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

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INDIA CEMENTS Announces Quarterly Results (1QFY20); Net Profit Up 243.4%
Thu, 8 Aug

INDIA CEMENTS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

INDIA CEMENTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m13,60715,64014,688-6.1%7.9%
Other incomeRs m5517432-81.6%-42.0%
TurnoverRs m13,66215,81414,720-6.9%7.7%
ExpensesRs m12,04613,71812,269-10.6%1.9%
Gross profitRs m1,5611,9222,42025.9%55.0%
DepreciationRs m616648599-7.6%-2.8%
InterestRs m733827799-3.3%9.0%
Profit before taxRs m2676221,05469.5%294.7%
TaxRs m5718333180.9%485.5%
Profit after taxRs m21043972264.7%243.4%
Gross profit margin%11.512.316.5
Effective tax rate%21.229.531.5
Net profit margin%1.52.84.9
* 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 7.9% on a year-on-year (YoY) basis. The expenses were up by 1.9% YoY during the same period.
  • The company's operating profit increased by 55.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.5% in 1QFY20 as against 11.5% in 1QFY19.
  • Depreciation charges declined by 2.8% and finance costs increased by 9.0% YoY, respectively.
  • Other income declined by 42.0% YoY during the quarter.
  • Net profit for the quarter increased by 243.4% YoY. Net profit margins during the quarter increased from 1.5% in 1QFY19 to 4.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 10.6% QoQ during the same period.
  • The company's operating profit increased by 25.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.5% in 1QFY20 as against 12.3% in 4QFY19.
  • Net profit for the quarter increased by 64.7% QoQ, while net profit margins increased from 2.8% in 4QFY19 to 4.9% in 1QFY20.

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 down from Rs 117.0 to Rs 86.9, registering a Loss of Rs 30.1 or around 25.7%.

Overall, the S&P BSE SENSEX is down 2.5% over the year.

Current Valuations

At the current price of Rs 86.9, the price to earnings (P/E) ratio of INDIA CEMENTS stands at 22.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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