INDIA CEMENTS Announces Quarterly Results (1QFY22); Net Profit Up 136.2%

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INDIA CEMENTS Announces Quarterly Results (1QFY22); Net Profit Up 136.2%
Mon, 16 Aug

INDIA CEMENTS has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

INDIA CEMENTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m7,63514,72510,453-29.0%36.9%
Other incomeRs m8422931-86.3%-62.8%
TurnoverRs m7,71914,95310,484-29.9%35.8%
ExpensesRs m6,07213,0678,806-32.6%45.0%
Gross profitRs m1,5621,6581,647-0.7%5.4%
DepreciationRs m612625559-10.7%-8.7%
InterestRs m746542467-13.9%-37.5%
Profit before taxRs m288719653-9.2%126.3%
TaxRs m91279186-33.2%104.8%
Profit after taxRs m1974404666.0%136.2%
Gross profit margin%20.511.315.8
Effective tax rate%31.638.828.6
Net profit margin%2.62.94.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 36.9% on a year-on-year (YoY) basis. The expenses were up by 45.0% YoY during the same period.
  • The company's operating profit increased by 5.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.8% in 1QFY22 as against 20.5% in 1QFY21.
  • Depreciation charges declined by 8.7% and finance costs declined by 37.5% YoY, respectively.
  • Other income declined by 62.8% YoY during the quarter.
  • Net profit for the quarter increased by 136.2% YoY. Net profit margins during the quarter increased from 2.6% in 1QFY21 to 4.4% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 29.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 32.6% QoQ during the same period.
  • The company's operating profit declined by 0.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.8% in 1QFY22 as against 11.3% in 4QFY21.
  • Net profit for the quarter increased by 6.0% QoQ, while net profit margins increased from 2.9% in 4QFY21 to 4.4% in 1QFY22.

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

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INDIA CEMENTS Share Price Performance

Over the last one year, INDIA CEMENTS share price has moved up from Rs 114.2 to Rs 172.7, registering a Gain of Rs 58.5 or around 51.2%.

Overall, the S&P BSE SENSEX is up 45.0% over the year.

Current Valuations

At the current price of Rs 172.7, the price to earnings (P/E) ratio of INDIA CEMENTS stands at 22.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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