AMBUJA CEMENT Announces Quarterly Results (2QFY21); Net Profit Up 51.4%

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AMBUJA CEMENT Announces Quarterly Results (2QFY21); Net Profit Up 51.4%
Mon, 26 Oct

AMBUJA CEMENT has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

AMBUJA CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m60,77646,44261,69532.8%1.5%
Other incomeRs m1,1251,108971-12.4%-13.7%
TurnoverRs m61,90147,55062,66631.8%1.2%
ExpensesRs m50,78835,22048,19936.8%-5.1%
Gross profitRs m9,98911,22213,49620.3%35.1%
DepreciationRs m2,8472,9212,901-0.7%1.9%
InterestRs m37831334510.1%-8.9%
Profit before taxRs m7,8899,09611,22223.4%42.3%
TaxRs m2,5983,1923,2150.7%23.7%
Profit after taxRs m5,2905,9048,00735.6%51.4%
Gross profit margin%16.424.221.9
Effective tax rate%32.935.128.6
Net profit margin%8.512.412.8
* 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 1.5% on a year-on-year (YoY) basis. The expenses were down by 5.1% YoY during the same period.
  • The company's operating profit increased by 35.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.9% in 2QFY21 as against 16.4% in 2QFY20.
  • Depreciation charges increased by 1.9% and finance costs declined by 8.9% YoY, respectively.
  • Other income declined by 13.7% YoY during the quarter.
  • Net profit for the quarter increased by 51.4% YoY. Net profit margins during the quarter increased from 8.5% in 2QFY20 to 12.8% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 32.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 36.8% QoQ during the same period.
  • The company's operating profit increased by 20.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.9% in 2QFY21 as against 24.2% in 1QFY20.
  • Net profit for the quarter increased by 35.6% QoQ, while net profit margins increased from 12.4% in 1QFY20 to 12.8% in 2QFY21.

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 up from Rs 197.4 to Rs 244.1, registering a Gain of Rs 46.7 or around 23.7%.

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 244.1, the price to earnings (P/E) ratio of AMBUJA CEMENT stands at 17.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.0 times.

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