20, 2021

For the quarter ended December 2020, DCM SHRIRAM has posted a net profit of Rs 3 bn (up 44.2% YoY). Sales on the other hand came in at Rs 21 bn (down 2.6% YoY). Read on for a complete analysis of DCM SHRIRAM's quarterly results.

DCM SHRIRAM Announces Quarterly Results (4QFY20); Net Profit Down 29.0% (Quarterly Result Update)

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For the quarter ended March 2020, DCM SHRIRAM has posted a net profit of Rs 2 bn (down 29.0% YoY). Sales on the other hand came in at Rs 19 bn (up 1.6% YoY). Read on for a complete analysis of DCM SHRIRAM's quarterly results.

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