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DCM SHRIRAM
DCM SHRIRAM Announces Quarterly Results (4QFY20); Net Profit Down 29.0%

DCM SHRIRAM Announces Quarterly Results (4QFY20); Net Profit Down 29.0%
Fri, 5 Jun

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

DCM SHRIRAM Quarterly Financials

No. of Mths Qtr. Ending		3 Mar-19*	3 Dec-19*	3 Mar-20*	QoQ Change	YoY Change
Net Sales	Rs m	18,879	21,946	19,172	-12.6%	1.6%
Other income	Rs m	407	349	115	-67.0%	-71.7%
Turnover	Rs m	19,286	22,295	19,288	-13.5%	0.0%
Expenses	Rs m	14,897	19,065	15,741	-17.4%	5.7%
Gross profit	Rs m	3,982	2,736	3,430	25.4%	-13.9%
Depreciation	Rs m	436	556	600	8.0%	37.6%
Interest	Rs m	237	382	466	21.9%	96.8%
Profit before tax	Rs m	3,716	2,147	2,479	15.4%	-33.3%
Tax	Rs m	795	402	405	0.9%	-49.0%
Profit after tax	Rs m	2,921	1,746	2,074	18.8%	-29.0%
Gross profit margin	%	21.1	12.5	17.9
Effective tax rate	%	21.4	18.7	16.3
Net profit margin	%	15.1	7.8	10.8

* 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 1.6% on a year-on-year (YoY) basis. The expenses were up by 5.7% YoY during the same period.
The company's operating profit declined by 13.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.9% in 4QFY20 as against 21.1% in 4QFY19.
Depreciation charges increased by 37.6% and finance costs increased by 96.8% YoY, respectively.
Other income declined by 71.7% YoY during the quarter.
Net profit for the quarter declined by 29.0% YoY. Net profit margins during the quarter declined from 15.1% in 4QFY19 to 10.8% in 4QFY20.

Quarter-on-Quarter Performance:

The company's operating income during the quarter fell 12.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 17.4% QoQ during the same period.
The company's operating profit increased by 25.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.9% in 4QFY20 as against 12.5% in 3QFY19.
Net profit for the quarter increased by 18.8% QoQ, while net profit margins increased from 7.8% in 3QFY19 to 10.8% in 4QFY20.

To see how DCM SHRIRAM has performed over the last eight quarters,please visit here.

Last 2 Days: Watch the Replay of Great Indian Wealth Project Special Event

DCM SHRIRAM Share Price Performance

Over the last one year,DCM SHRIRAM share price has moved down from Rs 524.9 to Rs 296.8, registering a Loss of Rs 228.2 or around 43.5%.

Overall, the S&P BSE SENSEX is down 14.3% over the year.

Current Valuations

At the current price of Rs 296.8, the price to earnings (P/E) ratio of DCM SHRIRAM stands at 6.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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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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DCM SHRIRAM 2018-19 Annual Report Analysis (Annual Result Update)

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DCM SHRIRAM SHARE PRICE

BSE: 454.85 -3.67% NSE: 453.00 -4.10%
Feb 26, 2021 (Close)

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LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

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DCM SHRIRAM Announces Quarterly Results (4QFY20); Net Profit Down 29.0% Fri, 5 Jun