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DCM SHRIRAM Announces Quarterly Results (2QFY19); Net Profit Down 2.0%

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DCM SHRIRAM Announces Quarterly Results (2QFY19); Net Profit Down 2.0%
Fri, 9 Nov

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

DCM SHRIRAM Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m16,04720,67917,001-17.8%5.9%
Other incomeRs m1589817276.2%8.7%
TurnoverRs m16,20520,77717,173-17.3%6.0%
ExpensesRs m13,14617,30414,038-18.9%6.8%
Gross profitRs m2,9033,3762,972-12.0%2.4%
DepreciationRs m3583643763.3%5.1%
InterestRs m19935541115.9%106.5%
Profit before taxRs m2,5042,7552,357-14.4%-5.9%
TaxRs m78357567016.6%-14.4%
Profit after taxRs m1,7212,1801,687-22.6%-2.0%
Gross profit margin%18.116.317.5
Effective tax rate%31.320.928.4
Net profit margin%10.610.59.8
* 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 5.9% on a year-on-year (YoY) basis. The expenses were up by 6.8% YoY during the same period.
  • The company's operating profit increased by 2.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.5% in 2QFY19 as against 18.1% in 2QFY18.
  • Depreciation charges increased by 5.1% and finance costs increased by 106.5% YoY, respectively.
  • Other income increased by 8.7% YoY during the quarter.
  • Net profit for the quarter declined by 2.0% YoY. Net profit margins during the quarter declined from 10.6% in 2QFY18 to 9.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 17.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.9% QoQ during the same period.
  • The company's operating profit increased by 12.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.5% in 2QFY19 as against 16.3% in 1QFY18.
  • Net profit for the quarter declined by 22.6% QoQ, while net profit margins declined from 10.5% in 1QFY18 to 9.8% in 2QFY19.

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 548.9 to Rs 412.3, registering a Loss of Rs 136.6 or around 24.9%.

Overall, the S&P BSE SENSEX is up 5.2% over the year.

Current Valuations

At the current price of Rs 412.3, the price to earnings (P/E) ratio of DCM SHRIRAM stands at 10.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.

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DCM SHRIRAM Announces Quarterly Results (3QFY19); Net Profit Up 5.7% (Quarterly Result Update)

Jan 30, 2019 | Updated on Jan 30, 2019

For the quarter ended December 2018, DCM SHRIRAM has posted a net profit of Rs 2 bn (up 5.7% YoY). Sales on the other hand came in at Rs 21 bn (up 18.6% YoY). Read on for a complete analysis of DCM SHRIRAM's quarterly results.

DCM SHRIRAM 2017-18 Annual Report Analysis (Annual Result Update)

Dec 31, 2018 | Updated on Dec 31, 2018

Here's an analysis of the annual report of DCM SHRIRAM for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of DCM SHRIRAM. Also includes updates on the valuation of DCM SHRIRAM.

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

Aug 3, 2018 | Updated on Aug 3, 2018

For the quarter ended June 2018, DCM SHRIRAM has posted a net profit of Rs 2 bn (down 6.6% YoY). Sales on the other hand came in at Rs 21 bn (up 0.8% YoY). Read on for a complete analysis of DCM SHRIRAM's quarterly results.

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