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INDIA CEMENTS Announces Quarterly Results (1QFY19); Net Profit Down 20.5%

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INDIA CEMENTS Announces Quarterly Results (1QFY19); Net Profit Down 20.5%
Mon, 13 Aug

INDIA CEMENTS has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

INDIA CEMENTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m14,61613,97813,607-2.7%-6.9%
Other incomeRs m52395540.8%6.6%
TurnoverRs m14,66814,01713,662-2.5%-6.9%
ExpensesRs m12,76012,39312,046-2.8%-5.6%
Gross profitRs m1,8561,5851,561-1.5%-15.9%
DepreciationRs m630664616-7.2%-2.2%
InterestRs m8747187332.1%-16.1%
Profit before taxRs m40424226710.1%-34.0%
TaxRs m140-11057-59.5%
Profit after taxRs m264353210-40.4%-20.5%
Gross profit margin%12.711.311.5
Effective tax rate%34.6-45.521.2
Net profit margin%1.82.51.5
* 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 fell 6.9% on a year-on-year (YoY) basis. The expenses were down by 5.6% YoY during the same period.
  • The company's operating profit declined by 15.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.5% in 1QFY19 as against 12.7% in 1QFY18.
  • Depreciation charges and finance costs declined by 2.2% YoY and 16.1% YoY, respectively.
  • Other income increased by 6.6% YoY during the quarter.
  • Net profit for the quarter declined by 20.5% YoY. Net profit margins during the quarter declined from 1.8% in 1QFY18 to 1.5% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.8% QoQ during the same period.
  • The company's operating profit increased by 1.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.5% in 1QFY19 as against 11.3% in 4QFY18.
  • Net profit for the quarter declined by 40.4% QoQ, while net profit margins declined from 2.5% in 4QFY18 to 1.5% in 1QFY19.

To see how INDIA CEMENTS has performed over the last eight quarters, please visit here.

INDIA CEMENTS Share Price Performance

Over the last one year, INDIA CEMENTS share price has moved up from Rs 176.6 to Rs 109.5, registering a Loss of Rs 67.1 or around 38.0%.

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

Current Valuations

At the current price of Rs 109.5, the price to earnings (P/E) ratio of INDIA CEMENTS stands at 35.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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Related Views on News

INDIA CEMENTS Announces Quarterly Results (1QFY20); Net Profit Up 243.4% (Quarterly Result Update)

Aug 8, 2019 | Updated on Aug 8, 2019

For the quarter ended June 2019, INDIA CEMENTS has posted a net profit of Rs 722 m (up 243.4% YoY). Sales on the other hand came in at Rs 15 bn (up 7.9% YoY). Read on for a complete analysis of INDIA CEMENTS's quarterly results.

INDIA CEMENTS Announces Quarterly Results (4QFY19); Net Profit Up 24.3% (Quarterly Result Update)

May 27, 2019 | Updated on May 27, 2019

For the quarter ended March 2019, INDIA CEMENTS has posted a net profit of Rs 438 m (up 24.3% YoY). Sales on the other hand came in at Rs 16 bn (up 11.9% YoY). Read on for a complete analysis of INDIA CEMENTS's quarterly results.

INDIA CEMENTS 2017-18 Annual Report Analysis (Annual Result Update)

Dec 19, 2018 | Updated on Dec 19, 2018

Here's an analysis of the annual report of INDIA CEMENTS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of INDIA CEMENTS. Also includes updates on the valuation of INDIA CEMENTS.

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