AMBUJA CEMENT Announces Quarterly Results (2QFY20); Net Profit Up 34.6%

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AMBUJA CEMENT Announces Quarterly Results (2QFY20); Net Profit Up 34.6%
Wed, 23 Oct

AMBUJA CEMENT has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

AMBUJA CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m60,17670,68860,776-14.0%1.0%
Other incomeRs m8001,1041,1251.9%40.7%
TurnoverRs m60,97571,79261,901-13.8%1.5%
ExpensesRs m52,13755,84950,788-9.1%-2.6%
Gross profitRs m8,03914,8399,989-32.7%24.3%
DepreciationRs m2,8742,7832,8472.3%-0.9%
InterestRs m392407378-7.1%-3.4%
Profit before taxRs m5,57312,7537,889-38.1%41.6%
TaxRs m1,6434,4792,598-42.0%58.1%
Profit after taxRs m3,9308,2755,290-36.1%34.6%
Gross profit margin%13.421.016.4
Effective tax rate%29.535.132.9
Net profit margin%6.411.58.5
* 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 1.0% on a year-on-year (YoY) basis. The expenses were down by 2.6% YoY during the same period.
  • The company's operating profit increased by 24.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.4% in 2QFY20 as against 13.4% in 2QFY19.
  • Depreciation charges declined by 0.9% and finance costs declined by 3.4% YoY, respectively.
  • Other income increased by 40.7% YoY during the quarter.
  • Net profit for the quarter increased by 34.6% YoY. Net profit margins during the quarter increased from 6.4% in 2QFY19 to 8.5% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 14.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.1% QoQ during the same period.
  • The company's operating profit declined by 32.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.4% in 2QFY20 as against 21.0% in 1QFY19.
  • Net profit for the quarter declined by 36.1% QoQ, while net profit margins declined from 11.5% in 1QFY19 to 8.5% in 2QFY20.

To see how AMBUJA CEMENT has performed over the last eight quarters,please visit here.

REVEALED: How to Potentially Increase Your Monthly Income Without Working 24x7

AMBUJA CEMENT Share Price Performance

Over the last one year,AMBUJA CEMENT share price has moved down from Rs 201.2 to Rs 197.2, registering a Loss of Rs 4.0 or around 2.0%.

Overall, the S&P BSE SENSEX is up 14.5% over the year.

Current Valuations

At the current price of Rs 197.2, the price to earnings (P/E) ratio of AMBUJA CEMENT stands at 11.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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