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.

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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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