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

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DCM SHRIRAM Announces Quarterly Results (3QFY19); Net Profit Up 5.7%
Wed, 30 Jan

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

DCM SHRIRAM Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m17,83717,00121,15224.4%18.6%
Other incomeRs m17417220016.0%14.6%
TurnoverRs m18,01217,17321,35224.3%18.5%
ExpensesRs m14,53914,03817,78526.7%22.3%
Gross profitRs m3,3002,9723,37113.4%2.2%
DepreciationRs m3673763955.1%7.7%
InterestRs m185411187-54.6%0.6%
Profit before taxRs m2,9222,3572,98926.8%2.3%
TaxRs m7926707379.9%-6.9%
Profit after taxRs m2,1301,6872,25233.5%5.7%
Gross profit margin%18.517.515.9
Effective tax rate%27.128.424.6
Net profit margin%11.89.810.5
* 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 18.6% on a year-on-year (YoY) basis. The expenses were up by 22.3% YoY during the same period.
  • The company's operating profit increased by 2.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.9% in 3QFY19 as against 18.5% in 3QFY18.
  • Depreciation charges increased by 7.7% and finance costs increased by 0.6% YoY, respectively.
  • Other income increased by 14.6% YoY during the quarter.
  • Net profit for the quarter increased by 5.7% YoY. Net profit margins during the quarter declined from 11.8% in 3QFY18 to 10.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 24.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 26.7% QoQ during the same period.
  • The company's operating profit declined by 13.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.9% in 3QFY19 as against 17.5% in 2QFY18.
  • Net profit for the quarter increased by 33.5% QoQ, while net profit margins increased from 9.8% in 2QFY18 to 10.5% in 3QFY19.

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 582.0 to Rs 325.0, registering a Loss of Rs 257.0 or around 44.2%.

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 325.0, the price to earnings (P/E) ratio of DCM SHRIRAM stands at 8.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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