DCM SHRIRAM Announces Quarterly Results (3QFY20); Net Profit Down 22.5%

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DCM SHRIRAM Announces Quarterly Results (3QFY20); Net Profit Down 22.5%
Tue, 28 Jan

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

DCM SHRIRAM Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m21,15217,52921,94625.2%3.7%
Other incomeRs m2003183499.9%75.1%
TurnoverRs m21,35217,84722,29524.9%4.4%
ExpensesRs m17,78515,41519,06523.7%7.2%
Gross profitRs m3,3712,1142,73629.5%-18.8%
DepreciationRs m3955325564.5%40.7%
InterestRs m187422382-9.4%104.9%
Profit before taxRs m2,9891,4772,14745.3%-28.2%
TaxRs m73730040233.9%-45.5%
Profit after taxRs m2,2521,1771,74648.3%-22.5%
Gross profit margin%15.912.112.5
Effective tax rate%24.620.318.7
Net profit margin%10.56.67.8
* 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 3.7% on a year-on-year (YoY) basis. The expenses were up by 7.2% YoY during the same period.
  • The company's operating profit declined by 18.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.5% in 3QFY20 as against 15.9% in 3QFY19.
  • Depreciation charges increased by 40.7% and finance costs increased by 104.9% YoY, respectively.
  • Other income increased by 75.1% YoY during the quarter.
  • Net profit for the quarter declined by 22.5% YoY. Net profit margins during the quarter declined from 10.5% in 3QFY19 to 7.8% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 25.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 23.7% QoQ during the same period.
  • The company's operating profit increased by 29.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.5% in 3QFY20 as against 12.1% in 2QFY19.
  • Net profit for the quarter increased by 48.3% QoQ, while net profit margins increased from 6.6% in 2QFY19 to 7.8% in 3QFY20.

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 304.1 to Rs 382.8, registering a Gain of Rs 78.7 or around 25.9%.

Overall, the S&P BSE SENSEX is up 15.4% over the year.

Current Valuations

At the current price of Rs 382.8, the price to earnings (P/E) ratio of DCM SHRIRAM stands at 7.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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

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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 (1QFY21); Net Profit Down 68.2% (Quarterly Result Update)

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For the quarter ended June 2020, DCM SHRIRAM has posted a net profit of Rs 701 m (down 68.2% YoY). Sales on the other hand came in at Rs 19 bn (up 0.5% YoY). Read on for a complete analysis of DCM SHRIRAM's quarterly results.

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Oct 18, 2019 | Updated on Oct 18, 2019

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