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INDIA CEMENTS Announces Quarterly Results (2QFY19); Net Profit Down 94.0%

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INDIA CEMENTS Announces Quarterly Results (2QFY19); Net Profit Down 94.0%
Mon, 12 Nov

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

INDIA CEMENTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m12,68313,60713,8711.9%9.4%
Other incomeRs m665538-31.3%-42.9%
TurnoverRs m12,74913,66213,9081.8%9.1%
ExpensesRs m10,86812,04612,3232.3%13.4%
Gross profitRs m1,8141,5611,548-0.8%-14.7%
DepreciationRs m6326166170.2%-2.4%
InterestRs m88673395430.2%7.6%
Profit before taxRs m36226714-94.6%-96.0%
TaxRs m125570-100.0%-100.0%
Profit after taxRs m23721014-93.2%-94.0%
Gross profit margin%14.311.511.2
Effective tax rate%34.621.20.0
Net profit margin%1.91.50.1
* 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 9.4% on a year-on-year (YoY) basis. The expenses were up by 13.4% YoY during the same period.
  • The company's operating profit declined by 14.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.2% in 2QFY19 as against 14.3% in 2QFY18.
  • Depreciation charges declined by 2.4% and finance costs increased by 7.6% YoY, respectively.
  • Other income declined by 42.9% YoY during the quarter.
  • Net profit for the quarter declined by 94.0% YoY. Net profit margins during the quarter declined from 1.9% in 2QFY18 to 0.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.3% QoQ during the same period.
  • The company's operating profit declined by 0.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.2% in 2QFY19 as against 11.5% in 1QFY18.
  • Net profit for the quarter declined by 93.2% QoQ, while net profit margins declined from 1.5% in 1QFY18 to 0.1% in 2QFY19.

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 170.8 to Rs 91.9, registering a Loss of Rs 78.9 or around 46.2%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 91.9, the price to earnings (P/E) ratio of INDIA CEMENTS stands at 38.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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Related Views on News

INDIA CEMENTS Announces Quarterly Results (3QFY19); Net Profit Down 79.5% (Quarterly Result Update)

Feb 15, 2019 | Updated on Feb 15, 2019

For the quarter ended December 2018, INDIA CEMENTS has posted a net profit of Rs 31 m (down 79.5% YoY). Sales on the other hand came in at Rs 13 bn (up 8.5% 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.

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

Aug 13, 2018 | Updated on Aug 13, 2018

For the quarter ended June 2018, INDIA CEMENTS has posted a net profit of Rs 210 m (down 20.5% YoY). Sales on the other hand came in at Rs 14 bn (down 6.9% YoY). Read on for a complete analysis of INDIA CEMENTS's quarterly results.

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