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.

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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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