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

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DCM SHRIRAM Announces Quarterly Results (3QFY21); Net Profit Up 44.2%
Wed, 20 Jan

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

DCM SHRIRAM Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m21,94620,46921,3684.4%-2.6%
Other incomeRs m349177172-2.8%-50.7%
TurnoverRs m22,29520,64621,5404.3%-3.4%
ExpensesRs m19,06518,25117,376-4.8%-8.9%
Gross profitRs m2,7362,2183,99280.0%45.9%
DepreciationRs m556598549-8.2%-1.2%
InterestRs m3822562570.2%-32.9%
Profit before taxRs m2,1471,5413,358117.9%56.4%
TaxRs m402358841135.2%109.4%
Profit after taxRs m1,7461,1842,517112.7%44.2%
Gross profit margin%12.510.818.7
Effective tax rate%18.723.225.0
Net profit margin%7.85.711.7
* 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 fell 2.6% on a year-on-year (YoY) basis. The expenses were down by 8.9% YoY during the same period.
  • The company's operating profit increased by 45.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.7% in 3QFY21 as against 12.5% in 3QFY20.
  • Depreciation charges declined by 1.2% and finance costs declined by 32.9% YoY, respectively.
  • Other income declined by 50.7% YoY during the quarter.
  • Net profit for the quarter increased by 44.2% YoY. Net profit margins during the quarter increased from 7.8% in 3QFY20 to 11.7% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.8% QoQ during the same period.
  • The company's operating profit increased by 80.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.7% in 3QFY21 as against 10.8% in 2QFY20.
  • Net profit for the quarter increased by 112.7% QoQ, while net profit margins increased from 5.7% in 2QFY20 to 11.7% in 3QFY21.

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 414.1 to Rs 419.7, registering a Gain of Rs 5.6 or around 1.3%.

Overall, the S&P BSE SENSEX is up 19.5% over the year.

Current Valuations

At the current price of Rs 419.7, the price to earnings (P/E) ratio of DCM SHRIRAM stands at 10.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.0 times.

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

Jul 22, 2020 | Updated on Jul 22, 2020

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.

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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